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Tag Archives: bank of uganda

Auditor General orders for audit on BoU currency saga

Kampala, Uganda | THE INDEPENDENT | The Director Forensics at Auditor General’s Office James Bantu has commissioned an audit in regards to the Bank of Uganda extra cargo that was loaded on a chartered plane in April this year. It is alleged that around March 1st and April 27th, 2019 …

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Kadaga clears COSASE to probe BoU

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Rebecca Kadaga has directed the Committee on Commissions, Statutory Authorities and State Enterprises – COSASE to conduct proceedings on issues that were not concluded as pertains matters on the closure of seven commercial banks by Bank of Uganda. The seven …

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Forex bureau sues BoU for revoking license

Kampala, Uganda | THE INDEPENDENT | Jaffery Forex Bureau Limited has sued Bank of Uganda seeking compensation of Shillings 9.5 billion for revoking its license illegally. The Forex Bureau has filed its suit in the Civil Division of High Court through Kinobe Mutyaba Advocates. They are challenging the Central Bank …

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Charged BoU officials leave office

Kampala, Uganda | THE INDEPENDENT | Three Bank of Uganda employees charged in the anti-corruption court over a procurement scandal, have taken leave from office in line with the Public service rules that require a public servant to step aside, in the face of an investigation. The three officials are …

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BoU complained to money printer for breach of contract

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has expressed disappointment with the company contracted to print Ugandan currency over failure to transport cargo on agreed terms. The letters, which reveal the actual agreements between the Central Bank and Oberthur Fiduciare, the company that printed money, indicate that the …

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Mutebile tight-lipped on BOU procurement scam

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has refused to reveal the amount of money the institution was carrying into the country when extra pellets were discovered on a chartered plane. He also said he was not aware of the police investigations into claims of …

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