The Chairperson of the Kashari South Youth Emyooga Savings and Credit Cooperative organization has been taken into custody.
Victor Twinomugisha was apprehended on Thursday under the orders of Mbarara Resident District Commissioner, Emmy Katera Turyabagyenyi.
This action was prompted by grievances raised by members of the SACCO, who alleged that Twinomugisha withdrew 30 Million Shillings from the association’s account in the year 2022.
It is claimed that Twinomugisha withdrew this money with the promise of distributing it among the members.
Katera stated that they are committed to exploring all possible avenues to ensure the recovery of the funds.
One of the members of the Kashari South Youth Emyooga SACCO, James Kamukama, conveyed that they have been urging Twinomugisha to reimburse the money since 2022.
Kamukama also expressed the group’s desire for the police to conduct an investigation into how Twinomugisha managed to withdraw funds from the account without the knowledge of other authorized signatories, including the treasurer.
Adams Bweisho, the district focal person for the Emyooga program, disclosed that they have been able to reclaim only 300 Million Shillings out of the total disbursement of over one billion Shillings that was allocated to the district.
He further explained that they have instituted strategies to recover more funds.
These strategies include collaborating with officials from the Microfinance Support Center and the district security committee to undertake monitoring, sensitization, and the apprehension of those who default.
Notably, Mbarara district received 1.12 Billion Shillings which was distributed among 36 Emyooga Saccos; however, no funds have been recuperated thus far.
These 36 Savings and Credit Cooperative Societies are distributed between two constituencies, namely Kashari South constituency and Kashari North constituency.