In this association, villagers save money and distribute after an agreed period.
Kotido—24, December 2021: Members of different village savings and loans associations (VSLAs) in Kotido district have been urged to continue tightening their security in order to protect their savings.
Security chief say cash [saving] boxes have become the “target of the robbers” this festive season.
The Kotido district Police Commander (DPC) Moses Akena says it has become a common practice in Karamoja for a section of public to always organize themselves in a group called village savings and loan associations (VSLAs).
In this association, villagers save money and distribute after an agreed period.
Most savings associations in Kotido prefer saving at the beginning of New Year and distribute the money at the end of the year.
DPC Akena reveals intelligence reports show the robbers are targeting savings boxes. “They know that money has accumulated since it is the season for distribution,” he said on Tuesday.
“Police have also got reports of isolated break-ins where the money is kept and the thugs enter the house looking specifically for the savings box.”
The Police boss asks the groups to tighten security of the houses where savings boxes are kept to avoid frustrating the efforts they have made for a full year.
Akena further asked the public to spend wisely this festive season since schools are reopening immediately.
Early this month, thugs broke into a house in Entebbe zone, Kotido municipality and made away with a savings box containing an unspecified amount of money.
Discover more from tndNews, Uganda
Subscribe to get the latest posts sent to your email.