Thousands people in Kyaggwe County in Mukono district are yet to get justice for a massive fraud scheme orchestrated by a Kyaggwe County Sacco managers two years later.
At least 2000, depositors lost their savings in which had grown above Shs. 100 million when thSacco management misused the savings and consequently closing the office.
The Kyaggwe County Head Elijah Bogere Lubanga Mulembya , says that a huge number of complainants has overwhelmed them ever since they declared plans of revamping the Sacco.
According to Lubanga, they have directed the former Sacco Manager, Josephine Namatovu to present the necessary information to guide them to avoid past mistakes.
Moses Kyeyune, the Kyaggwe County General Secretary notes that they have so far received over 100 people claiming to have lost their savings in the defunct Sacco. He says that they have asked them to back their claim with evidence so that they devise means of sorting them out.
The former Sacco Manager, Josephine Namatovu could not be reached for comment on the matter, as her known mobile numbers could not go through.
He has advised the management of the Sacco to register it under the Kingdom Sacco ‘Ssuubilyo Zambogo Sacco’ for proper monitoring and accountability. According to the TIER 4 Microfinance and Money Lenders Regulations (2020), a Sacco is required to renew its membership seven months before the expiry date.
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