Browsing: Crane Bank

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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