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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