MBARARA RCC ORDERS INVESTIGATIONS INTO TRADERS ASSOCIATION BANK ACCOUNTS

By Twesigye Aggrey
in Mbarara city—-

The office of the Resident city commissioner Mbarara has ordered immediately investigations on three bank accounts of Mbarara city Traders Association (MBACITA) over alleged fraud and theft.

The bank accounts in question are in; Bank of Africa, Stanbic bank,and KGMT SACCO.

This came to lime light during a special meeting on accountability of the association’s funds convened by the office of Resident city Commissioner at Mbarara city council hall on Thursday Evening.

However during the meeting drama ensued after the Association’s Treasurer, Tumuhimbise Bakaarya failed to account for the group’s funds .According to the Treasurer’s report the Association made an income of shs.10million since it’s inception in 2021 realized from member subscription fees but surprisingly the association has so far spent shs.49 million which posed many unanswered queries.

During the meeting, Executive members led by Musa Barugahare the Association’s Publicity Secretary accused Mwijuka Simon ssezi the Association’s Chairman of working in isolation and mismanaging it’s funds.

Moses Aruho the deputy Resident city commissioner Mbarara city south,tasked the office of the principal commercial officer to organize an Annual general meeting of the association slated for 24th.Nov.2023 where members will select new leaders.

Aruho further tasked the group’s leadership led by Mwijuka Simon ssezi to prepare a detailed audit report on the association’s bank accounts including the one in Stanbic bank through which money meant to purchase the trader’s firefighter truck is being deposited.Aruho added that the fundraising efforts will remain suspended until the allegations against Mwijuka are thoroughly investigated and resolved.

Mbarara City Traders Association (MBACITA) is a voluntary business organization registered with Uganda Registration Services Bureau (URSB) in August 2021 to support the business community.