Court on Monday afternoon remanded a headteacher together with a senior accounts assistant on charges of Causing Financial Loss and Conspiracy to Defraud.
The suspects have been presented before the Anti-Corruption Court in Kololo by the State House Anti-corruption Unit working in hand with the Police Crime Investigations Department.
The suspects include the former Head Teacher, Picho Paul Kennedy, and former Senior Accounts Assistant, Okema Geoffrey who were attached to Gulu High School, a government aided school.
They are being accused of Causing Financial Loss and Conspiracy to Defraud.
According to investigations, Picho Kennedy and Okema Geoffrey, who were joint signatories to the Gulu High School account with Stanbic Bank, withdrew funds amounting to sh336,374,052, which were meant for Gayaza High School. It’s alleged that this money had been credited to their school account by mistake.
The accused then used the funds for personal use, knowing well that their actions would cause financial loss to the bank. They have been remanded until 21/02/2024.