Makerere University Bursar Augustine Tamale has announced that the Living Out Allowances (LOA) for government sponsored students will be paid between Thursday and Friday this week.

Tamale was responding to allegations that the university had used the funds to pay incentives for lecturers who were on strike.

 “Government changed the financial management system… When we collect money, we send it to consolidated funds, and we spend using the government software called the Integrated Financial management system (IFMS). So you pay from Bank Of Uganda,” Tamale said.

Government sponsored students at Makerere are still exchanging bitter words with their leaders, with some planning to strike, after they were informed that their long awaited allowances will be channeled through mobile money.

This money had always been sent to students’ bank accounts.

However, according to the university bursar Augustine Tamale, the process has been changed to E-wallet (or suing mobile money) by the government.

The 83rd Guild Council has instituted a committee on financial affairs to investigate and monitor the use and circulation of guild-attributed monies and present the findings to the house.

This comes after series of allegations on financial mismanagement of the student guild funds instigating a lot of distrust from the GRCs.

The 83rd government received Shs 260million, the highest amount ever received by any government, but there has been dishonesty and mismanagement of funds as ministries are being run without money.