Block 8
Electricity Players Back Proposal To Fine Power Thieves UGX 400M
Energy Generators and Distributors Association of Uganda have asked Parliament to approve the proposal by Government to fine people who indulge in illegal power connections Shs400M or have culprits jailed for 10years in order to curb rampant illegal electricity connections. The Association made the plea while appearing before Parliament’s Environment and Natural Resources Committee that…
Uganda Is Nolonger Pearl of Africa But Pearl of Torture
By the end of 2021,Ugandan human rights activists welcomed President Yoweri Museveni’s condemnation of torture allegedly committed by police and other security forces. President Museveni promised Ugandans in his words by prosecuting security forces accused of abuse. He warned security forces against barking at or beating suspects, detaining suspects for long periods in jail and…
ANDREW MWENDA: Sale Of Crane Bank To DFCU Will Go Down In History As The Most Fraudulent Transaction By BoU
On February 11, businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The central bank closed Crane Bank in October 2016 claiming it was undercapitalised. The latest ruling is a culmination of a running battle between the central bank and Sudhir for four…
BoU, Crane Bank Saga: Supreme Court Confirms Auditor General’s Report Shs 397 Bn Was Swindled By Greedy BoU Officials In Bank Sale
Supreme Court ruling on Bank of Uganda versus Sudhir Ruparelia in Shs 397 billion case confirms Auditor General’s report that BoU officials swindled the cash in CBL sale. The Supreme Court on February 12, 2022 upheld the earlier rulings of the High Court and Court of Appeal that the Bank of Uganda (BoU) must pay…
Coughing Sudhir’s Bank Is A Must & Stand Warned Not To Contempt Court Orders! Tycoon Lawyers Pump More Pressure On Staggering Bank Of Uganda
Pressure and panic from Bank of Uganda (BoU) officials continue to leak to the public over the recent Supreme Court ruling in which the Bank was ordered to ‘vomit’ mogul Sudhir Ruparelia’s Crane Bank but also cough to him billions of all the charges he has incurred in the last five years of endless legal…
Motorsport Ace Rajiv Ruparelia Vows To ‘Crush’ Senior Rally Drivers In Kaliro Battle
Uganda’s Motorsport Senior Driver Rajiv Ruparelia has vowed to not only ‘slaughter’ the senior drivers in the game but ‘roast’ them ahead of the Kaliro Sugar Rally happening next week in Eastern Uganda. The three-day much-anticipated event is set to take place in areas of Iganga & Jinja from 11-13 March 2022. Rajiv who earlier…
OP-ED: Uganda Should Celebrate Sudhir’s Victory Against BoU & Reopen Crane Bank In Partnership With Govt
By Dr Okodan Akwap Government is right to partner with local businessman Sudhir Ruparelia to build an ultra-modern conference facility for holding top-notch meetings, such as the upcoming Non-Aligned Movement summit. But government can do something even better – partnering with Sudhir to reopen Crane Bank, which was closed by the Bank of Uganda (BoU)…
Fresh Row Hits Nakawa-Naguru Land As Minister Mayanja Vetoes Cabinet Reallocations
State Minister for Lands Sam Mayanja has run to Prime Minister Robinah Nabbanja for rescue after his alleged mishandling of Nakawa-Naguru land deals backfired with stakeholders now becoming violent citing suspected foul play. In a letter dated Wednesday, February 23, 2022 to the Prime Minister and describing the matter as “very urgent”, the embattled minister,…
Bank of Uganda Legal Team At It Again With Delay Tactics As Taxpayers Continue Losing Billions In Crane Bank, BoU Saga
The Central Bank of Uganda (BoU) has finally broke silence on the landmark defeat sustained last week when the Supreme Court of Uganda directed that it reverts the management of Crane Bank back to its shareholders after establishing that the bank was fraudulently closed and later sold out to DFCU Bank in 2018. In the…
Ssebuliba Vows To Turn Victoria University Into a Sports Powerhouse
Experienced Sports Administrator Patrick Ssebuliba has expressed his readiness and promised to turn Victoria University into one of the powerhouses of Sports in the country. Ssebuliba joined Victoria University as a sports administrator in 2020 after ending his spell at Nkumba University where he had helped the Entebbe-based institution win over 300 trophies across all…