Bank of Uganda Grilled on Missing Assets of Closed Banks
A parliamentary committee is investigating the Bank of Uganda for alleged irregularities in the closure of seven commercial banks, some of which were shut down 20 years ago. Also under scrutiny are the circumstances under which the assets of the closed banks were sold at a 93% discount to a now defunct offshore company registered in Mauritius.
Bank of Uganda (file photo)
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Uganda:
Inquiry Into Bank Collapse Misses Causes of Regulatory Failure
Monitor, 15 November 2018
The first round of questioning at Parliament into the collapse of banks in Uganda started off with Teefe, a small bank associated with the Buganda government that was shut down in… Read more »
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Uganda:
Probe Into BoU Starts Today
Monitor, 24 October 2018
The lawmakers on Parliament's Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) will today kick-start investigations into irregular operations at Bank… Read more »
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Uganda:
Bank of Uganda Bosses Grilled Over Buyers of Closed Banks' Assets
Monitor, 21 November 2018
The circumstances under which Bank of Uganda (BoU) sold assets of closed banks at 93 per cent discount to a now defunct offshore company registered in Mauritius remain unresolved… Read more »
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Uganda:
Inspector General Digs Into Wealth of 100 Bank of Uganda Officials
Monitor, 18 October 2018
The Inspector General of Government (IGG) is looking into the assets and liabilities of at least 100 top Bank of Uganda (BoU) officials, including the Governor, Emmanuel… Read more »
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Uganda:
BoU Has No Record of Closed Teefe Bank Assets
Monitor, 13 November 2018
Abdu Katuntu (committee chairman): On the 5th, the Governor wrote to me forwarding these files which you have all had the opportunity to read through. The Governor writes and says;… Read more »
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Uganda:
Bou Fails to Collect U.S$15.7 Million From Sale of Two Banks
Monitor, 4 November 2018
Bank of Uganda (BoU) failed to recover a total of Shs59b from different accounts held by the International Credit Bank (ICB) and Global Trust Bank (GTB) when they were closed in… Read more »
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Uganda:
MPs Throw Out BoU Bosses Over 7 Banks' Documents
Monitor, 2 November 2018
The Parliamentary Committee investigating Bank of Uganda (BoU) yesterday sent back the central bank's Governor Emmanuel Tumusiime-Mutebile and his Deputy Governor Louis Kasekende… Read more »
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Uganda:
Who Said What On First Day of Bou Probe
Monitor, 2 November 2018
Abdu Katuntu [Bugweri County MP & Chairman, Cosase]: This process is going to be handled in the most professional manner. It is going to be handled in accordance with the… Read more »
