A Financial Intelligence Authority (FIA) report dated 12 September 2025 has raised troubling questions about the disappearance of more than US$14 million that had been set aside to repay Uganda’s loans to the World Bank Group and the African Development Bank.
According to the report, more than US$8 million and another US$6 million that were meant for debt repayments were allegedly diverted to private companies in the United Kingdom and Japan instead of reaching the intended lenders.
The findings reportedly prompted President Yoweri Museveni to demand a full explanation. In his communication, the President is said to have expressed disappointment over the alleged diversion and called for a detailed report identifying what happened to the money, who authorized the transfers, who diverted the funds, and who ultimately received them.
The allegations have sparked serious concerns because debt repayments are among the most tightly controlled government transactions. If the report is accurate, investigators will need to determine how such large sums left official channels without being detected and whether existing financial controls were deliberately bypassed.
The companies said to have received the money have not been publicly identified, and no individuals have been charged. The Financial Intelligence Authority has also not publicly commented on the findings.
As pressure grows for answers, attention is now focused on whether authorities will conduct a thorough investigation, recover any lost public funds, and hold everyone involved accountable. For many Ugandans, the central question remains simple: Where did the money go, who took it, and will anyone be held responsible?
