Tag Archives: BOU

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 …

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 …

Kampala, Uganda | THE INDEPENDENT | Former Shareholders of the defunct National Bank of Commerce (NBC) are demanding sh295 billion as compensation from Bank of Uganda (BoU) over the closure of their Bank. The shareholders include former Prime Minister Amama Mbabazi, businessman Amos Nzeyi, former Supreme Court Judge George Wilson …

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 …

IGG accused, Mutebile, Kasekende under fire Kampala, Uganda | HAGGAI MATSIKO | Details of a draft report prepared by the Inspector General of Government (IGG) into the controversial February 2018 staff changes at Bank of Uganda (BoU) have leaked and sparks are already flying. The leakage occurred partly because some …

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 …

    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 …

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 …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) has called for the unedited version of the CCTV footage showing a security breach, through which important documents were sneaked out of the Central Bank. The documents were reportedly taken out of the bank premises …

Kampala, Uganda | THE INDEPENDENT | The former Central Bank Executive Director in charge of Supervision Justine Bagyenda has been accused of usurping the powers of the Legal Department, in the Crane Bank Limited saga. The accusation came after reports that Bagyenda engaged external lawyers from MMAKs Advocates to offer …