By Spy Uganda
Kibuli: Police detectives have arrested the managing Director Uganda Printing and Publishing Corporation (UPPC) professor Tom Wasswa Davis for allegedly siphoning over Ugx 3billion corporation money.
According to our spy, the professor is currently being detained at Kibuli CID Headquarters pending further investigations.
Police CID’s mouthpiece Charles Twiine confirmed the developments though he declined to give details.
UPPC is a public enterprise fully owned by Uganda Government. It was established in 1992 by the UPPC Act, Cap 330. Section 2(2) of the UPPC Act, which provides that, the Corporation shall be a body corporate with perpetual succession and a common seal, and may sue or be sued in its corporate name.
The Corporation started out as the Government Printer under the British Colonial Government in 1902, which makes it 119 years old today. In 1962 the department remained under the office of the President, being funded by public funds allocated under the Government printer vote. Its main role at the time was to supply stationary and provide printing and publishing facilities to all Government ministries and departments.
But due to the important role played by the Corporation in the printing of all Bills, Statutes and Official Gazette, Cabinet classified it under Class I among those public bodies that Government had to retain full ownership of.
Beginning March 2021, Uganda Printing and Publishing Corporation (UPPC), jointly with Uganda Security Printing Company (USPC) took over the services of printing and issuing of driving permits and passports from South Africa’s Face Technologies whose contract expired on February 28, 2021.
UPPC executed a Joint Venture Agreement on October 4, 2018, with Veridos GmbH and Giesecke + Devrient GmbH, a consortium individually represented by Veridos GmbH, a company incorporated under the Laws of Germany now represented in Uganda under Uganda Security Printing Company Limited (USPC).
Government via UPPC owns 51 per cent of its shareholding while Veridos GmbH via USPC owns 49 per cent.