Local Authorities Pensions Funds (LAPF) has clarified that it does not lend money to individuals but rather to its member through SACCOS.
The fund has at the same clarified that it has never given money to MPs, but contributed to public projects as part of its corporate social responsibility.
The statement says the funds are given based on requests which should be approved by the fund’s board of directors and in line with the year’s action plan. The fund had this financial year spent 120m/-.
Last week, Tundu Lissu (Singida East-Chadema) said the Local Authority Pensions Fund (LAPF) favoured CCM MPs in allocating loans.
According to the statement the assistance is never in the form of money but rather it is channeled to buying the required materials or equipment.
Among the sectors that the fund has assisted include education, health and sports.
“We would like to make it clear that LAPF has never lent 1bn/- to leader of opposition in Parliament, Freeman Mbowe since the fund does not lend to individuals but rather to its members through saccos and gives house loans to members who are about to retire...,” the statement circulated to the media yesterday said in part.
Last week it was alleged in Parliament that Mbowe borrowed 1bn/- from the fund, an allegation which the opposition leader denied. On Monday, Finance deputy minister, Mwigulu Nchemba, said that Mbowe is among the MPs who received over 1bn/- from LAPF as a personal loan.
The statement which quoted the fund’s Director General also refuted allegations that it offered assistance to Mbeya Urban MP Joseph Mbilinyi and his Iringa Urban counterpart, Peter Msigwa.
According to the statement, the two MPs have never requested for assistance from the fund and hence could not get without requesting.
The LAPF Pensions Fund (LAPF) was established by the LAPF Act No 9 of 2006 which repealed the LAPF Provident Fund Act No 6 of 2000.
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