Banking

Lawmakers on the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) were on Tuesday shocked to learn that Bank of Uganda (BoU) closed a ghost bank in the name of Cooperative Banks. This is after it emerged that two banks had been registered in the same name yet the

dfcu bank has spoken out on  an attempted robbery and assault of employees at its Bwaise branch in Kampala. In a statement dated February 12, 2019, dfcu bank says several armed men ambushed the bank’s staff as they were closing up to leave the branch after work. “Unfortunately, during the

Bank of Uganda (BoU) officials on Monday failed to table vital evidence before MPs on the Committee Of Commission’s Statutory Authorities and State Enterprises (COSASE) regarding the controversial closure of seven defunct banks. This led to the abrupt end of the exit meeting that was slated to put an end

A section of MPs on Parliament’s the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has claimed that some staff of Bank of Uganda are working hard to frustrate Governor Prof. Emmanuel Mutebile’s leadership. This comes at a time COSASE is concluding investigations into the closure of the seven

Property mogul Sudhir Ruparelia did little to save his bank- Crane Bank Ltd despite having a number of properties to his name, Matia Kasaija, the Minister of Finance, Planning and Economic Development has claimed. Appearing before the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) today where he had

Crane Bank Statutory Manager, Edward Katimbo Mugwanya personally oversaw the handover of assets and liabilities of Crane Bank to dfcu bank, the Committee of Commissions, Statutory Authorities and State Enterprises ( (COSASE) that is investigating into the controversial closure of seven banks by the Central Bank has learnt. The Central

Property mogul Sudhir Ruparelia Thursday afternoon attended in person the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) sitting as a backbencher as the committee grilled dfcu bank officials over Crane Bank takeover. Clad in his signature white shirt, Sudhir who was accompanied by his son, Rajiv and lawyers