Shocking! How Fake Land Deal Drained Shs815m From Teachers’ SACCO | Businessman Muhandiki Arrested!

By Swift Reporter

A businessman has been remanded to prison after being charged with theft of more than Shs815 million from the Uganda Liberal Teachers Savings and Credit Cooperative Society (SACCO).

Mr Muhandiki Andrew was on Tuesday arraigned before the Buganda Road Chief Magistrate’s Court following joint investigations by the State House Anti-Corruption Unit, the Criminal Investigations Directorate (CID), and the Office of the Director of Public Prosecutions (ODPP).

Court heard that Mr Muhandiki, together with others still at large, fraudulently withdrew Shs815 million from the SACCO’s bank account without authorisation in May 2025 in Kampala.

According to the prosecution, the accused colluded with former leaders of the teachers’ SACCO to siphon the funds through a fictitious service agreement. Under the arrangement, Mr Muhandiki was allegedly contracted to develop about 500 acres of land in Kyangwali, which the SACCO leaders claimed had been purchased at a cost of Shs2.75 billion.

However, investigations later established that the land in question did not exist, rendering the agreement fraudulent.

The court further heard that the withdrawn funds belonged to the Uganda Liberal Teachers SACCO, which was among several teachers’ cooperatives that benefited from a Shs20 billion government grant aimed at improving the welfare of teachers. Part of the funds, amounting to more than Shs3.6 billion, was allegedly misappropriated.

Mr Muhandiki now joins the former chairperson, secretary, and other SACCO officials who were earlier charged in connection with the misappropriation of the funds.

The accused was remanded until January 14, 2026, as investigations into the matter continue. The case is part of ongoing efforts by government agencies to crack down on corruption and protect public funds meant for the welfare of teachers.