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BUSINESSMAN ARRESTED AND REMANDED IN 800M TEACHERS MONEY

by Newsday Author
December 23, 2025
in News
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By Angel Lubowa

KaMPALA

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A City businessman who was recently arrested by the no nonsene SHACU working together with Uganda police and the DPP’s office has been charged and remanded over his alleged actions.

Muhandiki Andrew was Tuesday ,December23,2025 charged before the Buganda Road Chief Magistrate’s Court on charges of theft. He denied the charges and was remanded until 14 January 2026.

Court heard tha Muhandiki, together with others still at large, in May 2025 in Kampala City, fraudulently took UGX 815,000,000 belonging to the Uganda Liberal Teachers Savings and Credit Cooperative Society by withdrawing it from the SACCO account without permission.

Its alleged that Muhandiki entered into a fake agreement for services with the former SACCO leaders (his accomplices) in which they purported to have contracted him on behalf of the teachers SACCO to allegedly develop land in Kyangwali measuring approximately 500 acres that the same SACCO leaders had purportedly bought at UGX 2.75 Billion but the land was also found to be non existent.

The accused joins the chairperson, secretary and others who were earlier charged for the misappropriation of over UGX 3.6 Billion, part of UGX 20 Billion that was granted to Teachers’s  SACCOs by H.E President Yoweri Museveni to improve their welfare.

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