• Latest
MPs Want Kasekende Out of Office to Allow Investigations

MPs Want Kasekende Out of Office to Allow Investigations

8 years ago
UPDF Begin Withdrawal from Somalia after Two Decades of Peace and Stabilisation Support

UPDF Begin Withdrawal from Somalia after Two Decades of Peace and Stabilisation Support

2 hours ago
UNEB Warns Against Exam Malpractice as 920,833 Candidates Begin PLE

UNEB Warns Against Exam Malpractice as 920,833 Candidates Begin PLE

3 hours ago
Coca-Cola Rewards 26 University Content Creators in Student Campaign

Coca-Cola Rewards 26 University Content Creators in Student Campaign

3 hours ago
Akii-Bua Stadium Reaches 84.5% Completion Ahead of AFCON 2027

Watoto’s Hope Vocational and Technical Institute Graduates 164, Urges Youth to Leverage Skills

1 day ago
Government Launches E-Waste Collection Campaign, Plans Cleanliness Competitions

Akii-Bua Stadium Reaches 84.5% Completion Ahead of AFCON 2027

1 day ago
Government Launches E-Waste Collection Campaign, Plans Cleanliness Competitions

Government Launches E-Waste Collection Campaign, Plans Cleanliness Competitions

1 day ago
SoftPower News
Monday, November 2, 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

Corporate Companies Urged to Popularise National Cleaning Day

Museveni Woos Egyptian Investors to Fund Infrastructure, Industrialisation

Uganda’s FIA Becomes First African Financial Intelligence Unit to Secure ISO Certification

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

UPDF Begin Withdrawal from Somalia after Two Decades of Peace and Stabilisation Support

UNEB Warns Against Exam Malpractice as 920,833 Candidates Begin PLE

Coca-Cola Rewards 26 University Content Creators in Student Campaign

Watoto’s Hope Vocational and Technical Institute Graduates 164, Urges Youth to Leverage Skills

Akii-Bua Stadium Reaches 84.5% Completion Ahead of AFCON 2027

Government Launches E-Waste Collection Campaign, Plans Cleanliness Competitions

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

Not enough quota to unlock this post
Unlock left : 0
Are you sure want to cancel subscription?