• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Lifestyle
Police’s oldest savings scheme celebrates 30 years

Police’s oldest savings scheme celebrates 30 years

January 25, 2020
How Afro Mobile is supporting the creatives and Arts industry

How Afro Mobile is supporting the creatives and Arts industry

February 7, 2023
Kenya starts teaching parents how to protect children online

Kenya starts teaching parents how to protect children online

February 7, 2023
Turkey declares three month state of emergency in earthquake affected area

Turkey declares three month state of emergency in earthquake affected area

February 7, 2023
Drug Authority warns public over pastor Kayanja “medicine”

Drug Authority warns public over pastor Kayanja “medicine”

February 7, 2023
Museveni, Ramaphosa to attend Uganda-South Africa business summit in Pretoria

Museveni, Ramaphosa to attend Uganda-South Africa business summit in Pretoria

February 7, 2023
Kayihura orders for arrest of any police officer moving alone with a gun

MPs question salary disparities in UPDF, puzzled with huge salaries of Generals who do “nothing”

February 7, 2023
Police say 80 year old Kasese “NUP supporter” was ADF agent; explain his death

Police say 80 year old Kasese “NUP supporter” was ADF agent; explain his death

February 7, 2023
Ask the Mechanic: 11 reasons the check engine light comes on  

Ask the Mechanic: 11 reasons the check engine light comes on  

February 7, 2023
Auditor General pins NSSF on suspense accounts

Auditor General pins NSSF on suspense accounts

February 7, 2023
Ibrahim Sekagya named as New York Red Bulls II head coach

Ibrahim Sekagya named as New York Red Bulls II head coach

February 7, 2023
Logo
  • News
    • Politics
    • Business
    • 2021 Elections Watch
      • The Election Podcast
    • Exclusive
    • Investigations
  • Education
  • Security
    • Cyber Security
  • Health
    • Coronavirus outbreak
  • Opinions
    • Columns
      • Parting Shot
      • Two Sides of a Coin
      • Bazanye’s Quick Shots
      • Mable Twegumye Zake’s #BitsOfMe&You
      • But this Year!
      • What Did I Miss?
  • Lifestyle
    • Hatmahz Kitchen
    • Food Hub
    • Let’s Talk About Sex
    • Entertainment
    • Tour & Travel
    • Love Therapist
    • Homes
  • Global
    • Africa
    • Asia
    • Middle East
    • Europe
    • The Americas
  • East Africa
    • Kenya
    • Rwanda
    • Tanzania
    • South Sudan
    • DR Congo
    • Ethiopia
    • Sudan
  • Technology
  • Ask the Mechanic
  • Special Reports
    • Kabaka Mutebi’s 25th Coronation Series
    • Focus on Somalia
    • Sino-Africa
    • Uganda at 56
    • Anti-Corruption Fight
    • Age Limit Map
    • Tuve Ku Kaveera
  • Sports
    • Place-It
    • StarTimes Uganda Premier League
    • Bundesliga
    • World Cup
  • Jobs
No Result
View All Result
Logo
No Result
View All Result
Home News

Police’s oldest savings scheme celebrates 30 years

The Police Savings Association Limited which the Police Force’s oldest saving scheme has celebrated 30 years of existence since its inception in 1989.

Kenneth Kazibwe by Kenneth Kazibwe
January 25, 2020
in News, Security
Reading Time: 3 mins read
0
Police’s oldest savings scheme celebrates 30 years

The Police Savings Association Limited which the Police Force’s oldest savings scheme has celebrated 30 years since its inception in 1989.

The function to celebrate the 30 years was held at Sharing Hall in Nsambya during its 30th Annual General Meeting on Friday.

Speaking during the meeting, the Inspector General of Police, John Martins Okoth Ochola, who is also a member, applauded the leadership of the scheme for steering it well to greater heights for the past 30 years.

“I would like to thank the board of directors for your open-handed support and dedication in advancing the cause of our officers. You are not only the backbone of savings in the force but also its heart and soul,” Ochola said.

He said that the main objective of forming the saving scheme was to collect, invest, protect and support police officers as one of the ways to respond to their personal challenges, a goal, the police chief said has been achieved.

AD-03 AD-03 AD-03
ADVERTISEMENT

Ochola, however, asked the leadership to stick to the scheme’s core values of integrity, transparency, and accountability but also a strong spirit of solidarity and mutual help towards police officers.

The Police Savings Association Limited chairperson, AIGP Edward Ochom underscored the role played by the scheme is improving the welfare of police officers.

“Salaries police officers are meager but when we save a small percentage of their salaries, we later lend them some money to help them develop. In the past, it was rare to find a police officer educating a child up to University but due to the money got from our scheme, many have been able to educate their children,” AIGP Ochom said.

He noted that many officers have bought plots, constructed houses and other bought cars for themselves after getting low-interest loans from the savings scheme.

“Our peak period where officers get loans is December, April and August to pay school fees and the scheme has helped them so much,” he noted, adding that in the year 2019, the highest amount loaned out was shs79 million to an individual police officer.

The saving scheme chairperson, however, decried some officers who retire without servicing their loans noting that as per now, they have money totaling to shs85 million in loans given out to officers who have since retired.

He noted that they have given instructions to the scheme’s lawyers to write to those retired members to pay back the loans or face court.

Those who have retired had over 85million.

The savings scheme

The Police Savings Association Limited started in 1989 as a welfare association for police officers and it was mandatory for every member of the force from the Inspector General of Police to the lowest rank to be part of it.

The scheme however developed some issues after grumbling from junior officers and in 2000, the Justice Julia Sebutinde Commission of inquiry into corruption in Police recommended that membership should be made voluntary.

In 2001, Ochola, who was the then Assistant Commissioner of Police in charge of Legal Affairs, recommended that the association be dissolved and members reapply to join voluntarily.

Consequently, membership dropped from14600 to only 700 members but later the number rose again to 2271 currently.

According to the saving scheme chairperson, AIGP Edward Ochom, they are worth shs16 billion because in assets including buildings and cash in banks.

However, in 2007 under Gen.Kale Kayihura’s reign as IGP, the police saw the creation of Exodus Sacco as another saving scheme which unlike the earlier one, was compulsory for every police officer to be a member.

A number of officers are members in both savings schemes.

 

 

 

Tags: edward ochomExodus SaccoJohn Martins Okoth OcholaThe Police Savings Association LimitedugandaUganda PoliceUgandan News
ShareTweetSend
Previous Post

Police Marine Unit says it is still  ill-equipped

Next Post

PLE: Kampala Parents School toasts to success

Kenneth Kazibwe

Kenneth Kazibwe

Related Posts

Drug Authority warns public over pastor Kayanja “medicine”

Drug Authority warns public over pastor Kayanja “medicine”

by Amon Katungulu
February 7, 2023
0

The National Drug Authority (NDA) has warned members of the public to beware of a fake acaricide named ‘Tickoff’ being ...

Museveni, Ramaphosa to attend Uganda-South Africa business summit in Pretoria

Museveni, Ramaphosa to attend Uganda-South Africa business summit in Pretoria

by Kenneth Kazibwe
February 7, 2023
0

Presidents Museveni and Cyril Ramaphosa are set to attend the forthcoming Uganda-South Africa business summit to be held in Pretoria...

Kayihura orders for arrest of any police officer moving alone with a gun

MPs question salary disparities in UPDF, puzzled with huge salaries of Generals who do “nothing”

by Shamim Nabakooza
February 7, 2023
0

Members of Parliament who sit on the Defence Committee are concerned with the unfairness in salary enhancements of the Uganda...

Police say 80 year old Kasese “NUP supporter” was ADF agent; explain his death

Police say 80 year old Kasese “NUP supporter” was ADF agent; explain his death

by Kenneth Kazibwe
February 7, 2023
0

Police have come out to explain circumstances under which an 80 year old man who had earlier been arrested from...

Next Post
PLE: Kampala Parents School toasts to success

PLE: Kampala Parents School toasts to success

ADVERTISEMENT
  • Trending
  • Comments
  • Latest
How fake female UPDF colonel was undressed

How fake female UPDF colonel was undressed

February 3, 2023
Museveni: Why I promoted Muhoozi Kainerugaba

Muhoozi, Saleh, Nadduli retained as Museveni appoints new advisors

February 7, 2023
Matua: Minister Amongi gave me evidence to pin NSSF rot

Who is Richard Matua: the NSSF petitioner? 

February 4, 2023
How Afro Mobile is supporting the creatives and Arts industry

How Afro Mobile is supporting the creatives and Arts industry

February 7, 2023
Kenya starts teaching parents how to protect children online

Kenya starts teaching parents how to protect children online

February 7, 2023
Turkey declares three month state of emergency in earthquake affected area

Turkey declares three month state of emergency in earthquake affected area

February 7, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Careers
Call us: +256-417-720-101
Email: [email protected]

© 2020 Nile Post Uganda Ltd. - A Next Media Services Company.

No Result
View All Result
  • News
    • Politics
    • Business
    • 2021 Elections Watch
      • The Election Podcast
    • Exclusive
    • Investigations
  • Education
  • Security
    • Cyber Security
  • Health
    • Coronavirus outbreak
  • Opinions
    • Columns
      • Parting Shot
      • Two Sides of a Coin
      • Bazanye’s Quick Shots
      • Mable Twegumye Zake’s #BitsOfMe&You
      • But this Year!
      • What Did I Miss?
  • Lifestyle
    • Hatmahz Kitchen
    • Food Hub
    • Let’s Talk About Sex
    • Entertainment
    • Tour & Travel
    • Love Therapist
    • Homes
  • Global
    • Africa
    • Asia
    • Middle East
    • Europe
    • The Americas
  • East Africa
    • Kenya
    • Rwanda
    • Tanzania
    • South Sudan
    • DR Congo
    • Ethiopia
    • Sudan
  • Technology
  • Ask the Mechanic
  • Special Reports
    • Kabaka Mutebi’s 25th Coronation Series
    • Focus on Somalia
    • Sino-Africa
    • Uganda at 56
    • Anti-Corruption Fight
    • Age Limit Map
    • Tuve Ku Kaveera
  • Sports
    • Place-It
    • StarTimes Uganda Premier League
    • Bundesliga
    • World Cup
  • Jobs

© 2020 Nile Post Uganda Ltd. - A Next Media Services Company.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?