UEFA EURO is not just one of the biggest competitions in football but in all of world sport, generating a significant amount of revenue. Where does that money come from, and how does UEFA invest as much as possible back into the game? COMMENT | UEFA.COM | Every four years, the …
Read More »Museveni and NRM Leaders Form Committee to Investigate Party Finances
Kampala, Uganda | THE INDEPENDENT | President Museveni along with the Central Executive Committee (CEC), launched an audit into the party’s finances through a specialized committee. Appointed during the latest CEC gathering held two weeks ago, the committee’s primary objective is to scrutinize the expenditures of all funds allocated to the …
Read More »Auditor General exposes mess in Uganda’s Covid-19 finances
Kampala, Uganda | THE INDEPENDENT | A new report of the Auditor General has revealed financial indiscipline in relation to the utilization of 311 billion Shillings disbursed to Ministries, Departments, Agencies (MDAs) and districts for Covid-19 interventions. Auditor General John Muwanga presented his report for financial year 2019/2020 to Speaker Rebecca …
Read More »CORRUPTION: FIFA bans African football chief Ahmad
London, UK | THE INDEPENDENT | World soccer governing body FIFA has banned Africa’s top administrator Ahmad Ahmad,60, for five years for financial misconduct. FIFA, in a statement, said their investigatory chamber had found that Ahmad had breached his duty of loyalty, offered gifts and other benefits, mismanaged funds and abused his …
Read More »THIS WEEK: IGG interrogates BOU’s Bagyenda over finances
THIS WEEK: IGG interrogates BOU’s Bagyenda over finances Kampala, Uganda | THE INDEPENDENT | Justine Bagyenda, the former Executive Director in charge of supervision at Bank of Uganda came on the spot recently when bank statements showing that she has more than Shs15billion in various banks leaked to the media. Last …
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