Charles Sirleaf, the son of former President Ellen Johnson Sirleaf, was arrested in the capital, Monrovia, on Thursday night, justice officials have confirmed. He was a deputy governor of the Central Bank during the unlawful and unregulated printing of close to $104m (£78m) worth of local banknotes. Justice Minister Musa
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dfcu Bank has today announced a contribution of Shs15m as one of the sponsors of the upcoming Transformational Leadership Forum and the Kirk Wallum Jazz concert slated for 7th March 2019. The contribution is towards fundraising efforts for the Rotary Blood Bank at Mengo Hospital which was constructed by Rotary
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The former Chairperson of the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE), Abdu Katuntu has accused Bank of Uganda officials of taking advantage of distressed banks to loot shareholders and thus kill their businesses. “It is true these banks were distressed but that didn’t mean that somebody should
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The former Chairperson of the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE), Abdu Katuntu defended the Committee report on closure of seven defunct banks for not naming individuals who should take responsibility. This is after a number of MPs bashed the report during yesterday’s debate in Parliament, calling
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Members of Parliament want Bank of Uganda (BoU) top bosses fired and punished for the mess in handling the closure and sale of seven defunct banks. Prof. Emmanuel Tumusiime-Mutebile, BoU Governor, his deputy, Dr. Louis Kasekende, former Executive Director Supervision, Justine Bagyenda and Benedict Ssekabira among others are the names
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The Speaker of Uganda’s Parliament Rebecca Kadaga has warned Benedict Ssekabira, the Director Financial Markets and Development at Bank of Uganda (BoU) against blackmailing Parliament. Kadaga made the remarks i her communication to parliament this afternoon, noting that Ssekabira wrote to her raising concerns on some of the key findings
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Kenya’s Central Bank Governor (CBK) Patrick Njoroge (in featured photo) on Tuesday revealed that 99.3 percent of bank accounts in Kenya have less than Ksh.1million (about UShs37 million), Citizen TV reports. Njoroge, appearing before the Parliamentary Committee on Finance and National Planning on Tuesday, said most Kenyans willingly report on
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Officials implicated in the controversial closure and sale of seven banks are in trouble after the Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) report advised the Inspector General of Government (IGP) and Uganda Revenue Authority (URA) to take action on them. COSASE investigations into BoU followed the
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Dr. Adam Mugume, the Executive Director, Research at Bank of Uganda (BoU) has revealed that the Central Bank is still in talks with property mogul Sudhir Ruparelia for an out-of-court settlement in a case the Central Bank sued the former Crane Bank owner over mismanagement. “There’s a cabinet decision not
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Stanbic Bank has contributed Shs30 million towards the National Social Security Fund (NSSF) Kampala 7 hills hash run whose main aim is to raise money to refurbish and improve learning environments for children in KCCAschools across the city and upcountry schools in rural areas. The Kampala Seven Hills Run is
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