WORLD ANTI-CORRUPTION WEEK: Where is the promised action on BoU officials implicated in multibillion irregular takeover and sale of 7 defunct banks?

On this day, 28th November, 2017 following several complaints about the irregular closure of several commercial banks by Bank of Uganda, the Public Accounts Committee on Commissions, State Authorities and State Enterprises (PAC – COSASE) vide letter requested the Auditor General (OAG)to undertake a special audit on the closure of 7 commercial banks by the Central Bank. The seven banks are: Teefe Trust Bank, International Credit Bank, Cooperative Bank, Greenland Bank, Global Trust Bank, National Bank of Commerce and Crane Bank Limited. Bank of Uganda tried and failed to block the audit and following the intervention of the Speaker of…