Browsing: Bank Of Uganda

MS MARGARET KAGGWA KASULE UNDER FIRE: Here Is Why Bank of Uganda Legal Boss Must Be Held Responsible For The Court Gamble

The landmark victory for billionaire Sudhir Ruparelia against Bank of Uganda in the battle for the ‘Crane Bank’ was expected. The ruling however left many asking who was advising the Bank of Uganda on legal matters. This follows the assessment of several accountability and legal agencies in the country including the Auditor General’s office and…

Exposed: How Ex Deputy BoU Governor Kasekende Stalled A Two Year IGG Investigation Implicating Him Of Awarding Driver 12 Ill Gotten Land Tittles

It’s now four years ever since leaked documents pinning former Bank of Uganda Deputy Governor Louis Kasekende came to public attention showing how he transferred 12 plots of land into names of his driver Moses Musitwa in an effort to dodge the scrutiny of the Inspector General of Government (IGG). The IGG among other mechanisms…

Here Is Why Government Should Punish Ex BoU Officials Over Irregular Closure of Crane Bank, Other Six Commercial Banks

The government of Uganda has not yet taken punitive action against Bank of Uganda (BoU) officials for the closure of seven commercial banks three years after the recommendation was made by Parliament. In 2019, Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE recommended that senior BoU officials be individually held responsible for the…

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