Browsing: Bank Of Uganda

Court Orders Attorney General to File His Response in the Matter Against the Appointment of BoU’s Twinemanzi

The High Court has ordered the Attorney General to file his response in the matter where a renowned Journalist Mukose Arnold Anthony is challenging the appointment of Dr. Tumubweine Twinemanzi the Director of Supervision in the Bank of Uganda. The order follows respondent’s failure to file their response to preliminary objections they raised. According to…

Disgruntled Whistleblower Petitions Museveni Over Corruption At BoU, Sale Of Defunct Banks

A disgruntled whistleblower has petitioned the President of Uganda Yoweri Kaguta Tibuhaburwa Museveni seeking to investigate and prosecute former executives of Bank of Uganda (BoU), over allegations of involving themselves in corruption and the fraudulent sale of seven defunct banks. The petitioner, Sam Brian Kakuru, wants the president to institute an investigation into the operations…

Unearthing Rot In BoU: Leaked Meeting Minutes Indicate Top Managers Knew Liquidating Crane Bank Was Illegal But Adamantly Proceeded

On November 9, Bank of Uganda (BoU) announced that it had commenced Crane Bank’s liquidation in a notice signed by Profesor Emanuel Mutebile the Central Bank’s Governor. “Bank of Uganda (BoU) took over management of Crane Bank Ltd (CBL) on October 20, 2016 and subsequently progressed it into receivership on January 24, 2017. In exercise…

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