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3 Arrested for 37M Fraud of UWESO Saaco

Three people have been arrested by police in Butenga sub-county, Bukomansimbi for misappropriating 37 million shillings belonging to a Savings and Credit Cooperative Societies (SACCO) affiliated to Uganda Women\'s Effort to save Orphans (UWESO).
Three people have been arrested by police in Butenga sub-county, Bukomansimbi for misappropriating 37 million shillings belonging to a Savings and Credit Cooperative Societies (SACCO) affiliated to Uganda Women's Effort to save Orphans (UWESO).

 

Three people have been arrested by police at Butenga in Bukomansimbi district for misappropriating 37 million shillings belonging to a Savings and Credit Cooperative Societies (SACCO).

 

The suspects in police custody have been indentified as Patrick Muvaloma the chairperson of the group, Maria Nalinya the treasurer and Immaculate Nakku the area sub county representative and also the Secretary of the group. The Sacco group is called UWESO.

 

The suspects are all residents of Kawoko village, Butenga sub county.

 

Information with police indicates that the Saaco had accumulated the 37 million shillings over 3 years of savings. Each member was contributed 20, 000 shillings over this time. 

 

A member of the sacco Joseph Kimbugwe says they became suspicious when the heads of UWESO failed to turn up for a meeting to distribute profit returns.

 

The members then broke into a wooden box that the management  of the sacco had claimed they used to store the collections. There was no money in the box.

 

They alerted police who then managed to arrest three of the sacco leaders right away.

 

The Southern region police spokesperson Noah Sserunjojji revealed that 8 more people had been arrested to help with investigations.

 

Sserunjojji said they had received information that one of the suspects Nalinya had used some of the collections to open for herself a mobile money shop.

The sacco treasurer Nakku further infuriated members when she pleaded that she be allowed to refund 2 million shillings she had taken from the group illegally. 

 

He said the suspects would be charged with fraud once investigations are completed.

 

Cases of Sacco members being cheated out of their savings are quite common in the Southern Region. The latest case before this was reported at Kyabi in Ssembabule where the Sacco treasurer of Basoka Kwavula women’s Sacco made off with 4.7 million shillings.

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