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Shock as UGX 4B Goes Missing on Makerere University Bank Account

David Mujuni by David Mujuni
7 years ago
in News
Reading Time: 2 mins read
MAK Ivory Tower before the fire.

MAK Ivory Tower before the fire.

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Following the resignation of Makerere University former bursar, Mr Augustine Tamale, there has been financial loss  of funds that the institution has incurred as evidenced in his hand over report (as reported by Daily Monitor).According to Tamale, at least more than Shs4.4 billion has been lost by the university which he said should be recovered.

Tamale’s hand over comes following a two-month notice dated April 4, which Mr Tamale wrote to the university management notifying them that he was going to leave office which he assumed in 2016, without giving any specific reasons.

According to his report, some university staff borrowed$82,225 (Shs306m) to carry out research and was supposed to be refunded after receiving their funds from donors which they never refunded up to present date.

Apparently, the university advanced $2,000 and $3,440 (Shs19.5m) separately for the Makerere University Regional Centre for Crop Improvement (MaRCCI), which is run by Dr Richard Edema, who has not returned to the university.

Another $5,305 (Shs19m) was advanced to a one Isa Mugabo and $38,660 (Shs143m) to several staff members under the Directorate of Research and Graduate Training ( DRGT) sponsored by the Swedish International Development Cooperation Agency (Sida) and was supposed to be recovered from the salaries of those individuals but to date, they have never been deducted.

Another $30,000 (Shs111m) was given to Dr Frank Mwine from the College of Veterinary Medicine, Animal Resources and Biosecurity (CoVAB) but has since not been paid. Shs10 million ($2,820) in research advance was given to Dr Eria Hisali, the principal of the College of Business and Management Science for his project on condition that he was going to refund it.

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“The above units were advanced project funds from the overhead account and are yet to refund the same,” the report reads in part, as of the pending issues.

The report also reveals that Makerere University Business School (MUBS) which is affiliated to Makerere still owes the institution more than Shs3.5 billion in functional fees which has accumulated since 2016/2017 academic year. Whereas Mr Tamale reminded management of MUBS to remit the money they owed Makerere threatening to block their students from graduating, all the funds have not been remitted, he said.

The report indicates that millions of money was also withdrawn from different accounts of the university account by different officials but no accountability was given for the money.

The report also reveals that Ms Jackie Ayorekire, then assistant bursar and now the manager grants and revenue, withdrew $63,500 (Shs236m) and $11,700 (Shs43m) between 2013 and 2015 respectively from the MUC project account without giving accountability.

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David Mujuni

David Mujuni

Journalist | Entertainment, Music Diehard. Hit me up

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