By Spy Uganda Investigations Team
Yesterday we exclusively broke the news that no-nonsense Police detectives from Kibuli CID Headquarters swung in action like Afghan commandos and picked the managing Director Uganda Printing and Publishing Corporation (UPPC) professor Tom Wasswa Davis for allegedly siphoning over Ugx 3billion corporation money.
Our Spy has since intercepted the communications linking how the professor managed to siphon shs3billion from the company account and paid himself as a commission agent for bringing business to the company.
According to transaction details our spy has intercepted, UPPC legally received shs 9billion from Electoral Commission via the official company’s bank accounts to gazette the 2021-2026 electoral roadmap and the successfully elected leaders from the general elections.
However, using his influence as Managing Director of the corporation, prof. Tom Wasswa Davis managed to create a proxy commission agent, for whom a hefty of shs 3billion was withdrawn allegedly to pay his commission from the sh9b business deal. The money was successfully withdrawn with pretext of paying the proxy commission agent, but ended up in the sharp ‘jaws’ and deeper pockets of the professor!
But more mind-boggling is that, after prof. receiving this Ugx3b, the proxy ‘commission agent’ was paid a paltry ugx3million as his share, there by the ‘elephant’ taking the rest.
We’ve also learnt that this poor ‘commission agent’ had to share this sh3m with the rest of his ‘colleagues’ in the chain, which he religiously did.
Important to note also, is that, according to UPPC Act, the law doesn’t allow payment of any sort of commission Agents for any business brought to the corporation by any individual either working with the corporation or from outside the corporation. It prohibits such transactions, just like Toyota Uganda.
According to our spy following the matter, the professor was delivered at Kibuli CID yesterday and is still being detained pending further investigations.
Our sources further revealed that so far several former board members have since been interrogated and given bond, although some are yet to appear on account of being sick or havng traveled, our source added.
UPPC is a public enterprise fully owned by Uganda Government. It was established in 1992 by the UPPC Act, Cap 330. Section 2(2) of the UPPC Act, which provides that, the Corporation shall be a body corporate with perpetual succession and a common seal, and may sue or be sued in its corporate name.
The Corporation started out as the Government Printer under the British Colonial Government in 1902, which makes it 119 years old today. In 1962 the department remained under the office of the President, being funded by public funds allocated under the Government printer vote. Its main role at the time was to supply stationary and provide printing and publishing facilities to all Government ministries and departments.
But due to the important role played by the Corporation in the printing of all Bills, Statutes and Official Gazette, Cabinet classified it under Class I among those public bodies that Government had to retain full ownership of.
Beginning March 2021, Uganda Printing and Publishing Corporation (UPPC), jointly with Uganda Security Printing Company (USPC) took over the services of printing and issuing of driving permits and passports from South Africa’s Face Technologies whose contract expired on February 28, 2021.
UPPC executed a Joint Venture Agreement on October 4, 2018, with Veridos GmbH and Giesecke + Devrient GmbH, a consortium individually represented by Veridos GmbH, a company incorporated under the Laws of Germany now represented in Uganda under Uganda Security Printing Company Limited (USPC).
Government via UPPC owns 51 per cent of its shareholding while Veridos GmbH via USPC owns 49 per cent.
Watch the space for more developments on this…..
