Close to one thousand students may not go to school as government reportedly freezes over six hundred million shillings in school aid.The money had been wired by Denis Daniel’s semugenyi the chairman of the Daniel Dennis investment Group of companies.
The is a global finance and development company based in the United States of America,Canada,Singapore,mauricious ,Uganda and has been financing education for Ugandan children in various schools from nursery to secondary.
How ever as schools re open early February,families are shocked to be informed that their children may not go to school after their money was frozen.reports suggest the company failed to explain a number of foreign cash flows in huge amounts amounting to billions of shillings.
Denis Daniel’s semugenyi has been paying school fees for those in need right from Nursery school,primary and secondary schools.
Evidence shows that the school fees was paid directly to the beneficiaries schools accounts of the beneficiaries who apply and gget the scholarships on merit.
How ever Dr Ssemugenyi says saboteurs conniving with individuals in police and a local Bank have frozen the money without the knowledge of Internal security organization and finance intelligence authority a regulator who has denied any involvement in the freezing of the money.
