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Many of these claim that their funds have been withdrawn without their knowledge.
Kasambya County MP, David Kabanda brought this matter to light during the PM’s questioning session of the plenary sitting. This sitting happened on Thursday, chaired by the deputy Speaker of Parliament, Thomas Tayebwa.
Additionally, Nabbanja asked the finance minister to present a statement on the issue threatening to wipe out public confidence in the financial sector.
“It is true and I have also seen the same media reports, people recording themselves in Equity Bank. Somebody was running up and down and the bank officers were not bothered. Even today morning I have seen these Kadamas (Ugandans working abroad), she has been out of the country in UAE, saved her 100 million with Centenary Bank and she said the money was withdrawn by unknown people. I’m going to inform Bank of Uganda so that they can investigate these allegations,” Nabbanja said
Meanwhile, David Muhoozi, the state Minister for Internal Affairs, has asked victims of the fraudulent acts to report the cases to police. He said this will assist in carrying out thorough investigations.
In similar news by NEWSLEXPOINT.com, Centenary Bank came out to confirm that it was one of their staff members who stole a client’s money.
It should be noted that the bank came under heavy criticism from the public yesterday after a client lost over 100 million shillings from her account with the bank.
Check also;
- Centenary Bank Confirms It Was Staff Member Who Stole Clients Money
- Insights Into Uganda’s Discussions With The World Bank
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
