Music news
BoU Saga: DPP Orders Police To Arrest Kasekende, Sekabira, Bagyenda & Search Their Homes For Defrauding Defunct Banks Properties
The days of running for former Bank of Uganda Deputy Governor Louis Kasekende, former Director Compliance Justine Bagyenda, Ben Sekabira, the Director for Financial Markets Development Coordinator and other Central Bank officials who were involved in the fraudulent sale of Teefe Trust Bank, Greenland Bank, Crane Bank and other defunct commercial banks are over. This…
BoU officials charged, Remanded to Luzira
Suspects at Anti Corruption court Freda Wanyama and Francis Kakeeto, arrested in connection with the latest scandal at Bank of Uganda, have been produced at the Anti-Corruption Court in Kololo. They supervised the loading of cargo on the chartered flight that reportedly carried extra pallets of currency. The Director of Public Prosecutions [DPP] has…
BoU Must Return Sudhir’s Crane Bank, Pay Dispute Costs – Supreme Court Rules
The Supreme Court in Kampala has ordered Bank of Uganda (BoU) to pay dispute costs after losing yet again in the aftermath of the closure and liquidation of Crane Bank Ltd, owned by businessman Sudhir Ruparelia. In a ruling delivered on Friday, July 1, a panel of three judges led by Justice Prof. Lillian Tibatemwa-Ekirikubinza…
BoU Issues Guidelines On Covid-19 Crisis, Warns Banks Against Levying Extra Fees
The Bank of Uganda (BoU) has warned financial institutions against levying extra charges or fees when restructuring loans for borrowers as the country grapples with the coronavirus pandemic. In the guidelines issued by the acting Deputy Governor, Dr Adam Mugume, on Tuesday, April 14, the banks must also desist from demanding that some borrowers clear…