COMPENSATION ROW; BOU on Spot again against another City Businessman in a Financial Battle

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By Xpress Times Reporter Baerly days after Meera Investments Limited’s boss Dr Sudhir Ruparelia defeats BoU in 397 billion shillings case that could also lead to BoU losing Millions of shillings in costs, The Central Bank is at it again. This time around, the Central Bank is battling Chris Tushabe Karobwa another equally powerful and established tycoon in Town. Tushabe petitioned Parliament claiming that Bank of Uganda (BoU) solely contributed to the downfall of his business empire when BoU officials mismanaged his properties he had mortgaged in Cooperative Bank prior…

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CCTV Cameras Pin Bagyenda On fellying Bank Documents .

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Former Bank of Uganda (BoU) Executive Director in-charge of commercial banks Supervision, Ms Justine Bagyenda finally accepted to have carried documents out of the central bank but maintained that she carried personal documents related to her consultancy work and not the sale of commercial banks; this was during last Wednesday while appearing before Cosase committee Ms Bagyenda said this while she and other BoU officials were appearing before Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) for questioning over controversial closure of seven commercial banks whose vital documents relating…

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Justine Bagyenda: Youth Group Want Parliament To Halt Her Appointment On FIA Board

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Youth Power Research Uganda (YPRU) has petitioned Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) to ask the minister for Finance, Planning and Economic Development Matia Kasaija to halt the appointment of Justine Bagyenda from Financial Intelligence Authority (FIA) board because of investigation hovering her head. In a July 23, 2018 letter addressed to COSASE Chairman Abdu Katuntu, Youth Power Research Uganda says that his committee should summon the ministry to explain the circumstance under which Bagyenda was reappointed as board member of the FIA even as the…

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