Panic as City vendors SACCO faces audit
The Mbarara Resident City Commissioner, Rtd Col. James Mwesigye has constituted a four-member committee to investigate the operations of vendors SACCO, which has remained inactive since 2014 yet members have never received any audit report of the SACCO.
According to Mwesigye, the committee will in one week’s time, investigate how the former leadership of the SACCO utilized UGX 60million allocated to the SACCO in 2011 by President Yoweri Museveni as a startup capital and other grants totaling at least UGX 50million which they received from other leaders.
The RCC’s ultimatum comes barely a week after vendors stormed his office, accusing the former leaders of the SACCO for sidelining with the City Principal commercial officer, Allan Buhanda to hold elections without availing them of audit reports which made them doubt the operations of the SACCO.
In response to the accusations levied against him, the former chairperson of the SACCO, Muhammad Nyombi, denied involvement in any funds mishandling. He insisted that the SACCO didn’t receive Emyooga funds as some vendors allege and that as the former leadership of the SACCO they are ready to be audited.
The SACCO in question was registered in 2010 and is known as Mbarara Central Market Vendors Savings and Cooperatives Organization Limited.