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

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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.…

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