• Latest
CID, Auditor General Probe Alleged Bank of Uganda Hacking and Loss of Shs62bn

CID, Auditor General Probe Alleged Bank of Uganda Hacking and Loss of Shs62bn

11 months ago
Uganda’s Arinaitwe Takes £10,000 as Kenya’s Savatia Wins Top Africa Innovation Prize

Uganda’s Arinaitwe Takes £10,000 as Kenya’s Savatia Wins Top Africa Innovation Prize

13 minutes ago
Cheptegei, King of Long-Distance, in Amsterdam to Conquer 42.2km Route

Cheptegei, King of Long-Distance, in Amsterdam to Conquer 42.2km Route

1 hour ago
Museveni Pledges to Clear Obongi’s ‘Development Debts’

Museveni Pledges to Clear Obongi’s ‘Development Debts’

2 hours ago
Rwabwogo Urges Makerere Students to Embrace Entrepreneurship and Local Innovation

Rwabwogo Urges Makerere Students to Embrace Entrepreneurship and Local Innovation

2 hours ago
PostBank’s Peter Ssenyange Named CFO of the Year at 9th CFO Awards

Stanbic’s Ronald Makata Triple Honouree at 2025 CFO Awards

2 hours ago
CMA Touts Regulatory Sandbox as Engine for East Africa’s FinTech Innovation

CMA Touts Regulatory Sandbox as Engine for East Africa’s FinTech Innovation

3 hours ago
SoftPower News
Saturday, October 18, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Featured

CID, Auditor General Probe Alleged Bank of Uganda Hacking and Loss of Shs62bn

by Our Reporter
November 29, 2024
CID, Auditor General Probe Alleged Bank of Uganda Hacking and Loss of Shs62bn

Bank of Uganda

87
VIEWS

The Minister of State for Finance, Planning and Economic Development (General Duties), Hon. Henry Musasizi, has told Parliament that investigations are underway following the alleged hacking of Bank of Uganda (BOU) systems leading to loss of billions of shillings.

The media has over the past few days reported that the Central Bank’s network firewall was hacked a fortnight ago and over Shs62 billion stolen from the treasury account. 

Related Stories

Kabalega Leadership & Cultural Institute Launched to Drive African Transformation

BoU Cites Rise in Yields and Strong Investor Demand in Treasury Bills Auction

BoU Governor Atingi-Ego Explains Shilling’s 14-Month Appreciation

Musasizi said that the Auditor General and the Criminal Investigations Department of police (CID) are investigating the matter.

He admitted to the House chaired by Speaker Anita Among on Thursday, 28 November 2024, that the Central Bank systems had been breached.

“It is true that our account was hacked but not to the extent of what is being reported. To avoid misrepresentation of facts, when the audit and CID investigations are finalised, I beg that I come to this House and report,” he said.

Musasizi said that he will present a report of the findings a month’s time, adding that, ‘as of now, any matter I disclose on this issue will risk misrepresentation of facts’.

The minister’s brief statement was in response to the Leader of the Opposition, Hon. Joel Ssenyonyi who demanded that government clarifies on the allegations.

“It alarmed me because this is our Central Bank. I thought government should help us understand; it is important that we know what exactly is happening,” he Ssenyonyi said.

He added that the incident is worrying since the Central Bank is vested with the function to formulate and implement monetary policy directed to the economic objective of achieving and marinating economic stability.

Hon. Ibrahim Ssemujju (FDC, Kira Municipality) faulted the Ministry of Finance for failing to present a statement immediately after the incident happened.

“What a responsible government does is to issue an interim statement disclosing what will not prejudice the investigation. A responsible government does not stand up in Parliament and say, ‘we are investigating, we will not tell you anything’,” he said.

It is reported that a group of hackers in Asia breached the Central Bank’s firewalls and withdrew the money which was then wired to accounts in the United Kingdom and Japan.

Tags: Bank of UgandaHackingMusasiziShs62bn

Recent Stories

Uganda’s Arinaitwe Takes £10,000 as Kenya’s Savatia Wins Top Africa Innovation Prize

Cheptegei, King of Long-Distance, in Amsterdam to Conquer 42.2km Route

Museveni Pledges to Clear Obongi’s ‘Development Debts’

Rwabwogo Urges Makerere Students to Embrace Entrepreneurship and Local Innovation

Stanbic’s Ronald Makata Triple Honouree at 2025 CFO Awards

CMA Touts Regulatory Sandbox as Engine for East Africa’s FinTech Innovation

SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?