RUHARO PRESIDENTIAL SACCO MEMBERS GIVE BOARD ONE WEEK TO ACCOUNT FOR UGX 380M

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By Gideon Tumwijukye

www.mknewslink.com

In Bushenyi

Ruharo heifer project SACCO members gave an ultimatum of one week to SACCO board to reveal how the 380million were swindled.

The SACCO members under their pressure group “Save Ruharo Heifer Project SACCO Forum” spearheaded by their chairman Aloysius Nshemereiewe yesterday in a meeting held in Ruharo trading center in Bushenyi- Ishaka municipality passed a resolution that the board comes out and tells bank members how the money was swindled.

Aloysius Nshemereirwe blamed boarder member for their arrogance which led to the collapse of SACCO worth 400million.

At the time of collapse, the SACCO had opened a branch in Nkanga, Kizinda town council Bushenyi district.

In 2013 president YK Museveni refinanced the SACCO with 120 million but to a surprise, the SACCO has only 178,000 shillings on their current account, 120 million as bad debts and 29 million as running debts

On 6^th January 2020 SACCO member had a meeting with Bushenyi-Ishaka legislator Hon. Gordon Arinda Cowboy who said that the SACCO is a presidential project so he can’t keep quiet while the project is collapsing.

The former Vice Chairman of the SACCO Alex Nampa who led the SACCO for two terms said that the SACCO had 380 million on the account when he was still in office but one year later, the account had reduced to180 millions.

He added that the then manager of the SACCO Aurelian Byarugaba had swindled 170 million.

He was arrested and taken to anti-corruption court, he was later released but members were not highlighted on where the case ended from yet the losses in the SACCO are still accumulating.

Our efforts to get a comment from the current board members and management were futile as they harshly refused to talk to our reporter

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