back to top
HomeNewsExposed: How Mutebile Was Reportedly ‘Duped’ On Confirmed Covid-19 Cases At BoU

Exposed: How Mutebile Was Reportedly ‘Duped’ On Confirmed Covid-19 Cases At BoU

Published on

- Advertisement -spot_img

An insider in the Bank of Uganda (BoU) has revealed that Deputy Governor and a group of ‘influential’ individuals in the Central Bank duped the Governor Emmanuel Tumusiime-Mutebile that there is confirmed Covid-19 cases.

According to a local newspaper eagle online, the reported cases never existed but it was a creation of some individuals together with Deputy Governor Dr. Michael Atingi-Ego who informed Mr Mutebile that the central bank had been hit by Covid-19 and therefore, there was need for most of the workers that weren’t essential to work from home.

However, this was later never to be true but the scare on Governor Mutebile who is already sick managed to keep home as he could not come to office given his health status.

Sources further revealed that it is at this very time that matters  of Crane Bank resurrected and so is the issue liquidation. Sources within the central bank say there is no central cohesion anymore in the bank due to the absence of the governor most of the time given that he works from home and secondly the issue of Coronavirus.

Some heads and deputy heads of department were required into office to perform some duties of among others signing documents and later leave. It was revealed that there was no #Covid-19 case in the BoU but some individuals were colluding to take over the bank which was put under receivership.

“Thieves are utilizing the absence of the governor to execute selfish motives at the BoU. As you are aware, the governor is frail and spends most of the time at home. He only comes in when there are urgent issues so they are taking that chance,” the source said.

This comes in awake of property mogul Sudhir Ruparelia’s motives to repossess his former Crane Bank. Sudhir claims that the receivership ended in January 2018 noting that the board is ready to run the bank. Source further reveal that Atingi-Ego is a close buddy of his predecessor Louis Kasekende and has since followed his advice and instruction in conducting business. Kasekende is rumoured to have saved him when he was  sent Luzira prison some years back.

Related

Engulfed Businessman Asiimwe Emmanuel Has A Case  To Answer Regarding Forgery And Uttering Forged Documents, Risks Jail If Found Guilty

In a blockbuster ruling at Buganda Road Court on Wednesday, the Chief Magistrate, His...

Mercy Kanyesigye Calls For Swift Conclusion Of Suspended NRM Youth Elections

NRM National Youth MP candidate for the 2026–2030 term, Mercy Kanyesigye, has urged the...

Uganda Law Society Launches Digital Training, Clears Global Dues, And Prepares 2029 Commonwealth Bid

The Uganda Law Society (ULS) has unveiled a new drive to modernize the legal...

Frustrated URA Commissioner Resigns, Wangwe Tipped For Top Domestic Taxes Job

The Uganda Revenue Authority (URA) is on the brink of a significant leadership shake-up...

More from The Capital Times

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Uganda Adopts Kiswahili As Official Language

Uganda has adopted Kiswahili as an official language, a top government official said on...

Big Size Recap: London Parties With Legendary Bebe Cool’s Break The Chains Album Was Massive

On August 12th, Bebe Cool held a successful listener’s party at Masq London, Restaurant...