• Latest
MPs Want Kasekende Out of Office to Allow Investigations

MPs Want Kasekende Out of Office to Allow Investigations

7 years ago
New MUASA Executive Committee for 2026–2028 Term Inaugurated

Best Farmers Competition 2026 Launched in Jinja with Shs4.1bn Boost

13 hours ago
New MUASA Executive Committee for 2026–2028 Term Inaugurated

Alan Kasujja Takes Helm at Uganda Media Centre, Vows Communication Reform

13 hours ago
New MUASA Executive Committee for 2026–2028 Term Inaugurated

Makerere Lays Foundation for Open, Distance and e-Learning Building

13 hours ago
New MUASA Executive Committee for 2026–2028 Term Inaugurated

New MUASA Executive Committee for 2026–2028 Term Inaugurated

13 hours ago
VAAL Real Estate Targets Growing Demand for High-End Housing with Acacia Mall Showcase

VAAL Real Estate Targets Growing Demand for High-End Housing with Acacia Mall Showcase

22 hours ago
Pride Bank Partners with Bakaima Real Estate to Expand Access to Structured Property Financing

Pride Bank Partners with Bakaima Real Estate to Expand Access to Structured Property Financing

23 hours ago
SoftPower News
Wednesday, March 25, 2026
  • 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 News

MPs Want Kasekende Out of Office to Allow Investigations

by Nixon Segawa
October 24, 2018
MPs Want Kasekende Out of Office to Allow Investigations

Bank of Uganda deputy Governor, Louis Kasekende.

15
VIEWS

A section of Members of Parliament (MPs) have appealed to the Deputy Governor, Bank of Uganda, Louis Kasekende and other officials to step aside to allow the IGG carry out investigations over alleged illicit accumulation of wealth.

This comes after details from the declaration of income, assets and liabilities forms at IGG linked senior Bank of Uganda officials to a number of properties in upscale areas of Kampala, Wakiso and other areas.

Related Stories

Uganda and China EXIM Bank Forge Strategic Partnership to Accelerate Industrialisation

She Cranes Qualify for Netball World Cup 2027

Museveni, Ruto Break Ground for Kisumu – Malaba SGR

Addressing a news conference at Parliament the Member of Parliament for Nwoya county, Simon Oyet and Ngora county MP, David Abala said that the implicated group in Bank of Uganda should step aside to avoid interfering with the investigations using their positions.

“Kasekende joined Bank of Uganda in 2015 but now his asset wealth is more than Shs 10bn plus. His property and the source of revenue are questionable. We demand that he is investigated and during this period, he must step out of office,” Oyet said.

Abala said that these officials should not fear to be investigated and when found with no case, should be cleared.

“Why would someone fear to be investigated and then cleared? Let those supposed to do investigations go ahead without being interfered with,” Abala said.

However, reports indicate the deputy governor, Louis Kasekende listed his source of wealth to gratuity payments from the Central Bank, African Development Bank and the World Bank were he has been working.

One of the declarations of income, assets and liabilities forms filled by Dr Kasekende shows that he owns property worth about Shs8 billion in upscale areas of Kampala, Wakiso and other areas.

He is also a shareholder of Green Hill schools, a farm in Bukasa valued at Shs 500 million and several commercial buildings which fetch millions of shillings in rent per year.

Tags: assetsIGGinvestigationLouis KasekendeSoft Power NewsUganda

Recent Stories

Best Farmers Competition 2026 Launched in Jinja with Shs4.1bn Boost

Alan Kasujja Takes Helm at Uganda Media Centre, Vows Communication Reform

Makerere Lays Foundation for Open, Distance and e-Learning Building

New MUASA Executive Committee for 2026–2028 Term Inaugurated

VAAL Real Estate Targets Growing Demand for High-End Housing with Acacia Mall Showcase

Pride Bank Partners with Bakaima Real Estate to Expand Access to Structured Property Financing

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?