By Businessman Muhandiki Andrew has been arraigned before the Buganda Road Chief Magistrate’s Court on charges of theft related to the fraudulent withdrawal of Shs815 million from the Uganda Liberal Teachers Savings and Credit Cooperative Society (SACCO).
Muhandiki was on Tuesday charged by the State House Anti-Corruption Unit, working jointly with the Criminal Investigations Directorate (CID) and the Office of the Director of Public Prosecutions (ODPP). He was remanded until January 14, 2026.
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According to the prosecution, Muhandiki, together with others still at large, in May 2025 fraudulently withdrew Shs815 million from the teachers’ SACCO account without the consent or authorization of the society’s members.
Court heard that the accused entered into a fictitious service agreement with former leaders of the SACCO described as his accomplices who purported to contract him on behalf of the teachers’ cooperative to develop land in Kyangwali District.
Prosecutors allege that the land, said to measure approximately 500 acres and valued at Shs2.75 billion, was later found to be non-existent. Investigations further revealed that the same former SACCO leaders had falsely claimed to have purchased the land using SACCO funds.
The prosecution stated that the fraudulent arrangement was used as a cover to illegally siphon money belonging to the teachers’ SACCO, thereby depriving members of their savings.
Muhandiki’s arrest and arraignment bring the number of suspects in the case to several, including the former chairperson, secretary, and other officials of the SACCO who were earlier charged over the misappropriation of more than Shs3.6 billion.
The stolen funds form part of the Shs20 billion that was allocated by President Yoweri Museveni to teachers’ SACCOs across the country as a government intervention aimed at improving the welfare of teachers.
The case is part of ongoing investigations into alleged large-scale abuse of public and cooperative funds within teachers’ savings groups.
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