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Bank of Uganda in Spotlight over shs460b capitalization request

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MPs on Parliament’s finance committee have questioned another planned recapitalization of Bank of Uganda (BOU) with sh480b. The MPs raised the matter yesterday during...

How Mike Mukula abused Power and stole Brian White’s car by...

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So Captian Mike Mukula was paid 250 million shillings for a Mercedes Benz and his balance remained 350 million, as per his claim of...

LDU shoots dead another person over Sex Quarrel

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Abdul-Aziz Mwanjje, a Local Defence Unit (LDU) officer is in trouble for allegedly shooting dead a civilian at Kabusu in Rubaga Division in Kampala...

Golden toilet worthy Shs 4.7billion has been stolen

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A gold toilet worth Ugx sh. 4.7Billion has been stolen from the Blenheim Palace in Oxfordshire, London. The 18-carat piece was reported stolen from the...

BoU issues new tough rules to curb on Internal money theft

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Bank of Uganda (BOU) has issued new tough rules after an internal investigation revealed a theft of old currency at its Mbale branch. Dr...

Ofwono Opondo says investigation is not about 90 billion extra money...

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Government Spokesperson Ofwono Opondo has dismissed a report that the ongoing investigation into a procurement scam involving the Central Bank involves the printing of...

BoU Saga: Gov’t & BoU to print New Ugandan currency

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Members of parliament have advised the government to embark on the printing of a new currency in order to save the image of the...

UNTOLD STORY: How the plan to steal 90 billion was hatched...

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Printing of money to the tune of 378 billion was authorized by the responsible people and that was statehouse, Governor Mutebile and the executive...

More bank officials arrested as new details emerge on the 90...

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SIX top officials from Bank of Uganda (BOU) were on Wednesday arrested and questioned by Police and State House Anti-Corruption Unit over issues related...

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