• Latest
Youths Dump Piglets at BoU HQs Over ‘Irregular’ Closure of Defunct Banks

Youths Dump Piglets at BoU HQs Over ‘Irregular’ Closure of Defunct Banks

7 years ago
Ethiopia’s Fotyen Tesfay Smashes Course Record with Historic Barcelona Marathon Win

Ethiopia’s Fotyen Tesfay Smashes Course Record with Historic Barcelona Marathon Win

3 hours ago
Uganda’s Esther Chebet Wins Gold at Málaga Half Marathon

Uganda’s Esther Chebet Wins Gold at Málaga Half Marathon

3 hours ago
Yeko Strikes Gold as Bugema Athletes Shine at World University Cross Country Championships

Yeko Strikes Gold as Bugema Athletes Shine at World University Cross Country Championships

3 hours ago
Abel Chelangat Wins Barcelona Marathon with Stunning Personal Best

Abel Chelangat Wins Barcelona Marathon with Stunning Personal Best

3 hours ago
NITA-U Launches UG Support, Breaks Ground on First Service Uganda Centre in Gulu

Museveni Praises Retired Chief Justice Owiny-Dollo’s Distinguished Service at Grand Homecoming

1 day ago
NITA-U Launches UG Support, Breaks Ground on First Service Uganda Centre in Gulu

Black Pirates Defeat Makerere Impis 31–9 to Stay Top of Uganda Rugby Premiership

1 day ago
SoftPower News
Monday, March 16, 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

Youths Dump Piglets at BoU HQs Over ‘Irregular’ Closure of Defunct Banks

by Nixon Segawa
November 5, 2018
Youths Dump Piglets at BoU HQs Over ‘Irregular’ Closure of Defunct Banks

A suspected security operative carries two piglets wrapped into posters of Mutebile and Kasekende.

14
VIEWS

A total of three piglets have Monday morning been dumped at Bank of Uganda entrance by agroup of unknown youth protesting the manner in which Bank of Uganda officials handled the closure of 7 defunct banks.

The piglets were tagged four names of some of the officials from the banking sector namely the Governor, Tumusiime Mutebire, his deputy, Louis Kasekende, Edith Kasekende the wife to Kasekende and the outgoing DFCU bank Executive Director, Juma Kisaame.

Related Stories

Uganda’s Esther Chebet Wins Gold at Málaga Half Marathon

Abel Chelangat Wins Barcelona Marathon with Stunning Personal Best

Gen Muhoozi Kainerugaba Meets Ex-U.S. Intelligence Chief Michael Flynn

The tags as well indicated that this was done by agroup of youths who call themselves ‘Anti-corruption and Theft Crusaders’.

The tags also had words accusing these officials of eating from national coffers and indigenous banks.

“You ate Greenland bank, Allied bank, Crane Bank, UCB etc who’s next” Mutebire, Mr. and Mrs. Kasekende tags read. “Stop fraud” Mr. Kisaame’s tag read in parts.

The animals were later picked by Police officers but no arrests were made as no one was seen dumping the piglets.

This comes at a time when some of the officials of Bank of Uganda were expected to appear before the COSASE committee of Parliament on Monday to hand in documents as requested by the committee last week.

The committee chaired by Bugweri County MP, Abdul Kantuntu last week commenced a probe into the irregular closure of the said defunct banks.

The probe follows a letter by the committee last year requesting the Auditor General to undertake a special audit on the closure of all commercial banks by the Central Bank after the controversial closure of Crane Bank Limited.

In a report from the Auditor General, John Muwanga which was made public in August queries on how the central bank handled the closure of the seven commercial banks were raised.

The same report also queried how Bank of Uganda spent over Shs 400 billion on the closure of Crane Bank and half of this money is yet to be recovered.

In the special audit report carried out on these banks, it indicates that there were no guidelines, regulations and policies in place to guide the identification of the purchases of the defunct banks.

It highlighted that there were also no guidelines to determine the procedures to be adopted by Central Bank in the sale and transfer of assets and liabilities of the defunct banks to the identified purchaser.

Tags: Bank of UgandaclosureCrsne Bankdefunct banksJuma KisaameLouis KasekendeNewsParliamentpigletsSoft Power NewsTumusiime MutebileUganda

Recent Stories

Ethiopia’s Fotyen Tesfay Smashes Course Record with Historic Barcelona Marathon Win

Uganda’s Esther Chebet Wins Gold at Málaga Half Marathon

Yeko Strikes Gold as Bugema Athletes Shine at World University Cross Country Championships

Abel Chelangat Wins Barcelona Marathon with Stunning Personal Best

Museveni Praises Retired Chief Justice Owiny-Dollo’s Distinguished Service at Grand Homecoming

Black Pirates Defeat Makerere Impis 31–9 to Stay Top of Uganda Rugby Premiership

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?