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Traders Threaten To Close Shops After Meeting Museveni Over EFRIS
The leaders of traders’ associations have threatened to lock down their businesses again, displeased with the outcome of the Kololo meeting with President Museveni. They argue that President Museveni did not address any of their concerns about taxes at the much-anticipated meeting. However, the Uganda Revenue Authority spokesperson, Ibrahim Bbosa, urged the traders to have…
Trouble As Tycoon Hamis Kiggundu Drags Diamond Trust Bank To Court For Stealing Over Shs 100bn From Account
Guys, if you find Directors and Managers of Diamond Trust Bank (DTB) in hiding, don’t ask why, trouble is looming. A disgruntled client, City Businessman and owner of Ham Enterprises Limited Tycoon Hamis Kiggundu has dragged (DTB) to the Uganda Commercial Court after the bank illegally and fraudulently debited over 100 billion UGX from its…
Trouble Looms As BoU Lawyer ‘Makubuya’ Is Dragged To Court Over Theft
Former Deputy Katikiro of Buganda and Bank Of Uganda lawyer Apollo Nelson Makubuya is in hot soup following allegations of stealing land from the former Executive Director of the Kabaka Foundation, Ambassador Matia Lubega. The land in question is situated on Block 268 Plot 475 Kyadondo in the upscale Lubowa neighborhood along Entebbe Road valued…
Trouble Looms As DPP Asks Police To Conduct Further Investigations Ahead Of Kasekende, Bagyenda Prosecution
Borrowers and owners of the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda irregularly and at giveaway prices, will have to wait a little bit longer for justice to be served. According to CEO East Africa Magazine reported that the Office of…
Trouble Looms As DTB Staff Come Out As Witnesses Against The Bank In Shs120Bn Fraud Case
The 120Bn fraud case filed by Ham Enterprises against Diamond Trust Bank Uganda and Diamond Trust Bank Kenya, continues at the Commercial Division of the High Court. On August 28, 2020, Ham Enterprises through lawyer Fred Muwema filed a preliminary Objection asking the court to dismiss the defendants defense on basis of its illegality background.…
Trouble Looms As Ex BoU Deputy Governor Is Dragged To IGG Over Amassed Wealth
Former Deputy Governor Bank of Uganda Dr. Louis Kasekende is in hot soup following the whistleblower petitioning the Inspector General of Government (IGG) with evidence that he has more property than he declared to the IGG. Thecapitaltimes has landed on a document received by the Inspectorate titled confidential notes, corruption against former Deputy Governor Louis…