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Tag Archives: BOU

COSASE ejects Central bank officials, sets final meeting on Tuesday

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has kicked out Bank of Uganda officials led by the Governor, Emmanuel Tumusiime Mutebile for appearing without supporting documents to their presentation. The officials had appeared on Monday to respond to accusations by the shareholders and …

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BoU board wants law amended

Kampala, Uganda | THE INDEPENDENT | The Board of Directors of Bank of Uganda (BoU) has blamed the difficulties faced by the Central Bank on gaps in the Constitution. Article 161 (2) of the Constitution vests the authority of the Central Bank on the Board. According to the law, the Chairperson …

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Probe into Cooperative bank closure takes twist

Kampala, Uganda | THE INDEPENDENT | The probe into the closure of Cooperative Bank took a twist after the committee investigating the irregular sale of commercial banks resolved to summon the Auditor General John Muwanga to clarify on allegations that there were two cooperative banks. This was after shareholders of …

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SUDHIR: Crane Bank sale was fraudulent

Kampala, Uganda | THE INDEPENDENT | The agreement for the sale of Crane bank to DFCU was shoddy and fraudulent, Former Crane Bank owner, Sudhir Ruparelia has told the ongoing Bank of Uganda probe. According to Sudhir, the Purchase of Assets and Liabilities (P&A) agreement signed between BoU and DFCU …

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Katuntu committee releases new BoU probe program

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has released a new program to conclude investigation into the closure and sale of seven commercial banks. The probe that had stalled following the expiry of the term of office of the Committee Chairperson, Abdu …

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IN THE INDEPENDENT: Museveni’s BoU probe details leak

Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s THE INDEPENDENT. COVER STORY Museveni’s BoU probe details leak: IGG accused, Mutebile, Kasekende under fire THE LAST WORD URA’s unnecessary headquarters: Why government of Uganda’s approach of owning buildings to save on rent is economically unproductive MOTORING Stolen …

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Katuntu to continue chairing BoU probe

    Kampala, Uganda | THE INDEPENDENT | The Bugweri County MP, Abdu Katuntu will continue chairing the Central Bank probe, URN has learnt. This was resolved in a closed door meeting involving the the Speaker of Parliament, Rebecca Kadaga, the Leader of Opposition, Betty Aol Ochan, Deputy Opposition Whip, Harold …

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COSASE orders withdrawal of Bagyenda’s BOU car

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have today directed Bank of Uganda (BOU) to withdraw the vehicle and security they have been providing to their former Director Bank Supervision, Justine Bagyenda. For some months now Bagyenda who retired in July 2018 has been appearing before the Parliamentary Committee …

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