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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

COSASE REPORT: National Bank of Commerce moves to sue BoU for UGX295bn as BoU braces itself for over UGX 1 trillion lawsuits

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
April 6, 2019
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BoU Deputy Governor, Dr. Louis Kasekende, to whom the decision to approve the anomaly has been addressed declined to respond to our inquiry, despite having received it.

Fresh evidence emerges on how Kasekende, Bagyenda, Kutesa and Matia Kasaija secretly hatched plan to sell-off Crane Bank, 17 months before BoU took it over

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 revelations that
December 12, 2018
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