The State House Anti-Corruption Unit, in collaboration with CID1 and the Office of the Director of Public Prosecutions (ODPP), on Tuesday arraigned businessman Andrew Muhandiki before Buganda Road Chief Magistrate’s Court on charges of theft.
He has been remanded until January 14, 2026.
Muhandiki, together with other accomplices still at large, is accused of defrauding the Uganda Liberal Teachers Savings and Credit Cooperative Society (SACCO) of UGX 815 million in May 2025 in Kampala.
The funds were allegedly withdrawn from the SACCO account without authorization.
According to court documents, Muhandiki entered into a fraudulent agreement with the former SACCO leaders, who purportedly contracted him to develop land in Kyangwali measuring approximately 500 acres. The SACCO leaders claimed to have purchased the land for UGX 2.75 billion, but investigations revealed that the land did not exist.
Muhandiki joins the chairperson, secretary, and other SACCO officials who were earlier charged for misappropriating over UGX 3.6 billion—part of a UGX 20 billion fund granted by H.E. the President to improve the welfare of teachers through their SACCOs.
The case is ongoing, and authorities are continuing investigations to trace the other suspects involved in the scheme.
