Deceased Ugandan MPs to be Pardoned Over Shs 421 Million Loans They Borrowed.

The Uganda Parliamentary SACCO is set to write off loans worth Shs421,373,441 acquired by 3 deceased MPs, including former Speaker Jacob Oulanyah who owed Shs294,918,413 at the time of his death. The others include; Rehema Wetongola Shs3,093,535 and Patrick Okabe Shs123,361,493.

"While reviewing the SACCO’s policy on administration of the loan protection fund, we noticed that it was in conflict with the Co-operatives statute which requires the loan of a deceased members to be written against the shares and credit balances that the members to the loans of the following deceased members and has proceeded to write off the following loan balances against the loan protection fund; Jacob Oulanyah Shs294,918,413, Rehema Wetongola Shs3,093,535 and Patrick Okabe Shs123,361,493,” explained Migadde.

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