By Spy Uganda
Several senior police officers are being investigated over allegations that they pocketed billions of Shillings from Exodus Cooperative Savings and Credit Society Ltd (SACCO), a police savings group, which they have since failed to account for or refund.
Worse still is that the biggest percentage of this money was savings by junior policemen and women, who are now crying foul because the SACCO is bankrupt, which prompted Members of Parliament to institute investigations into the matter, after MPs discovered that over Shs8Bn had disappeared in thin air.
While appearing before Parliament today, Hon. Obiga Kania the State Minister of Internal Affairs noted that concerns of the mismanagement of funds and poor management of the Police are being investigated after which he will report back to Plenary.
This came after Hon. James Waluswaka raised a matter of national importance regarding the mismanagement of funds and the bureaucracy at the Uganda Police Exodus Cooperative Saving and Credit Society Ltd ( SACCO).
He said that the books of accounts for the SACCO are missing, and the managers claim they have looked everywhere for them but failed any book, making it very difficult for auditors to conduct a forensic audit of the SACCO.
Police officers who work under Exodus revealed to us that over Shs8Bn, have been missing in the Sacco and this is the reason why officers are not receiving their savings.
“The SACCO is in crisis of over Shs8Bn. It was taken by top police bosses whom we can not reveal and they have not refunded it. So at the moment officers can not receive their savings because it is not there,”, said a police officer who works in SACCO.
Sources from Exodus added that they have failed to hold annual general meeting for three years because they can not explain how that money was swindled.
“Police SACCO used to have annual general meeting but now it is three years and we have not held any meeting because we can not explain how Shs 8 billion was swindled,” added another police officer.
Lt. Col. Edith Nakalema, who heads the State House Anti-Corruption Task-force, has since undertaken another investigation into the operations of Exodus SACCO to establish which officer received how much of the missing Shs8Bn.
