Businessman Muhandiki Andrew has been arraigned before the Buganda Road Chief Magistrate’s Court on charges of theft linked to the alleged misappropriation of funds belonging to the Uganda Liberal Teachers Savings and Credit Cooperative Society (SACCO).
The arraignment was conducted by the Anti-Corruption Unit in collaboration with the Criminal Investigations Directorate (CID) and the Office of the Director of Public Prosecutions (ODPP). Muhandiki was remanded until January 14, 2026, as investigations continue.
According to prosecutors, Muhandiki, together with accomplices who are still at large, in May 2025 fraudulently withdrew UGX 815 million from the teachers’ SACCO account without authorisation.
The state alleges that the accused entered into a fraudulent services agreement with former leaders of the SACCO, under which he was purportedly contracted to develop land in Kyangwali District measuring approximately 500 acres.
Investigations, however, revealed that the land in question—allegedly purchased by the SACCO at UGX 2.75 billion—did not exist. Authorities say the fake agreement was used as a cover to siphon funds from the SACCO.
Muhandiki now joins several former SACCO officials, including the chairperson and secretary, who were earlier charged over the misappropriation of more than UGX 3.6 billion. The amount is part of the UGX 20 billion that was reportedly granted to teachers’ SACCOs by President Yoweri Museveni to improve teachers’ welfare.
The Anti-Corruption Unit has reiterated its commitment to holding accountable individuals involved in the misuse of public and cooperative funds, as efforts to recover the stolen money and apprehend other suspects continue.
