Wednesday, December 2, 2020
Home Crime Misallocation of funds! Nsambya SACCO leaders accused of theft

Misallocation of funds! Nsambya SACCO leaders accused of theft

KAMPALA- Members of Nsambya carpentry joinery and craft makers on Nsambya Road in Kampala have accused their Sacco leaders for allegedly swindling over 100 million shillings that was given to them by President Museveni to improve their social-economic welfare.

In 2016, President Yoweri Museveni while visiting different Sacco’s in Kampala and Wakiso districts offered 100 million shillings to the Nsambya carpentry Sacco to boost them and also bought machines worth 170 millions that would improve their production.

Today Sacco members called for a meeting demanding accountability from their leaders, saying that the Sacco’s Treasurer Muleke Moses and Chairperson Amstrong Jacob reportedly shared amongst themselves the bigger chunk of the money and the Sacco cannot help them when they need financial help.

These are calling the head of state house anti-corruption Unit Lieutenant Colonel Edith Nakalema’s intervention to have the two leaders arrested.

Others say that even their savings were eaten by the same people before president Museveni’s fund to them; they also accuse leaders of presenting fabricated audit reports.

In response, Amustrong Jacob the Sacco chairperson disputed the allegations of swindling the money but they had problems with some Sacco members who borrowed the money but failed to return it on the specific given time.

By press time they have given the Sacco board one week to present all the records and accountability of the Sacco before they drag them to the police.


Ronard Shabomwe
Ronard Shabomwe
Ronard Shabomwe is a community worker and a journalist with experience in community and field reporting. He is passionate about Disability issues and covers Institutions of higher learning. He has worked with Uganda Radio Network-URN, Eagle online, Agoweitu, and Radio Simba. Available on +256779901150,+256709901150.


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