MPs have continued to demand for the action against Bank of Uganda (BoU) officials who were implicated in the sale and acquisition of seven defunct banks. In 2018, MPs on parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) made the recommendation in their report following a recent probe of BoU on the closure…
Several public officials, most recently Investment Minister Evelyn Anite have talked about “mafia” in government but one man Dr. Sudhir Ruparelia knows how to win against them. And unlike public figures who fear to mention the mafia, Sudhir didn’t shy away from saying that former BoU Executive Director In Charge of Commercial Bank Supervision Justine…
The Supreme Court decision directing that Crane Bank Ltd be reverted to its owners has raised a lot of mixed feelings, for it comes with a legal and cost implication which in one way or another will affect the ordinary Ugandan. The costs associated with the case will naturally be forked from the consolidated fund…
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…
Two concerned citizens have petitioned the Inspector General of Government demanding for a report into the investigation and prosecution of former Bank of Uganda Deputy Governor Louis Kasekende and former director of commercial banks supervision Justine Bagyenda. The report that is being demanded for also looked into the conduct of Benedict Kasekende, the BoU Director…
The Director of Public Prosecutions (DPP) Justice Jane Abodo has rejected requests from top city lawyers to remove former Bank of Uganda Deputy Governor Louis Kasekende and the former Director for Commercial Banks Supervision Justine Bagyenda from a charge sheet. The charge sheet already has Benedict Sekabira, BoU’s Director for Financial Markets Development Coordination (FMDC).T…
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…
Justine Bagyenda, who is the former Bank of Uganda Director for Supervision, has joined the political race and as you read this, we have reliably been informed that she is contesting the Ntungamo Municipality Member of Parliament seat. Credible sources that have gotten in touch with this website reveal that Bagyenda, a renowned banker, is…
