National Bank of Commerce Blamed On Bagyenda

BAGYENDA

Justine Bagyenda’s reputation as a former supervisor of commercial banks in Uganda continue to wane as now former shareholders of defunct National Bank of Commerce (NBC) accuse her of closing down their bank. The shareholders say that despite raising the money needed to recapitalize their bank with Shs7bn, Bagyenda went ahead and closed their banks. The revelation was made by the former shareholders of NBC; Mr Mathew Rukikaire, former Prime Minister Amama Mbabazi and Amos Nzeyi while appearing before a Parliamentary inquiry investigating the controversial closure of seven commercial banks…

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