How Museveni’s intervention saved Ruto’s associate in the Ksh 15B Loan saga.


Deputy President William Ruto blocked travel to Uganda hit headlines after the second in command and his close associates were denied permission to travel to the neighboring country.

With that still fresh in mind,fresh details have emerged on how Ugandan President Yoweri Museveni personally helped save Deputy President William Ruto’s associate’s, Matthias Magoola of Dei Pharmaceuticals Company.

On a televised nation address made by Uganda president Yoweri Museveni on Friday, June 4, 2020, the company’s accounts had been frozen after receiving huge amounts of cash from a Kenyan bank. 

During the address, Museveni argued that his intervention saved the company which was poised to produce enough medicine, including Covid-19 vaccines, for the country.

“Incredibly, three days ago, a group answering to the description of the so-called Financial Intelligence Authority had closed their Bank accounts claiming that they did not know where their money was coming from and what it was doing.

“Yesterday, I visited one of their huge factories in Matuga, near my camp no. 3, near Buwambo, in that area during our bush war. Why couldn’t Financial Intelligence check what these people were doing on the ground? How could they fail to know that the money was coming from African Banks? I am going to get to the bottom of these treacheries by all these elements that have been fighting our Revolution,” read the statement in part.

This comes after the DP in an interview with one of the local stations Inooro FM admitted through a phone call that he assisted Magoola to secure the Ksh 15B to help him build a medical facility in Uganda.

It was revealed that Ruto visited the neighbouring country as a chief guest on July 6, 2021, to oversee the project which he helped finance.

On Saturday, August 7, Anti-terror Unit police arrested Turkish businessman Aydin Harun who was part of DP William Ruto’s aborted trip to Uganda.


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