SACCO Board Chairperson Suspended

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In short
His suspension was ordered by the registrar of cooperatives Joseph William Kitandwe, who also ordered for a forensic audit into the cooperatives books of accounts after a revelation that they could not account for over 600 million shillings.

Evaristo Mujuni the Board Chairperson Mwizi Savings and Cooperatives Society in Mwizi Sub-county Mbarara district has been suspended. 

His suspension was ordered by the registrar of cooperatives Joseph William Kitandwe, who also ordered for a forensic audit into the cooperative's books of accounts after a revelation that they could not account for over 600 million shillings.

According to Kitandwe, the board chairperson will stay out of office until the audit is completed.

Kitandwe is concerned that the money which is from the shares and savings of the more than 1.000 members has not been put to good use.

Joseph Turyamusiima a member of Mwizi SACCO says that members were often restricted from withdrawing money and also denied loans.


Wilson Mutabazi, the acting chairperson at Mwiizi says that the suspension of the board will pave way for thorough investigations into the mismanagement of the funds. He also called for calm among members.

Rwampara County Member of Parliament Charles Ngabirano, says that he will ensure that all those responsible for the mess in the SACCO face disciplinary action.

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Mujuni denies any wrongdoing and says that he is ready to step aside and pave way for investigations.

   

 

About the author

Anthony Kushaba
For Anthony Kushaba, journalism is not just a job; it is a calling. Kushaba believes journalism is one of the few platforms where the views of the oppressed and margainalised can be heard. This is what his journalism aims to do: bring to light untold stories.

Kushaba is the Mbarara region URN bureau chief. Mitooma, Ntungamo, Bushenyi, Sheema, Isingiro, and Kiruhura districts fall under his docket. Kushaba has been a URN staff member since 2012.

Kushaba is a journalism graduate from Uganda Christian University Study Centre at Bishop Barham College in Kabale. Before joining URN, Kushaba worked with Voice of Kigezi (2008), Bushenyi FM (2010) and later on to Voice of Muhabura.

Kushaba's journalism interests centre on conflict, peace and electoral reporting. Kushaba occasionally writes on tourism, health, religion and education. He describes himself as highly driven and will pursue a tip until it yields a story.