Defunct Banks Archives – CEO East Africa

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…

Noose tightens as DPP names Kasekende, Bagyenda and Sekabira as suspects in defunct banks mess

by CEO ReporterThe Big StoryAugust 7, 2020August 7, 2020

Borrowers and owners from the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda, in a process that…

COSASE recommendations on BoU: a defiant Kasekende disagrees with COSASE, Mutebile

by Muhereza KyamuteteraCompany News Finance Government Agencies The Big StoryApril 25, 2019April 26, 2019

In what is perhaps Bank of Uganda’s first response to parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) report that implicated the central Bank and several of its…