Defunct Banks Archives

The former Greenland Towers on Plot 30 Kampala Road, that has since been sold, is one of the properties that the defunct bank's shareholders claim was sold irregularly and at below-value.

Court dismisses Bank of Uganda application to avoid accountability to shareholders of the defunct Greenland Bank

The Commercial Court’s Hon Justice Stephen Mubiru has dismissed an application by the Bank of Uganda to drop a case brought against it by 31 shareholders of the defunct Greenland Bank for

January 25, 2023

Legal & Justice·The Big Story

Left to right: Dr. Louis Kasekende, Mrs Justine Bagyenda and Benedict Sekabira have the major actors in the faulty sale of 7 defunct banks

Noose tightens as DPP names Kasekende, Bagyenda and Sekabira as suspects in defunct banks mess

Borrowers and owners from the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda, in a process that the Parliament

August 7, 2020

The Big Story

A screen grab from NBSTV of Kasekende at the Jinja event in which he spoke out defiantly against the COSASE recommendations

COSASE recommendations on BoU: a defiant Kasekende disagrees with COSASE, Mutebile

In what is perhaps Bank of Uganda’s first response to parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) report that implicated the central Bank and several of its high ranking

April 25, 2019

Banking & Financial Services·Company News·Politics & Goverment·The Big Story