Bank of Uganda closure of Banks Archives

Court dismisses Bank of Uganda application to avoid accountability to shareholders of the defunct Greenland Bank

by CEO ReporterCommercial Justice The Big StoryJanuary 25, 2023January 25, 2023

The Commercial Court’s Hon Justice Stephen Mubiru has dismissed an application by the Bank of Uganda to drop a case brought against it by 31 shareholders of the defunct Greenland…

THE 24-YEAR UNSOLVED QUESTION: Did Bank of Uganda seize and sell the assets of the wrong Co-operative Bank?

by Muhereza KyamuteteraIndustry & Analysis News & Analysis The Big StoryJanuary 25, 2023January 25, 2023

Twenty-four (24) years, after Bank of Uganda, seized and sold the assets of the Co-operative Bank, the mystery of the ownership of the bank that was sold remains unresolved. This…

Prosecution of Kasekende, Bagyenda and others, over the irregular disposal of defunct banks’ assets delayed as DPP asks police to conduct further investigations

by CEO ReporterThe Big StoryJanuary 23, 2021January 23, 2021

Borrowers and owners of the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda irregularly and at giveaway…

CID confirms commencing investigations against Kasekende, Bagyenda and Sekabira

by The CEO Magazine TeamThe Big StoryJuly 5, 2020July 5, 2020

Slightly over two years after an investigation by the Parliamentary Public Accounts Committee on Commissions, State Authorities and State Enterprises (PAC – COSASE) ended, with stern recommendations to punish Bank…

End of an era or error? Did Kasekende’s uncontrolled desire to replace Mutebile lead to his own downfall?

by Muhereza KyamuteteraFinance The Big StoryFebruary 7, 2020February 7, 2020

Law No. 1 of 48 laws of power: Never outshine the master! Make your masters appear more brilliant than they are and you will attain the heights of power. When it comes…