The managing director-designate of the National Social Security and Welfare Corporation (NASSCORP) has said that the corporation’s investment portfolio is worth over US$80 million, while cash in banks with fluctuations is as high as US$30 million. The corporation is also building its new headquarters on 24th Street in Sinkor. We are saving with every bank in the country and nobody has more than 30 percent of our money.” Mr. von Ballmoos emphasized that the corporation has not encountered any losses with any of the banks they are dealing with, contrary to fears that such was the case. He told the committee chaired by River Cess County Senator Francis Saturday Paye that he has worked with NASSCORP for the past 11 years – six years as deputy and another six years as head of the corporation. In another development, the Senate takes a two-week Easter break starting today, Tuesday, April 4.

Source: Daily Observer April 04, 2017 02:48 UTC