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Two Remanded Over Teachers SACCO Billions

Corruption

by Newsday Author
March 7, 2025
in News
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Two Remanded Over Teachers SACCO Billions
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By Angel Lubowa

Buganda Road

Two officials from the teachers SACCO have been charged before courts of the law.

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The two were recently arrested by the State House Anti corruption unit working together with Uganda police and the office of the DPP respectively.

Mr Mutesasira Evans Kaganizo, the Chairperson, Uganda Liberal Teacher’s Union Members SACCO and Esiingwa Hassan Maganda, a business man and director, Hansem Technical Services Limited were Thursday afternoon arraigned before the Buganda Road Chief Magistrates Court on charges of obtaining money by false pretence and Conspiracy to defraud over UGX 1. 35 Billion.

Court heard that the chairperson and others still at large misappropriated over UGX 3.6 Billion, part of UGX 20 Billion that was granted to Teachers’s SACCOs by H.E the President to improve their welfare.

Upon receipt of the money, the SACCO Chairperson together with Twinomujuni Nathan Kakson, the Secretary, embarked on various activities including; purchase of land in Kiira Municipality at UGX 1.3 Billion, Purchase of unidentified 500 Acres of land at Kabwoya, Kyangwali in Kikuube district at UGX 2.75 Billion from Hansem Techinical Services and motor vehicles worth over UGX 250 Million.

An installment of UGX 1.35 Billion part of the UGX 2.75 Billion for the unidentified 500 Acres of land was paid on the account of Hassan Maganda on 16 December, 2024.
They have been remanded till 19/03/2025

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