SSNIT lawyer warned against $72m software deal
It has emerged that the management of the Social Security and National Insurance Trust (SSNIT) was cautioned against backdating payment for the controversial Operational Business Suit (OBS) software which cost the organisation about $72 million.
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A letter dated January 12, 2016 and signed by a Senior Corporate Law Officer, Jaezi Orleans-Lindsay cautioned against backdating the payment of $2,000,000 for the software to 2014.
In a correspondence with the General Manager of SSNIT, Mr. Orleans-Lindsay explained that SSNIT will have to pay more for refusing to heed to the advice.
“What it means is that SSNIT will have to pay the annual SLA [Service Level Agreement] fee of US$2,000,000 immediately upon signing the agreement (to cover from September 2014 to September 2015) and pay another US$2,000,000 in September this year [2016], when in effect it would have just received about 9 months of service under the SLA instead of the contractual 2 years.”
The Lawyer’s advice is below:
Background
The Board of Trustees of SSNIT has begun investigations into how the former management acquired a OBS software System for $66 million.
The system was installed to network all branches of SSNIT nationwide to enhance efficiency but the current administration questioned the cost and have contracted Price Water house to audit the transaction.
