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Tag Archives: Walimu Sacco

Masqueraders return UGX3Bn stolen from teacher’s revolving fund

Kampala, Uganda | THE INDEPENDENT | The Criminal Investigations Directorate (CID) has recovered Shillings 3.8 billion that had been stolen by some suspects masquerading as teachers in government schools. The CID spokesperson Charles Twine, says that they also managed to intercept another Shillings 7.8 billion that was on an account in …

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Bududa teachers default UGX 100M Sacco loan

Bududa, Uganda | THE INDEPENDENT | Bududa Teachers Sacco has failed to pay back a loan of 100 Million Shillings from Walimu Cooperative Savings and Credit Union Limited. President Museveni gave Walimu Sacco 25 Billion Shillings as an initiative to help improve the teachers welfare. In 2017, over 150 teachers from …

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How teachers were duped into paying loans they never acquired

Kampala, Uganda | THE INDEPENDENT | The Criminal Investigations Department has identified cases of fraud and forgeries by managers of saving schemes that were meant to benefit from the teachers revolving fund. These were unearthed as part of the investigations into the embezzlement of 11 out of the 25 billion Shillings …

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