IGIHE has learned that he has been under arrest for two weeks.
The current president of FERWACOTAMO, Daniel Ngarambe has announced that Ntaganzwa was arrested after an accounts inspection carried out by Rwanda Cooperatives Agency (RCA).
“He was detained after an audit conducted by RCA. He is suspected of embezzling cooperatives funds worth about Rwf200 million,” he said.
He said that pursuing those suspected of embezzling the motorcycle cooperatives will be a lesson to others who plan to do it.
About Rwf70 million of the money previously embezzled has been recovered.
Mismanagement of motorcycle cooperatives’ funds started coming to light in 2017, prompting RCA to inspect their accounts records and bringing to book those suspected of wrongdoing.
At the beginning of 2018, Ferwacotamo Secretary, Alex Uzayisenga was arrested for embezzling over Rwf6 million.
Leave a Reply