Breaking

Luweero SACCO Chairperson Flees With UGX 64m Savings

The chairperson of Ndejje Agaliwamu Savings and Cooperative Society is on the run after allegedly embezzling 64 million shillings from the group. Bombo and Ndejje Police are hunting for Misail Ssetuuba for allegedly withdrawing and disappearing with all the savings of the members.
The chairperson of Ndejje Agaliwamu Savings and Cooperative Society is on the run after allegedly embezzling 64 million shillings from the group.

Bombo and Ndejje Police are hunting for Misail Ssetuuba, the chairperson of Ndejje Agaliwamu SACCO, for allegedly withdrawing and disappearing with all the savings of the members.

The chairperson LC 1 of Ndejje, Charles Bbemba says that more than 300 members under various village groups had been saving money in the SACCO and applying for loans.

Alarm among members was triggered when the SACCO started failing to provide them with money for the loans.

It was then that members insisted that Ssetuuba release their savings. Instead their chairperson allegedly disappeared from the area and switched off all his known phone numbers. He has been missing for two weeks now.

Follow up investigations by the SACCO account’s signatories and local leaders at Post Bank revealed that Agaliwamu remains with 800, 000 shillings only in the bank.

An audit of the SACCO account books by the cashier and other administrators found out that 64 million shillings had gone missing. It was deduced that Ssetuuba had been withdrawing the money by forging the signatures he needed.

Rodgers Maseruka, the SACCO’s cashier, confirmed the disappearance of the funds and  said that the matter had been handed over to Police for investigations.

The Luweero District Police commander, Samuel Bamuzibire said that Ssetuuba would face of charges of embezzlement and forgery once arrested.

It will come as scant consolation for the SACCO members like George William Muwayire and Rose Nakimera. Muwayire might not be able to send his children back to school because he had saved their fees in the SACCO. Nakimera finds her vending business stranded because the 300,000 shillings she was hoping to invest in it is now gone.

The case comes at a time when Police is still hunting for Israel Musisi, the accountant for Butuntumula sub-county, who allegedly disappeared with 46 million shillings from the Local Government Management and Service Delivery-LGMSD programme in June, 2012. That case is still open.

Keywords