By Hamis Kiggundu Why do Ugandans come to banks rich with properties they pledge as securities and leave poor? Does it imply that all Ugandans are poor business Managers? Or the problem is with the System? My arguments on the call for banking reforms were specifically based on facts, reality within realistic current prevailing circumstances…
Troubled Bank of Uganda (BoU) Director for Financial Markets Development Coordination (FMDC) Benedict Sekabira has rebuffed summons by the Criminal Investigations and Intelligence Department (CIID), telling operatives that he cannot be summoned like a chicken thief. Sekabira is wanted by Police to explain his role in the concealment and seizure of the land titles belonging…
Wanted Bank of Uganda’s director, Benedict Sekabira has snubbed the Police CID summons for questioning in connection with fraud. Sekabira on Monday snubbed police for the second time. He was expected to appear at the Kibuli based CID headquarters on Friday last week but he sent lawyers who reported him to be unwell. He had…
Former Bank of Uganda Deputy Governor Dr. Louis Kasekende, has written to the Director of Public Prosecution (DPP) Jane Frances Abodo distancing himself from the alleged dubious sale of over 2,700 land titles which belonged to closed commercial banks. This website has learnt that Kasekende wants his name cleared from the list of suspects being…
The Director of Public Prosecutions (DPP) has confirmed charges against the former Deputy Governor Louis Kasekende, former Director of Commercial Banks Supervision Justine Bagyenda and the central bank’s Director for Financial Markets Development Coordination (FMDC) Benedict Sekabira. This has been confirmed after landing on an August 4 Letter from the DPP Jane Francis Abodo titled: Prosecution…
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…
The Central Bank of Uganda has finally given up asked owners of the unclaimed certificates of land titles of former defunct banks to apply and reclaim them. The unclaimed certificates of over 21 land titles were advertised on Wednesday August 5, 20220 by BoU after very many others were allegedly stolen by bank officials or…
Dr. Atingi-Ego has assumed his role as the Deputy Governor, Bank of Uganda on August 03, 2020 following his appointment by His Excellency Yoweri Kaguta Museveni on 23 April, 2020. He replaces Dr. Louis Kasekende, whose contract expired in January and wasn’t renewed. Dr. Atingi-Ego is a seasoned Economist who has served in several capacities…
The Criminal Investigations Directorate (CID) in Kibuli has summoned Benedict Sekabira, the Bank of Uganda Director Financial Markets Coordination, to record a statement over allegations that he and several other BoU officials were involved in illegal concealment of title deeds. In a letter dated July 27, 2020, to the Governor Bank of Uganda, Criminal Investigations…
Several activists in Uganda under their umbrella body Uganda Poor Youth Movement, have petitioned President Yoweri Museveni to reign on Bank of Uganda (BoU) officials who are causing the country hundreds of millions in losses as they waste money in a case against tycoon Suhdir Ruparelia, which they lost. As a result of their incompetence…
