• 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

4 years ago
Report to Build our Country Not Damage it, Baryomunsi tells Journalists

Report to Build our Country Not Damage it, Baryomunsi tells Journalists

3 hours ago
Museveni Warns Parasites Opposing Free Education for all Agenda

Museveni Warns Parasites Opposing Free Education for all Agenda

3 hours ago
SFC Deputy Commander Brig Gen Bainababo Lauds Army Schools for Excellent PLE Performance

SFC Deputy Commander Brig Gen Bainababo Lauds Army Schools for Excellent PLE Performance

19 hours ago
South African Rapper AKA Shot Dead outside Restaurant in Durban

South African Rapper AKA Shot Dead outside Restaurant in Durban

19 hours ago
Stanbic Uganda Cup: Round of 32 Draw Conducted

Gen Kashure Flags off UPDF Contingent to Kenya for Multinational Field Training Exercise

20 hours ago
Stanbic Uganda Cup: Round of 32 Draw Conducted

Egypt AFCON U20: Uganda Hippos Coach Mayanja Names Final Squad

20 hours ago
SoftPower News
Sunday, February 12, 2023
  • 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.

  • Facebook
  • Tweet
  • WhatsApp
  • Telegram
  • Email

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

Report to Build our Country Not Damage it, Baryomunsi tells Journalists

Gen Katumba: Slow Progress of Standard Gauge Railway Project due to Inadequate Funds

Minister Jeje Odongo Receives Copies of Letters of Credence from New Turkish Ambassador

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.

Post Views: 1,104
  • Facebook
  • Tweet
  • WhatsApp
  • Telegram
  • Email
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 *

Recent Stories

Report to Build our Country Not Damage it, Baryomunsi tells Journalists

Museveni Warns Parasites Opposing Free Education for all Agenda

SFC Deputy Commander Brig Gen Bainababo Lauds Army Schools for Excellent PLE Performance

South African Rapper AKA Shot Dead outside Restaurant in Durban

Gen Kashure Flags off UPDF Contingent to Kenya for Multinational Field Training Exercise

Egypt AFCON U20: Uganda Hippos Coach Mayanja Names Final Squad

SoftPower News

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

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

error: Content is protected

Send this to a friend