Ngororero: Another SACCO accountant held over embezzlement

An accountant at a credit and saving cooperative (SACCO) in Muhororo Sector of Ngororero District had been arrested for allegedly embezzling over Rwf2.7 million from the coffers. An accountant has taken 21 million in Hindiro SACCO of the same District in less than 2 years.

Following an internal audit carried out at Muhororo  SACCO,  Jacqueline Mbonyizanye was arrested on Thursday and is currently detained at Ngororero Police station.

“The audit found out that Mbonyizanye had actually received Rwf2, 787, 000, which she could, however, not explain circumstances under which it went missing from the coffers. As the prime suspect, she was immediately arrested as investigations are still underway,” CIP Theobald Kanamugire, Police spokesperson in Western Province, said.

“We call upon anyone with information that would supplement these investigations, or any other act related to corruption or embezzlement, to come forward and support efforts against such malpractices,” he said.

Under article 325 of the Rwandan penal code, any employee, who embezzles public or private property, funds,…shall be liable to a term of imprisonment of  7 to 10 years and a fine of 2 to 5 times the value of the embezzled or destroyed property.

Many SACCOs face similar challenges of thief

In average, 2 SACCO are embezzled each month. Apart from Muhororo, Kavumu and Hindiro in Ngororero, several other SACCOs faced similar problems or were attacked.

Kigali: Ndera, Jabana, Kimironko and Kinyinya of Gasabo

East: Nyagihanga/Gatsibo, Munyaga/Rwamagana, Kamabuye/Bugesera

North: Gitovu/Burera, Base and Burega of Rulindo, Rusasa and Kamubuga in Gakenke, Gicumbi

South: Byimana/Ruhango, Ngoma and Rwaniro/Huye, Rugendabari/Muhanga, Nyarubaka/Kamonyi, Kibirizi/Nyanza, Mata/Nyaruguru

West: Kivumu and Rusebeya in Rutsiro, Mururu/Rusizi, Rubengera/Karongi, Karengera in Nyamasheke.

Umurenge SACCOs main objective is to pool savings for the members and in turn provide them with credit facilities. In 2015, the economic commission of parliament visited 86 SACCOs countrywide, and noticed 10 big challenges, including embezzlement and insecurity.

click here to receive the updated news on facebook on twitter

Jean Baptiste Karegeya

Facebook Comments
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Top News

To Top