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Police SACCO struggling with massive withdrawals

Kampala, Uganda | THE INDEPENDENT | The continuous withdrawals by police officers are posing a significant threat to the existence of Exodus Savings and Credit Cooperation Organization (SACCO). Established in 2007 during the tenure of Gen Edward Kale Kayihura as Inspector General of Police (IGP), the Exodus SACCO aimed to …

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MPs question police bosses over management of Exodus Sacco

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Internal Affairs, Gen. David Muhoozi has said that members of the Police’s Exodus Savings and Credit Cooperative (SACCO) are restricted from withdrawing their savings due to liquidity challenges. Muhoozi was on Tuesday appearing before Parliament’s Defense and Internal Affairs Committee, …

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Tayebwa directs for inquiry into police SACCO

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament, Thomas Tayebwa, has directed the Committee on Defence and Internal Affairs, to investigate the alleged fraudulent operations of the Uganda Police Savings and Credit Co-operative Organisation (SACCO), Exodus. Tayebwa and fellow legislators gave accounts of responses from police officers, complaining …

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Deputy Speaker calls for audit of police Sacco

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker Anita Among has directed the Auditor General to investigate Exodus, a Uganda Police SACCO after Members of Parliament cited irregularities in its operations. Among said the situation in which police officers were living was bad and that encroaching on their savings called …

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Police Exodus sacco creates banking hall to end chaos

Kampala, Uganda | THE INDEPENDENT | Police’s Exodus Savings and Credit Cooperative organisation (Sacco) has established a banking hall to ease the process for police officers seeking to access their funds. The decision follows spates of chaos at the police headquarters Exodus Sacco offices arising out of lengthy queues and the …

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