Microfinance bosses

Microfinance bosses accused of embezzlement of 10.8 billion granted bail

Four people including three Uganda Microfinance support center staff and a teacher who are accused of embezzlement and conspiracy to defraud government of 10.8 billion shillings that was meant for teachers have been granted bail.

Microfinance bosses accused of stealing 10.8 billion shillings

The money they allegedly embezzled fund was a loan fund that president Museveni gave the teachers in 2011 as a grant. Anti-corruption court Grade1 magistrate Moses Nabedde granted them bail but banned them from accessing their offices to allow the state to conclude investigations.


The prosecution alleges that between November 2019 and August this year while in the performance of their duties John Peter Mujuni the Executive Director, Mwebembezi John, the Head of Finance and Administration together with Birungi Julia the Assistant Credits officer stole the 10.8 billion shillings, a property of the government of Uganda.

The teacher Assimwe Joan Baryaruha is alleged to have conspired with the three staff of the Uganda Microfinance Support Center to defraud the government of the said money. They deny the allegations.

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They have been ordered to deposit their travel documents and land titles valued at 500 million shillings with the court while the surities have also been bonded. A sum of 500 million shillings, not cash to ensure that the accused persons return to court on the 24th of this month.

Read Also; https://xpressvoices.org/uganda-needs-more-gender-sensitive-funds-for-women-in-business/

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