OPINION: Shielding delinquent bankers, ignoring odious debt: Everything that is wrong with the UGX142 bn Basajjabalaba ruling

Justice Kenneth Kakuru

The no nonsense Justice Kenneth Kakuru said that the UGX142 billion would never have been lost without the involvement of UBA Bank, Orient Bank, Bank of Baroda, and Tropical Bank. He said that the banks “individually and collectively” provided Basajjabalaba “with the key to the national treasury” and “provided him with the password to the safe” and that “without them this money would never have been lost.” He concluded that they are to blame for the loss of over UGX 142,698,096,338/= of taxpayers’ money. He however stopped short of ordering that they refund the money.