UGX 60 billion

Bank of Uganda Deputy Governor, Micheal Atingi-Ego has exclusively revealed that it has recovered USD 8.2 million (UGX 30 billion) of the UGX 52 billion that was lost in a debt servicing transaction to the World Bank and the African Development Fund. Mr Atingi-Ego was responding to questions concerning the recent claims of a hack into BoU’s payment systems at the reading of the Monetary Policy Statement for December 2024.  The payment transactions in question included a payment to the World Bank of US$6,1 (UGX 22 billion), which was instead paid to Roadway Co. Limited through MUFG Bank of Japan…