Police chief disregards MPs’ recommendations regarding Police Sacco
Deputy Inspector General of Police Maj. Gen. Geoffrey Tumusiime Katsigazi has ordered the Police Exodus Sacco to continue operations in spite of demands from members of parliament and certain police offices to stop Sacco deductions until audits have been completed.
According to Maj Gen Tumusiime, it will be disastrous for a police officer and his family in the long run if they are unable to obtain loans due to the fact they didnt save with the Sacco or they withdrew all their savings from the Sacco
Maj Gen Tumusiime noted that, “Some of our leaders and opinion leaders, who claim to be friends of police offficers, tell them that this Sacco is wasting their money because they arent allowed to withdraw all their savings”.
He added that, “If you withdraw all the savings, it means you are left with zero on your account. It is very dangerous to you and your family”.
Last month, the parliament’s committee on defense and internal affairs ordered Exodus Sacco to stop deducting money from police officers’ salaries right away. This is until the registrar of cooperative societies completes a membership audit.
The investigation was prompted by complaints from a few Sacco members who claimed there were anomalies in the organization’s management and that their ability to withdraw a certain percentage of their savings was being restricted.
Savings are painful, similar to military training, Maj Gen Tumusiime said, especially considering the pitiful pay security guards receive, but “those funds are very helpful in the future of the officers”.
“When you have retired from the police or when you have encountered a challenge that requires financial push in the future, you know that i have an account where I can run to and get finances or a loan,” Maj Gen Tumusiime said.
He implored the leaders to let the officers make salary savings.
Senior Commissioner of Police (SCP) Wilson Omoding, the chairman of the Police Exodus Sacco, reported that the Sacco’s total assets had grown from Shs 59.5 billion in 2022 to Shs 70.7 billion in 2023.
