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Did BoU illegally transfer Crane Bank’s bad loans to dfcu?

BoU’s Deputy Governor (L) and former Executive Director Supervision, Mrs Justine Bagyenda (C), the key players in the resolution of the defunct banks. Did Mutebile fail to exercise enough oversight over the duo?

The revelation by the Auditor General and corroborated by an interview with the former Executive Director Supervision (EDS) Mrs. Bagyenda, that Bank of Uganda did not carry out an independent valuation of the assets and liabilities of Crane Bank but instead “relied on the inventory report and due diligence undertaken by dfcu

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