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 Enterprises (COSASE) that implicated the central bank for flouting several sections of the Financial Institutions Act, (FIA) 2004. According to correspondences seen by this news site, NBC lawyers, Nambale, Nerima & Co…
The Auditor General (AG) Mr John F.S Muwanga, has declined to consider documents from Bank of Uganda that could hold clues to how UGX270bn out of the UGX478.8bn that was allegedly used to recapitalise the defunct Crane Bank was used, because they were submitted late. According to a leaked letter from the office of the Auditor General, that this news…
Even before the dust settles over revelations that disgraced former BoU Executive Director, Mrs Justine Bagyenda literally vended and in the words of Parliam Even before the dust settles over…
It is said, November is the month to remind us to be thankful for the many positive things happening in our life, but for the Ruparelias, November 2018, was a…
According to Mr. Mihir Vora, founder and CEO of MagnusMedi, the medical camp is targeted at “serving patients who have been diagnosed with or are undergoing treatment for any form…
Following a recent revelation last that sacked former central bank Executive Director in charge of supervision, Justine Bagyenda, wired up to Shs499,428,906 million to a mobile money account belonging to…
At Parliament on Tuesday, Budadiri West MP Nandala Mafabi, who is leading the chorus for an audit into BoU, told Parliament that Kasekende was attempting to shield a “mafia
Given the typically high costs of investment in the real estate sector, most of the scale (medium to large) projects in Uganda are funded through borrowing (debt) from the financial…
In the application 954 of 2016 that is before the Commercial Court, KKL Advocates claims that, on March 19, 2015, UNRA instructed them to defend the Authority in civil suit…
If the Bill is not drafted and framed with the diligence, expertise and understanding of property law and management, it is going to destroy the property market under the guise…
