• Latest
MPs Want Kasekende Out of Office to Allow Investigations

MPs Want Kasekende Out of Office to Allow Investigations

8 years ago
Investors Urged to Tap Uganda’s Renewable Energy Sector at EU Business Forum

Investors Urged to Tap Uganda’s Renewable Energy Sector at EU Business Forum

4 hours ago
Roofings Group Invests Shs3.5bn to Redevelop Kasubi Primary School

Roofings Group Invests Shs3.5bn to Redevelop Kasubi Primary School

15 hours ago
Museveni Commissions 280 UPDF Cadets, Links Military Success to Strong Economy

Museveni Commissions 280 UPDF Cadets, Links Military Success to Strong Economy

19 hours ago
Sand Cranes Qualify for Third Beach Soccer AFCON

Uganda Cubs Crowned CECAFA U-17 Champions

19 hours ago
Sand Cranes Qualify for Third Beach Soccer AFCON

Sand Cranes Qualify for Third Beach Soccer AFCON

20 hours ago
UGAFODE Wins International Award for Refugee Women’s Financial Education

UGAFODE Wins International Award for Refugee Women’s Financial Education

22 hours ago
SoftPower News
Wednesday, October 21, 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.

23
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

Investors Urged to Tap Uganda’s Renewable Energy Sector at EU Business Forum

Sand Cranes Qualify for Third Beach Soccer AFCON

Uganda Projects 6–6.5% Growth as BoU Moves to Protect Purchasing Power

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

Investors Urged to Tap Uganda’s Renewable Energy Sector at EU Business Forum

Roofings Group Invests Shs3.5bn to Redevelop Kasubi Primary School

Museveni Commissions 280 UPDF Cadets, Links Military Success to Strong Economy

Uganda Cubs Crowned CECAFA U-17 Champions

Sand Cranes Qualify for Third Beach Soccer AFCON

UGAFODE Wins International Award for Refugee Women’s Financial Education

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?