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Govt captures BPOPF Board

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Peloetletse
A day after Botswana Public Officers Pension Fund (BPOPF) Board unanimously agreed to end the relationship with Principal Officer, Boitumelo Molefe, government reinstated employer trustees who were earlier removed for violation of the Fund Rules, The Patriot on Sunday can reveal. The Trustees, deployed by their constituent organisations, were expelled for breaching various aspects of the Rules of the Fund. Director of Public Service Management (DPSM), Goitseone Mosalakatane, has written a letter to Non Bank Financial Institutions Regulatory Authority (NBFIRA) acting Chief Executive Officer Sriram Gade, informing him of the decision by government to reinstate employer trustees who were removed late last year for violating the Fund Rules. The duo, retired army officer Brigadier Charles Nkele and The Accountant General, Emma Peloetletse, could soon return to the BPOPF board notwithstanding their breaches which offend the Fund Rules. Through a letter dated 20th May 2020, Mosalakatane told NBFIRA that "be advised that there being no conflict of interest demonstrated on the conduct of Brigadier Nkele and Ms Peloetletse, we maintain that the two be retained as Employer Trustees". Earlier BPOPF had, through a letter dated 22 February 2019, requested DPSM to withdraw Nkele from the Board of Trustees but government ignored…

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