It is alleged that the two-armed robbers raided the home of Sarah Bampayineza 35, a business woman in Wairagaza trading center.
They placed her at gunpoint and ordered her to surrender to them all the money she had in her possession.
According to Bampayineza, when she insisted, the thugs reportedly grabbed her bag that she had placed on a table containing shillings three million and varnished with it to an unknown destination.
The thugs also robbed her of her two mobile phones valued at shillings 420,000.
Bampayineza later rushed and reported the matter to Kikuube police who have since commenced investigations into the matter.
Julius Hakiza, the Albertine region police spokesperson has confirmed the incident adding that a team of flying squad officers has been dispatched to the area to track the suspected robbers.
Hakiza has appealed to members of the public to cooperate with the police by availing crucial information that could lead to the arrest and detention of the suspected robbers.