• Latest
Parliament Orders BOU to Avail Greenland Bank Documents Handed Over by Bagyenda

Parliament Orders BOU to Avail Greenland Bank Documents Handed Over by Bagyenda

7 years ago
Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

7 hours ago
Kyabazinga of Busoga, King Oyo Strengthen Ties

Kyabazinga of Busoga, King Oyo Strengthen Ties

8 hours ago
UEDCL Gains Over 640,000 New Connections in Six Months

UEDCL Gains Over 640,000 New Connections in Six Months

8 hours ago
Kenya’s Faith Kipyegon Wins 4th World 1500m Title in Tokyo

Kenya’s Faith Kipyegon Wins 4th World 1500m Title in Tokyo

8 hours ago
Germany: Uganda Showcases Coffee Excellence at Bamberg Cupping Event

Germany: Uganda Showcases Coffee Excellence at Bamberg Cupping Event

10 hours ago
Vivo Energy Launches VE-CEM Digital Solution to Track fleet and Equipment Movement

Vivo Energy Launches VE-CEM Digital Solution to Track fleet and Equipment Movement

12 hours ago
SoftPower News
Wednesday, September 17, 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

Parliament Orders BOU to Avail Greenland Bank Documents Handed Over by Bagyenda

by Nixon Segawa
November 22, 2018
Parliament Orders BOU to Avail Greenland Bank Documents Handed Over by Bagyenda

Former BOU Director for Bank Supervision, Justine Bagyenda appearing before the COSASE committee. (Photo: @Bamulanzeki)

5
VIEWS

The Parliament committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has directed Bank of Uganda’s (BOU) Executive Director Bank Supervision, Twinemanzi Tumubweine to submit all the documents that were handed over to him by his predecessor, Justine Bagyenda on the management of Greenland Bank.

This was after the committee scrutinized the reports that were availed by the Bank of Uganda officials on Wednesday which were found to lack the required details including the assets of Greenland bank.

Related Stories

Germany: Uganda Showcases Coffee Excellence at Bamberg Cupping Event

Minister Oryem, Algerian Envoy Discuss Scholarships for Ugandan Students

Mixed Fortunes for Uganda’s Athletes at World Athletics Championships

The committee’s ruling followed submissions by the former BOU Director for Bank Supervision, Justine Bagyenda and Margret Matovu the former Director Commercial Banking. These told the committee that the relevant reports were handed over to current office bearers upon their exit from offices.

“I received the said reports from Ssekabira who was the representative of the bank in the liquidation process and they were some of the documents I left behind with the bank. This was clearly stipulated in my handover report,” Bagyenda said.

However, the current Director for Supervision, Twinemanzi Tumubweine denied having received the reports from Bagyenda during handover as she had claimed. Tumubweine would later present to the committee a copy of the hand over report that was handed to him upon assuming office.

This prompted the COSASE chairperson, MP Abdul Katuntu to order the team from BOU to produce all documents on Greenland bank before he adjourned the hearing.

“This matter has reached a point where we need to find out if reports are there or not, or whether they are being withheld. Using the powers vested upon this committee by both the rules and the Constitution, I direct the ED Bank Supervison, Twinemanzi to produce all the files that were handed over by the then ED Bank Supervision Bagyenda,” Katuntu ruled.

Earlier, a number of legislators including Kalungu West MP, Joseph Ssewungu had suggested that Bagyenda and the conflicting BOU officials be handed over to the CID for further interrogation on the required information by the committee.

Tags: Abdul KatuntuBank of Ugandadefunct banksGreenland BankJustine BagyendaNewsParliamentSoft Power NewsTwinemanzi TumubweineUganda

Recent Stories

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

Kyabazinga of Busoga, King Oyo Strengthen Ties

UEDCL Gains Over 640,000 New Connections in Six Months

Kenya’s Faith Kipyegon Wins 4th World 1500m Title in Tokyo

Germany: Uganda Showcases Coffee Excellence at Bamberg Cupping Event

Vivo Energy Launches VE-CEM Digital Solution to Track fleet and Equipment Movement

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
Stanbic Remittance Ad
  • 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?