#mutebile

[ugandanz]

BoU issues new tough rules to curb on Internal money theft

Branch managers have been ordered to immediately stop staff from carrying into counting rooms any items for personal use such as tea, water, food, juices among others. The managers are also required to remove waste buckets/boxes from the counting rooms.

Bank of Uganda (BOU) has issued new tough rules after an internal investigation revealed a theft of old currency at its Mbale branch.

Dr Natamba Bazinzi, the acting director administration in charge of currency, said the new rules are aimed at mitigating risks and strengthen internal controls in BOU’s currency operations.

In the new rules released on September 2, indicate that no note…

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[ugandanz]

BoU Saga: Gov't & BoU to print New Ugandan currency

The Governor of Bank of Uganda has been asked by MPs to clearly explain the saga surrounding the bank, saying that it undermines its integrity and scares away investors

Members of parliament have advised the government to embark on the printing of a new currency in order to save the image of the bank of Uganda. The Governor of Bank of Uganda has been asked by MPs to clearly explain the saga surrounding the bank, saying that it undermines its integrity and scares away investors.

FDC party deputy secretary general, Harold Kaija, said the bank has been involved…

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[ugandanz]

UNTOLD STORY: How the plan to steal 90 billion was hatched in BoU & Statehouse officials

Money reached state house and trouble came when the Bank of Uganda executive director of operations, Charles Malinga Akol returned from leave, he got a tip that his office had been used to smuggle in the money, whose documentation had disappeared

Printing of money to the tune of 378 billion was authorized by the responsible people and that was statehouse, Governor Mutebile and the executive director of operations at the bank of Uganda, Charles Malinga akol. The money was to arrive in the country towards the end of April 2019.

Shortly after Malinga went for leave and he left the deputy director in charge operations, Dr. Barenzi, in…

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[ugandanz]

More bank officials arrested as new details emerge on the 90 billion BoU scandal

SIX top officials from Bank of Uganda (BOU) were on Wednesday arrested and questioned by Police and State House Anti-Corruption Unit over issues related to the transfer of currency from France.

SIX top officials from Bank of Uganda (BOU) were on Wednesday arrested and questioned by Police and State House Anti-Corruption Unit over issues related to the transfer of currency from France. According to sources, the officials are from the departments of currency and legal.

The arrests follow anomalies found in the BOU consignment at Entebbe International Airport in early May. The money…

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[ugandanz]

BOU governor’s powers should be trimmed – COSASE

BOU governor’s powers should be trimmed COSASE has said the Constitution should be reviewed to stop the central bank governor from holding the position of chairperson of its board of directors.

The parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) has said the Constitution should be reviewed to stop the central bank governor from holding the position of chairperson of its board of directors.

Currently, the governor and deputy governor are the chairperson and vice-chairperson of the Bank of Uganda (BOU) board of directors.

“It is the…

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Bank of Uganda governor Mutebile hospitalised

Bank of Uganda governor Mutebile hospitalised

Mr Emmanuel Tumusiime Mutebile, the Bank of Uganda governor. FILE PHOTO 

The Governor Bank of Uganda, Prof. Emmanuel Tumusiime-Mutebile has been hospitalized. Mr Mutebile travelled to South Africa on May 8, 2015 for treatment and thorough medical review, according to a statement issued on the Bank of Uganda official Facebook page. “A week ago, the Governor, had briefly visited Nakasero hospital…

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