Browsing: News

Unearthing Rot In BoU: Leaked Meeting Minutes Indicate Top Managers Knew Liquidating Crane Bank Was Illegal But Adamantly Proceeded

On November 9, Bank of Uganda (BoU) announced that it had commenced Crane Bank’s liquidation in a notice signed by Profesor Emanuel Mutebile the Central Bank’s Governor. “Bank of Uganda (BoU) took over management of Crane Bank Ltd (CBL) on October 20, 2016 and subsequently progressed it into receivership on January 24, 2017. In exercise…

SPREAD THE STORY

Immigration Directorate Suspends Staff Allowances As Covid-19 Pandemic Hits Economy

The ministry of internal affairs under the Directorate of Citizenship and Immigrations Control has suspended all lunch allowances for all staff due to financial constraints. Director Maj. Gen. Apollo Gowa Kasiita, has notified all heads of departments to halt serving lunch to all employees due to underfunding of Immigrations budget by government. In a letter…

SPREAD THE STORY

M7 Vows To Sack RDCs Over Dull Services Delivery

National Resistance Movement ‘NRM’ Presidential Candidate Yoweri Kaguta Museveni has vowed to dismiss Resident District Commissioners (RDCs) and Chief Administrative Officers (CAOs) over failure to ensure that all boreholes and water sources in villages are functional. The President issued this directive while meeting Acholi NRM leaders and flag-bearers in Gulu drawn from the districts of…

SPREAD THE STORY

‘Gov’t Should Expeditiously Compensate Sudhir Ruparelia For Losses In Crane Bank Saga’- Hon. Luttamaguzi

Nakaseke South Member of Parliament Paulson Luttamaguzi Ssemakula has said that the government should expedite the compensation of city tycoon Sudhir Ruparelia for all the losses he incurred in the wrongful closure of his bank Crane bank Ltd. Luttamagazi made remarks while appearing on Buganda’s CBS radio talkshow on Monday night, Mr. Lutamaguzi, a member…

SPREAD THE STORY

Lt.Col Nakalema Arrests City Pastor Sirage Ssemanda For Defrauding 4Bn

State House Anti-Corruption Unit led by Lt.Col Edith Nakalema on Sunday afternoon nabbed Pastor Sirajje Ssemanda of Revival Ministries Church, Bombo at Mutukula border as he attempted to escape from the country after he embezzled over sh4b from vulnerable people. The anti corruption unit confirmed the arrest of Pastor Siraj through the official Twitter account.…

SPREAD THE STORY
1 146 147 148 149 150 350