IRATE MONEYGROW CO-OPERATIVE MEMBERS REPORT FORMER BOARD MEMBERS TO THE POLICE - Copy

• On 12 September, 2023, accused board members published a fake financial status report of the Cooperative in News Diggers. 
• MoneyGrow Accountants have disowned the report as a fabrication & not generated by their department.
• Accused Board members attempted to illegally liquidate Cooperative without consulting members.
• The accused closed MoneyGrow offices & went into hiding from members.
• General Members petitioned Registrar of Cooperatives demanding for the removal of the accused & for the holding of general meeting
• Permanent Secretary, Small & Medium Scale Enterprises declared the proposed liquidation illegal and ordered an urgent Extra Ordinary General Meeting of members
• Members financed & held an Extra-ordinary members' meeting, elected a new Board and resolved to conduct a forensic audit.
• Accused board members are said to be withholding documents, computers & vehicles for cooperative & are trying to block the change of bank signatories.
• Accused Board members continue to siphon funds from cooperative whilst claiming cooperative's affairs are now in the hands of Registrar of Cooperatives.
• Annoyed members resolve to carryout citizen arrest

Drama is unfolding at MoneyGrow Cooperative as very annoyed members of the cooperative decided to report 3 former Board members to The inspector General of the Police for fraud and theft of cooperative property. 

In a report to the Inspector General seen by this reporter, MoneyGrow members have reported and are demanding for the arrest of Mr. Raphael Lubanga (a known PF cadre), Mwangala Chakalashi (a journalist known for her program, Ignite with Mwangala) and a Mr. Charles Liywalii, who worked as caretaker manager at MoneyGrow. 

What seem to have irked MoneyGrow members the most is that, despite the fact that the trio had bolted from MoneyGrow responsibilities by attempting an illegal closure of the cooperative, the trio are now resisting to handover documents and property belonging to the cooperative. This is after members unanimously decided to reject the proposed liquidation and went on to elect a new board. Guided by officials from Registrar of Cooperatives, it was found that in fact, the tenure of the old board had actually elapsed over a year ago.  The election of the new board was presided over by a senior official from Department of Registrar of Cooperatives which fully recognizes the newly elected Board. 

MoneyGrow members are raging with anger after discovering that whilst pretending they have handed everything in the hand of the Registrar of Cooperatives, the trio continued to siphon and misappropriate funds for the cooperative. Members have concluded that the trio deceptively wanted to use the fake liquidation process to hide their financial fraud. 

The uncompromising Members of MoneyGrow have since organised themselves to carry-out citizen arrests of the trio and recover the cooperative's property.

We are monitoring the unfolding events with keen interest and shall update our readers.