DFCU CHAIRMAN, JIMMY MUGERWA CONNIVED WITH BAGYENDA TO HIDE CRANE BANK BAD LOAN BOOK RECORDS

mugwere

As a parliamentary committee started quizzing Bank of Uganda (BoU) top officials on the seven closed banks, classified information indicates that former Executive Director in charge of Supervision Ms. Justine Bagyenda, while still at the central bank connived with Dfcu executives led by Bank Chairman, Mr Jimmy Mugerwa to keep Crane Bank’s bad books off the record as a way of sweeping their dirt under the carpet since the deal was done. The bad books are records indicating details and securities of people that take loans from any lending institution.…

Read More

Money BoU Will Pay Lawyers During COSASE Hearing Is Astronomical

BOU

Bank of Uganda will pay Shs25 bn to private lawyers who will represent and offer legal services during the inquiry by the parliamentary committee on Commissions, Statutory Authorities and State Enterprises (Cosase), media reports said. Daily Monitor recently said MPs on COSASE are reviewing the new documents which include invoices presented by external lawyers for payment of legal fees. These include  tax invoices/debit note to BoU legal counsel contain, among other things, the 18 per cent Value Added Tax (VAT) charge, professional fees, and other detailed expenses covering photocopying of…

Read More

MTN sponsors Jose Chameleon’s “Legends Saba Saba” concert

Jimmy Ssempuuma MTNs Regional Marketing Coordinator Central adressing the press together with Jose Chameleon and Balaam Barugahara

  Jimmy Ssempuuma MTNs Regional Marketing Coordinator Central addressing the press together with Jose Chameleon and Balaam Barugahara  Kampala – MTN Uganda has  announced sponsorship of Jose Chameleon’s “Legends Saba Saba” concert slated for Friday, 7th December 2018 at the Lugogo Cricket Oval. Chameleon, whose music recently crossed the 20-year mark, has been one of the long-term musicians that MTN Uganda has supported over the years. According to Valery Okecho, the Manager Corporate Communications at MTN Uganda said that for the last twenty years, the telecom company has supported the music industry and…

Read More

KASEKENDE ILLEGALLY -BROUGHT BACK MILTON OPIO AFTER INTERDICATION FOR STEALING 13.4bn IN OPM SCAM

Shocking details about the director in charge of security at the bank of Uganda Milton Opio-Orech have emerged. For those who doesn’t remember, Milton Opio-Orech formerly worked at bank of Uganda as Senior Principal Banking Officer as Director banking. Opio was accused of aiding fraud in which government lost over shs13.4bn under Northern Uganda. He connived with Geoffrey Kazinda, to withdraw billions of shillings meant for post-war recovery efforts in northern Uganda and Karamoja sub-regions using forged signatures. Opio did not consult OPM former Permanent Secretary Pius Bigirimana whose signature…

Read More

peacock kaweesa Att Pilsner Injects Shs450M Into Ugandan Football

????????????????????????????????????

 UBL Head Of Beer Estella Muzito(C) Handing Over Shs 1M Cash Token To Viper SC Head Coach Javier Martinez Espinosa At Luzira (By PEACOCK KAWEESA) The Uganda  Breweries  and  Uganda Premier League  have  signed a three years  partnership  deal  to promote Ugandan football. The   beer giant company through its Pilsner lager brand and the football authorities  have signed a four hundred and fifty million shillings (shs450m) sponsorship deal to boost the sport.  The sponsorship  deal is to  reward every month  coach of  the  month,  player of the month and man…

Read More

NSSF’s New Payment Plan to Allow Partial Payments for Eligible Members

????????????????????????????????????

NSSF Head of Marketing and Communications, Barbra Arimi and Patrick Ayota, NSSF Deputy Managing Director  addressing the press The National Social Security Fund (NSSF) has today announced a benefits payment plan that will allow qualifying members to retain part of their savings with the Fund at the point of exit to avoid depletion of their life savings within a short period. The innovation, dubbed NSSF DrawDown Payment Plan,will be eligible to members who qualify for Age Benefit and Withdrawal Benefit. According to the NSSF Act, Age Benefit is paid to a member of the Fund…

Read More

HIMA CEMENT REVAMPS SUPASET TO INCREASE EFFICIENCY BY OVER 40%

him

L-R: Hima Sales Director, Israel Tinkasimiire, Chairman of Construction Hardware Dealers Association Abbas Mutyaba and Allan Ssemakula the Hima Cement Marketing Director unveil the new Supaset cement brand Hima Cement has today announced the launch of an improved and efficient brand, Supaset that is set to increase efficacy by at least 40%. “We are committed to developing and improving to provide high quality products that our customers can trust and rely on. Our products adhere to the stringent quality standards and undergo very strict testing procedures to ensure reliability.” Said…

Read More

Transport Boss Wants Govt To Install Cameras In Taxi/Bus Parks

park1

The heavily crowded old taxi park that requires CCTV cameras to help fight the high level of entrenched crime By Kitts D.Mabonga The government has been urged to consider extending the possibility of wiring CCTV cameras among taxi and bus terminals given the huge movement of people, traffic and goods as it remains a potential terrorist target. The appeal has been made by the boss of Ewakula Enumme Buses and taxis William Katumba during an exclusive interview with Xpress Times at his Aponye plaza in Nakasero offices yesterday. some of…

Read More

Rugunda Commends The Carter Center For Supporting Uganda

DR2

  Minister Rugunda flanked by Amb. Mary Ann Peters with health minister Dr.Ruth Achen and other officials shortly after commissioning the new office block By Kitts D.Mabonga The prime minister Dr. Ruhakana Rugunda has commended the Carter Center for its continued financial and logistical support extended to the  Vector Control Division of the ministry of health  saying the relationship was most  appreciated by the government given that the support has helped transform the health conditions of the people. He made the remarks last Friday while opening a newly constructed one…

Read More

HOW KASEKENDE, BAGYENDA, MUGERWA& SEKABIRA DISAPPEARED WITH 600BN CRANE BANK BAD BOOK

BOU-5

Deputy Governor Bank of Uganda Louis Kasekende together with former Director supervision Justine Bagyenda have been placed into spotlight for disappearing with shs 600bn bad book belonging to former Crane bank. This Bad Book belonged to Former Share Holders of Crane Bank. Kasekende, Jimmy Mugerwa the Managing director Tallow oil Uganda, Bagyenda also connived with Benedict Ssekabira the director commercial banking bank of Uganda. It should be noted that Crane bank bad book was also a point of contention in the auditor general’s report as he noted that he was…

Read More