Earlier this year, the government availed 22 billion Shillings to be injected in several Savings and Credit Cooperatives across the country to enable teachers to invest in income-generating activates.
The money was to be given out in form loans at an interest rate of not more than 12 percent per annum as a measure to enable teachers to counter the financial impact of the COVID-19 pandemic that drilled holes in their pockets as the majority had to be laid off due to the temporary closure of academic institutions to avoid the spread of Coronavirus.
However, it has come to our attention that teachers’ hope to receive the money hangs in balance as the money is said to have disappeared in thin air. It is alleged that this money has been mismanaged by the Micro Finance Support Center where this money was deposited for the teachers’ distribution and use.
In fact, we have learned that the CID has detained the executive director of the Micro Finance Support Center, Mr. John Mujuni, and its Finance Director, Mr. John Mwebembezi on charges of misappropriation of 10 Billion as confirmed by Mr. Charles Twine the Spokesperson C.I.D.
From this, it is evident that the state still has a lot to do in regards to solving the issue of corruption in its agencies.