MUSEVENI WARNING AGAINST ‘CROOKS’ HIKING COMMODITY PRICES STARTS TO BITE AS TRADERS ARE ARRESTED
By Otim Nape
President Yoweri Museveni has welcomed news of the arrest of traders who had reportedly increased commodity prices in the West Nile district of Koboko.
In his Tuesday evening address, Museveni warned that “crooks” hiking prices would have their licenses revoked. (See: DON’T TEMPT ME: MUSEVENI THREATENS TO CANCEL LICENSES OF ‘CROOKS’ HIKING PRICES OF FOOD ITEMS, SANITIZERS).
Hours after the president’s threat, at least four traders were arrested in Koboko for increasing the prices of salt. The businessmen had more than tripled the prices of a carton of salt from Shs25,000 to Shs90,000, and hiked the price of a packet of salt six-fold from Shs800 to Shs5,000.
Koboko RDC Yahaya Kakoza, who led the arrest, said: “This is not the time to become rich: this is time for sympathy, for all us to work together to fight the Coronavirus problem.” The suspects are expected to face extortion charges, and their shops have been closed.
Responding to the arrest, Museveni reiterated yesterday’s message: “Nothing has caused prices of foodstuffs to be hiked. The bananas we had yesterday are the same today, the maize is the same. So the crooks who are taking advantage of Coronavirus to hike prices of foodstuffs anywhere in this country will be arrested and their licenses revoked.”
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