Matooke Republic
Tuesday, July 8, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Col. Nakalema confirms investigation into BoU “money heist”

Matooke Republic by Matooke Republic
June 14, 2019
in News
Reading Time: 2 mins read
22
SHARES
Share on FacebookShare on Twitter

The head of State House’s Anti-Corruption Unit Col. Edith Nakalema has confirmed investigations into Bank of Uganda officials. News broke earlier this morning that five officials had been arrested in connection with printing Ugandan currency to the tune of Shs90 billion for their own benefit.

Col. Nakalema has confirmed the investigation, though she was reluctant to divulge details. However, she hinted that it was in connection to “procurement.”

“The State House Anti-Corruption Unit in conjunction with Bank of Uganda is carrying out a special investigation on a matter pertaining to the Bank’s procurement and supply chain activities,” Nakalema said in a statement released this afternoon.

RELATED POSTS

Youth elect parish committees in nationwide polls

Socialite Don Chris says no one can arrest him after allegedly defrauding Ugandans of over Shs500 million with fake promises of high-paying jobs in UK and Canada

“The matter under investigation involves a recent procurement consignment. A number of senior bank personnel, Customs (Uganda Revenue Authority) and Civil Aviation Authority personnel are being questioned,” she said.

Nakalema confirmed earlier reports that the investigation was on the invitation by the BoU Governor.

Nakalema assured the public that BoU operations remain intact and uninterrupted.

Matooke Republic understands that investigation follows an April consignment of newly printed Ugandan currency that had more palettes than what was indicated on the bill of lading.

A source told Matooke Republic that this is not the first time BoU officials are bringing in more items than they are supposed to import as their consignments are usually regarded as “classified.”

Related

Tags: BoUEdith Nakalema
Share9Tweet6Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

Court dismisses “incompetent application” by BoU to drop fraudulent and wrongful closure case brought against it by defunct Greenland Bank shareholders

by Matooke Republic
2 years ago

...

BoU warns public against using cryptocurrencies to transact businesses, says it’s illegal

by Matooke Republic
3 years ago

...

BoU sued for failure to conclude Greenland Bank liquidation 21 years later

by Matooke Republic
3 years ago

...

BoU's Margaret Kasule the head of BoU's Legal Department

Legal analysts term BoU statement on Crane Bank case ruling as limp and sidestepping key issues

by Matooke Republic
3 years ago

...

WEEK IN REVIEW: Uganda to pay DR Congo Shs1.2 trillion in war damages, Sudhir wins court case against BoU as Kakwenza escapes from Uganda

by Matooke Republic
3 years ago

...

Next Post
Charles Wesley Mumbere during an interview at his house in Kasese, Sunday, Oct 18, 2009 hours before he was crowned king of the ethnic group the Bakonjo people in the Rwenzururu district of western Uganda. An African man who worked for years as a nurse's aide in the United States, caring for the elderly and sick, is back in his homeland after he was crowned king of his people in the mountains of western Uganda. (AP Photo/Karel Prinsloo)

High Court allows Mumbere to travel to Kasese to mourn his mother

Winnie Nwagi says being single gives her freedom to be with any man she wants

RECOMMENDED

Julius Mucunguzi, spokesperson for the Electoral Commission.

Youth elect parish committees in nationwide polls

July 8, 2025

Bebe Cool in Dar es Salaam for Tanzanian leg of “Break The Chains” Album Tour

July 8, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3858 shares
    Share 1543 Tweet 965
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    92 shares
    Share 37 Tweet 23
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    91 shares
    Share 36 Tweet 23
  • Properties owned by late billionaire Aponye at risk of auction over Shs15 billion loan arrears

    68 shares
    Share 27 Tweet 17
  • Pastor Bugingo’s daughter Doreen Gift awarded scholarship to Arizona State University in the US

    60 shares
    Share 24 Tweet 15
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.