COSASE REPORT: National Bank of Commerce moves to sue BoU for UGX295bn as BoU braces itself for over UGX 1 trillion lawsuits
DIrectors and shareholders of the defunct National Bank of Commerce appear before COSASE in February 2019. They want to be compensated UGX295bn for the "illegal" closure of their bank. Munyagwa's probe is believed by the many to be revisionist and an attempt to exonerate BoU
NBC's letter to the constitutional court, seeking to amend their case, to add "new material developments" believed to be findings by the Auditor General and COSASE about the illegal closure of the bank on September 2012
National Bank of Commerce (NBC) has become the first bank to drag Bank
of Uganda (BoU) to court, following the damning Committee on Commissions,
Statutory Authorities and State
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