Tag Archives: BOU

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has questioned a team of lawyers from MMAKS Advocates on conflict of interest. The team from MMAKS Advocates was comprised of Apollo Nelson Makubuya, Timothy Kanyelezi Masembe, Moses Adriko, Mathias Ssekatawa, Ernest Sembatya and Isaac …

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has kicked out Bank of Uganda officials led by the Governor, Emmanuel Tumusiime Mutebile for appearing without supporting documents to their presentation. The officials had appeared on Monday to respond to accusations by the shareholders and …

Kampala, Uganda | THE INDEPENDENT | The Board of Directors of Bank of Uganda (BoU) has blamed the difficulties faced by the Central Bank on gaps in the Constitution. Article 161 (2) of the Constitution vests the authority of the Central Bank on the Board. According to the law, the Chairperson …

Kampala, Uganda | THE INDEPENDENT | The probe into the closure of Cooperative Bank took a twist after the committee investigating the irregular sale of commercial banks resolved to summon the Auditor General John Muwanga to clarify on allegations that there were two cooperative banks. This was after shareholders of …

Kampala, Uganda | THE INDEPENDENT | The agreement for the sale of Crane bank to DFCU was shoddy and fraudulent, Former Crane Bank owner, Sudhir Ruparelia has told the ongoing Bank of Uganda probe. According to Sudhir, the Purchase of Assets and Liabilities (P&A) agreement signed between BoU and DFCU …

Kampala, Uganda | THE INDEPENDENT | Former Shareholders of the defunct National Bank of Commerce (NBC) are demanding sh295 billion as compensation from Bank of Uganda (BoU) over the closure of their Bank. The shareholders include former Prime Minister Amama Mbabazi, businessman Amos Nzeyi, former Supreme Court Judge George Wilson …

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has released a new program to conclude investigation into the closure and sale of seven commercial banks. The probe that had stalled following the expiry of the term of office of the Committee Chairperson, Abdu …

IGG accused, Mutebile, Kasekende under fire Kampala, Uganda | HAGGAI MATSIKO | Details of a draft report prepared by the Inspector General of Government (IGG) into the controversial February 2018 staff changes at Bank of Uganda (BoU) have leaked and sparks are already flying. The leakage occurred partly because some …

Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s THE INDEPENDENT. COVER STORY Museveni’s BoU probe details leak: IGG accused, Mutebile, Kasekende under fire THE LAST WORD URA’s unnecessary headquarters: Why government of Uganda’s approach of owning buildings to save on rent is economically unproductive MOTORING Stolen …

    Kampala, Uganda | THE INDEPENDENT | The Bugweri County MP, Abdu Katuntu will continue chairing the Central Bank probe, URN has learnt. This was resolved in a closed door meeting involving the the Speaker of Parliament, Rebecca Kadaga, the Leader of Opposition, Betty Aol Ochan, Deputy Opposition Whip, Harold …