Home » Breaking News, Uganda News » PAC Investigates Shs40Bn Lost Under Banana Project

By Suzan Kabarwani

After the halted OPM Probe early this week ,the Public Accounts Committee on Thursday kicked of an  another investigation in a  Banana Project in which  the Government invested 40  billion shillings

The project was established under the Presidential initiative on Bananas to provide rural farmers with access to processing and value addition. A report by the Auditor General indicates that there has been no value for money since the year 2005.

Banana

The committee is set to interrogate all the leaders who were entrusted with this project first staged in Western Uganda .The officials will have to explain the value of the funds since research shows that little was done.

The chairperson of the committee Wadri Kassiano  early this week  was  quoted saying  that when the committee is done with the banana project, it will continue with other value for money audits like the fisheries project on Lake Victoria and the ministry of health.