Justine Bagyenda ordered DFCU to keep Crane Bank’s bad loan book secret

BAGYENDA

It has come to light that former Executive Director in charge of Supervision Ms. Justine Bagyenda, while still at the central bank ordered Dfcu executives to keep Crane Bank’s bad books off the records. This shocked parliamentary committee  while investigating Bank of Uganda (BoU) top officials on the seven closed banks, “The assets acquired and liabilities assumed will be reported separately from DFCU’s balance sheet for the 31st January 2017 end of month reporting to BoU. The first consolidated balance sheet will be that of 31st march 2017,” Bagyenda wrote to…

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Youth Power Research Uganda Appreciates the Auditor Generals Reports over Closed Banks

raj ra

Earlier today the organization of you power research Uganda limited held a press conference appreciating the attorney general resolution and his report over the closed banks in few years due un professional manners In their statements the appreciated as Dear Press men and women, we welcome you to this auspicious occasion of expressing gratitude to Auditor Generals office(AG)s  for releasing rigorous report to parliament about the irregular shutdown of Crane bank (CB) and other 5 banks by Bank of Uganda. We thank you for always walking with us side by…

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