• 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
Uganda’s Community HIV Model Delivers Strong Results in Viral Load Control

Uganda’s Community HIV Model Delivers Strong Results in Viral Load Control

6 hours ago
Museveni, Qatari Investor in Talks on Lithium, Energy & Agri Investments

Museveni, Qatari Investor in Talks on Lithium, Energy & Agri Investments

15 hours ago
Natasha Nyonyozi Radiates Ugandan Pride at Miss World 2025 Opening in India

Natasha Nyonyozi Radiates Ugandan Pride at Miss World 2025 Opening in India

16 hours ago
Team Uganda Smashes 4x400m Mixed Relay Record Twice in China

Team Uganda Smashes 4x400m Mixed Relay Record Twice in China

1 day ago
Sax, Soul & Stardom: Jazz Royalty Isaiah Katumwa and Kirk Whalum Electrify Kampala

Sax, Soul & Stardom: Jazz Royalty Isaiah Katumwa and Kirk Whalum Electrify Kampala

2 days ago
Karan Patel, Tauseef Khan Seal Third Straight ARC Title at 2025 Pearl of Africa Rally

Karan Patel, Tauseef Khan Seal Third Straight ARC Title at 2025 Pearl of Africa Rally

2 days ago
SoftPower News
Tuesday, May 13, 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

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.

1
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 Community HIV Model Delivers Strong Results in Viral Load Control

Museveni, Qatari Investor in Talks on Lithium, Energy & Agri Investments

Natasha Nyonyozi Radiates Ugandan Pride at Miss World 2025 Opening in India

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

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


The reCAPTCHA verification period has expired. Please reload the page.

Recent Stories

Uganda’s Community HIV Model Delivers Strong Results in Viral Load Control

Museveni, Qatari Investor in Talks on Lithium, Energy & Agri Investments

Natasha Nyonyozi Radiates Ugandan Pride at Miss World 2025 Opening in India

Team Uganda Smashes 4x400m Mixed Relay Record Twice in China

Sax, Soul & Stardom: Jazz Royalty Isaiah Katumwa and Kirk Whalum Electrify Kampala

Karan Patel, Tauseef Khan Seal Third Straight ARC Title at 2025 Pearl of Africa Rally

Visit UBOS Website
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

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