King Mumbere made the announcement on Monday evening while addressing the Kingdom press unit at his palace in Kasese town.
Mumbere says Mr. Kandabu who has been in office since October 12, 2012 has failed to account for 40m shillings donated to the Kingdom by a charity organisation to carry out renovations around the palace.
First Deputy Prime minister Mr. Ivan Syauswa will continue care taking the office of the Premier until a probe team releases its report.
The King has instituted a four man probe team led by Mr. Enock Jimmy Muhindo the speaker to the Kingdom House of Representatives.
King Mumbere says, when tasked to account for the money on May 5th, Mr. Kandabu a prominent businessman in Kasese town instead indicated irrelevant projects for which he reportedly spent the money.
The same probe team has also been instructed to investigate former minister for special duties in the office of the King Mr. Erisania Cameroon Isingoma for allegedly soliciting 13m shillings in the name
of the Kingdom several months after his sacking.
Mr. Isingoma was sacked from the kingdom cabinet in January this year following a reported misappropriation of 30.7m shillings out of the 50m shillings released by State House to cater for King Mumbere’s treatment abroad.
This case is still under investigations by the Criminal Investigations and Intelligence Directorate in Kibuli, Kampala.
However, when contacted the Prime Minister Mr. Henry Kandabu confirmed that he received the suspension later but declined to comment on the accountability for the 40m shillings.