By Amin Kef Sesay
Mohamed Fuaad Daboh, Director General of the National Social Security Insurance (NASSIT) on the 24th March 2020 received a Sierra Leone Commercial Bank cheque to the tune of Six Hundred and Twenty – one million Eight hundred and Eighteen thousand One hundred and Eighty-two Leones ( Le 621, 018,182) from the Management of Sierra Leone Commercial Bank as dividend.
Receiving the dividend on behalf of NASSIT, the Director General, expressed his satisfaction on what he called “a turning point in the fortune of the institution and the relationship between the Bank and their shareholders”
He said it had been a while since NASSIT received any dividend from the Bank and encouraged the Bank Management to continue the good work so as to go beyond the bar set.
On his part, the Chairman Board of Directors of SLCB, Dr. James David Rogers lauded the Board, Management and Staff of the Sierra Leone Commercial Bank for their hard work.
He said this is what has brought them far saying for the first time in many years, they have not only reported profit but are paying dividends to shareholders. He assured NASSIT and other shareholders that it was not a one-time event, but that the bank would keep to its promise of maximizing the welfare of the shareholders.
It will be recalled that in 2016, NASSIT called upon by the Government of Sierra Leone to bailout the Sierra Leone Commercial Bank from the effects of the global financial crisis. It was intimated that this investment transaction earned NASSIT a shareholders right of about 10% in the business of the bank.
