During a crisis meeting convened by Masaka Deputy Resident District Commissioner, Captain John Kaddu held at Patel Shamij hall in Masaka town on Monday, the delegates demanded for Nabaggala’s dismissal for gross mismanagement of their cooperative.
Ntambaazi, the Board Chairperson of Masaka Elders’ Savings and Credit
Cooperative-SACCO limited is in trouble for alleged mismanagement and causing
financial loss to the society.
The SACCO delegates
have dragged Nabaggala to the office of Masaka Resident District
Commissioner-RDC accusing her of running down the SACCO and manipulating the
internal financial management systems to fulfill her selfish gains.
During a crisis
meeting convened by Masaka Deputy Resident District Commissioner, Captain John
Kaddu held at Patel Shamij hall in Masaka town on Monday, the delegates
demanded for Nabaggala’s dismissal for gross mismanagement of their
Trouble for Nabaggala started in March this year when she took a lone decision
of suspending the SACCO manager and failed to convene the Annual General Meeting
to present the financial status of the cooperative.
Swaibu Makumbi, one of
the delegates accuses Nabaggala of spending the SACCO finances without a work-plan
and board approval. Harriet Kigambisa, another delegate and founding members of
the SACCO also accuses the board chairperson of running the cooperative on
cliques and deliberately rejecting counsel from other board members.
She wants Nabaggala to refund all the monies she has spent without a work plan
and knowledge of board members.
//Cue in: “Bwetuba
Cue out; ……police buli lunaku.”//
Joseline Nalubowa, one of the board members accuses Nabaggala of deliberately
creating rifts within the SACCO management to for her selfish interests. She says those in her clique are fond of forging the signatures of delegates to
falsify board minutes and have since turned hostile against all forces that
seek to correct the mess.
Samuel Mutebi Wasajja, the Masaka Elders’ Savings and Credit Cooperative Board
Vice Chairperson also told the meeting that he and other members chose to
distance themselves from the SACCO management after it was captured by a clique
that doesn’t listen to advice.
Captain John Kaddu, the Masaka Deputy Resident District Commissioner has
instructed Joseph Mugerwa and Wasswa Ssempijja, the Commercial Officers of
Masaka Municipality and Masaka district respectively to take over the SACCO
management and save it from imminent collapse.
//Cue in: “Engeri board…..
Cue out:……bireme kuggwa.”//
Margret Nabaggala Ntambaazi, the embattled SACCO board chairperson has denied
any involvement in the alleged financial impropriety. She has pleaded with the
delegates to wait for the auditor to review their books of accounts and report
to the members.
//Cue in: “Okusonyiwagana……
Cue out; ………okubatuusa kw’ekyo.”//
Masaka Elders’ SACCO
was established in 2006 to primarily attend to the emerging financial needs of elderly
persons in the eights of greater Masaka sub region.