NEBBI. Police in Nebbi has launched an investigation into the alleged mismanagement of 40 million shillings given to Nebbi market vendors.

In 2011, through a presidential initiative, the market vendors were given Shs40 million to boast their business.

The money was to be used as a revolving capital by the vendors where they would borrow and later open a sacco to get easy loans to improve their businesses.

Mr William Sasa, who was the chairman of the market vendors by then, said when they received the money, many vendors borrowed and accumulated interests but it was mismanaged by leaders who came after his administration.

“When I was handing over office to Udika Liuse in 2013, there was shs16,405,000 in the bank account while the rest of the money was still with the vendors who had borrowed but now as I speak, there is completely nothing in the account”, he said.

He expressed optimism that police has taken over the matter which will help the beneficiaries to know the truth about the where about of their money.

Mr Jatex Janega Opio, the current chairman of Nebbi central market said that when he came to the market 8 years ago, he was elected as the secretary and their chairman, Mr Luise Udika by then never gave them a clear accountability of the money however much they try to demand.

“He left the market 2 years ago and we have been operating without a chairman and that is why most of these vendors are blaming us of mismanagement, when Udika came to hand over office, he only handed over the stamp”, he said.

Ms Jeros Ngamita, one of the vendors said all the former leaders should be investigated and if they are holding any position, they should step down because they are part of the people who may be implicated.

“That money was given to help improve our lives by offering cheaper loans but some people took it as a political reward and mismanaged it”, she stated.

Mr Christopher Omara, the residence district commissioner said he received complaints from some of the vendors about the money and directed the district police commander to start the investigations.

“We shall not allow some people to eat money meant to improve lives of all the market vendors, we are going to arrest them to serve as a lesson to those who think that money from the president is a reward”, he added.

The district police commander Nebbi Mr Bernard Mugerwa confirmed that investigations into the missing money had been launched.

NB; Use police logo for Photo