Browsing: Auditor General John Muwanga

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…

Atleast UGX311 Billion Covid-19 Funds Mismanaged – Auditor General

The Auditor General has revealed that there was financial indiscipline in the utilisation of shs311 billion disbursed to Ministries, Departments, Agencies (MDAs) and districts for Covid-19 interventions. Section 25(1) of the Public Finance Management Act provides that government may approve a supplementary budget up to 3 per cent of appropriated budget but must seek retrospective…