The Report at a glance. This is the money we lost to scavengers who were members of the former board, the reason Wamulugwa does not want the Union functioning and wise board taking charge! FINANCIAL LOSS: From the audit done, this is what was stolen by the former Wamulugwa board: A. 30.09.1996 - unexplained differed expenditure=248,804,727 B. 30.09.1996 - 30.09.2005 - Bad debts and rental debtors=726,458,406/- C.08.2003 - 05.2004 - suspicious debt payments=3,865,363,532/- D. 30.09.2005 - wash out costs =573,013,344/- E. 30.09.2005 - Perennial stock losses - 935,915,560/- The union lost money due to lack of TRANSPARENCY and EFFECTIVE systems. This is why we are fought, the Union has a lot to offer Bamasaaba! When you add up the above, how much do you come up with? If i were there chairman now, those fellows would receive criminal surmons now! I would ensure i arrest Wamulugwa and whoever ate what belongs to the farmers! I would clean BCU now by firing all the staff there and institute a new recruitment drive of clean staff! They are accomplices in swindling farmers money and frustrating effort of farmers to educate their children and living better lives befitting a farmer!
Posted on: Wed, 19 Mar 2014 15:05:16 +0000
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