Byebye Deci

The Government has frozen the bank accounts operated by the Development Entrepreneurship for Community Initiative (Deci) directors.

Finance and Economic Affairs minister Mustafa Mkulo said yesterday that the move was meant to safeguard money deposited by thousands of Deci members.

Mr Mkulo said when presenting the Government’s official position on the Deci saga that authorities were looking for more bank accounts linked to the institution and its directors.

“We’re looking for more accounts because the amount of money deposited in the frozen accounts does not tally with the sum collected from depositors,” he said without specifying how much had been found in the seized accounts.

Mr Mkulo said Deci had only one account, adding that the bulk of the cash deposited by members had apparently been deposited in personal accounts operated by the institution’s managers. By Beatus Kagashe.