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Farmers petition Minister Kyambadde Over Mafabi’s failure to publish BCU accounts

A letter that was written by the Bugisu Cooperative Union petitioning the Ministry of trade,Industry and Cooperatives.(Photo by PML Daily)

MBALE-Members of Bugisu Cooperative Union (BCU) have protested Nandala Mafabi’s failure to account for the transactions by the union during his tenure.

A group of 30 coffee farmers from Mbale petitioned the Ministry of Trade, Industry and Cooperatives Thursday over the same issue.

In their petition, the group which described themselves as the undersigned representatives of the member societies and delegates to BCU Annual Delegates Meeting, which constitutes the Supreme Authority of BCU say they are concerned about the current state of affairs of the union.

“As you know, the trading year for BCU Ltd for 2017 ended on 31st December, 2017 and its audited accounts for the year should have been presented to the members by 31st March, 2018. This has not been done as of 20th day of June 2018, 3 months later and there is no sign that the AGM will be held,” reads the petition in part.

A letter including names of undersigned BCU members.(Photo by PML Daily)

It’s thus against this background that the farmers have rushed to the Minister to intervene.

“You are well aware that an AGM is a statutory meeting meant to give members accountability of the Union’s financial operations and state as at the close of the financial year. The duty to publish the present annually audited books lies with its board. The Board has not given any explanation to the members on why it failed to publish and present audited accounts within three months as stipulated by the law.

“And there is clearly no genuine reason to satisfy you, the Registrar. We are left wondering whether the Board is “cooking up” the accounts of the Union. We are aware that the law puts you at the center of cooperative governance with powers to regulate, supervise and to ensure that BCU Ltd is managed in accordance with the law.”

They now want the Ministry to convene a Special General Meeting of the union so that they elect a new board since the current one is deemed to have left office.

“The government is trying to revive cooperatives but how can you revive cooperatives if the law is not followed?” wondered Paul Mugoya, who led the delegation of coffee farmers.

 

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