• Latest
MPs Want Kasekende Out of Office to Allow Investigations

MPs Want Kasekende Out of Office to Allow Investigations

7 years ago
Uganda to Host NAM Midterm Ministerial Review Next Week

Uganda to Host NAM Midterm Ministerial Review Next Week

1 hour ago
3rd Stanbic Summit Convenes in Kampala to Unlock East Africa’s Economic Potential

3rd Stanbic Summit Convenes in Kampala to Unlock East Africa’s Economic Potential

1 hour ago
Uganda, Russia Deepen Trade & Tech Ties as Makerere Seals Academic Pact

Uganda, Russia Deepen Trade & Tech Ties as Makerere Seals Academic Pact

2 hours ago
Uganda and Somalia Seal New Pacts on Security, Education and Immigration

Uganda and Somalia Seal New Pacts on Security, Education and Immigration

2 hours ago
City Festival: Kiira Motors, KCCA to Offer Free Electric Rides

City Festival: Kiira Motors, KCCA to Offer Free Electric Rides

3 hours ago
St. Julian Students Name and Nurture Trees in Equity Bank’s 1,000-Tree Campaign

St. Julian Students Name and Nurture Trees in Equity Bank’s 1,000-Tree Campaign

3 hours ago
SoftPower News
Wednesday, October 8, 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 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.

9
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 to Host NAM Midterm Ministerial Review Next Week

Uganda, Russia Deepen Trade & Tech Ties as Makerere Seals Academic Pact

Uganda and Somalia Seal New Pacts on Security, Education and Immigration

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

Uganda to Host NAM Midterm Ministerial Review Next Week

3rd Stanbic Summit Convenes in Kampala to Unlock East Africa’s Economic Potential

Uganda, Russia Deepen Trade & Tech Ties as Makerere Seals Academic Pact

Uganda and Somalia Seal New Pacts on Security, Education and Immigration

City Festival: Kiira Motors, KCCA to Offer Free Electric Rides

St. Julian Students Name and Nurture Trees in Equity Bank’s 1,000-Tree Campaign

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?