19.2 C
Kampala
spot_imgspot_img

CID Questions Abitex Over Alleged Mismanagement of UGX 1.5 Billion Presidential Fund

Date:

Share:

Prominent Ugandan events promoter Abbey Musinguzi, popularly known as Abitex, appeared before the Criminal Investigations Directorate (CID) and the State House Anti-Corruption Unit (SHACU) on Monday, February 9, 2026, for questioning over the alleged mismanagement of UGX 1,500,000,000.

The funds were disbursed by President Yoweri Kaguta Museveni in January 2026 as a revolving loan to the Uganda Music Promoters SACCO (UMPS), aimed at supporting music promoters nationwide through accessible credit and business growth.

Investigations allege that Abitex, in collaboration with certain promoters, misappropriated portions of the money without distributing shares equitably to all eligible members as stipulated by the SACCO’s guidelines.

The probe centres on claims of swindling, favouritism, and failure to account for the revolving facility intended to benefit the wider promoter community.

A letter circulating widely on social media, purportedly from SHACU, summoned Abitex to appear at the President’s Office, Parliament Building, 4th Floor, on February 9 at 9:00 am. The communication, issued jointly by CID and SHACU, stated:

“The Criminal Investigations Directorate (CID) in liaison with State House Anti-Corruption Unit (SHACU) is conducting investigations into allegations of mismanagement of funds amounting to UGX 1,500,000,000 given by H.E. the President as a revolving fund to Uganda Music Promoters SACCO (UMPS) in January 2026.”

Other individuals invited for questioning include Mayanja Godfrey, Kawenja Yasin, and Kafeero Musinguzi, who are believed to be linked to UMPS leadership or fund disbursement processes.

The development has sparked intense debate within Uganda’s entertainment industry, with promoters expressing concerns over transparency in government-supported initiatives.

Authorities have not yet released detailed findings or charges, but the high-profile summons underscores growing scrutiny of financial accountability in creative sector support programs.

Abitex, a key figure in Uganda’s concert and events scene, has remained silent publicly as investigations continue.

━ more like this

President Museveni sworn in as President of Uganda.

President Museveni has been sworn in as president of Uganda for the seventh term. The swearing-in ceremony conducted by the Chief Justice, Dr.Flavian Zeija was...

Over 400 Professionals Convene for Landmark “Talent Without Limit” Career Fair in Ntinda

The grounds of the Uganda School for the Deaf in Ntinda were transformed into a vibrant hub of professional exchange last Thursday as the...

U.S. Embassy Launches ‘Freedom 250’ Campaign to Mark 250 Years of Independence

The United States Embassy in Uganda has officially launched Freedom 250: The American Edge, a year-long campaign marking America’s 250th anniversary of independence and...
spot_img