Matooke Republic
Thursday, July 3, 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

National Exclusive: There was plane change in Bank of Uganda “money heist” case

Matooke Republic by Matooke Republic
June 14, 2019
in News
Reading Time: 4 mins read
111
SHARES
Share on FacebookShare on Twitter

Money Heist is a popular series where a criminal set-up takes a currency printery under siege to print several million dollars. Ugandans on social media have termed the current Bank of Uganda saga where several Bank of Uganda officials from the currency and procurement departments are being investigated for printing Ugandan currency for their private benefit as Ugandan version of Money Heist.

News broke this Friday morning that State House’s Anti-Corruption Unit led by Col. Edith Nakalema had arrested five BoU officials in relation to the saga. Col. Nakalema confirmed the development though she did not divulge the details.

“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

UPDF helicopter crashes near Mogadishu Airport, killing five people

NRM supporters sent to prison over street robbery during Museveni’s nomination event

Col. Edith Nakalema is heading the investigation.

Earlier sources claimed BoU officials had brought in Shs90 billion for their own personal use. That detail is yet to be verified.

Matooke Republic has learnt the details surrounding the saga that has gripped the nation all stem from a change of planes at an Airport in Leige, Belgium. The money was printed by M/s Oberthur Fiduciaire in France and driven by road to Belgium where a private plane had been chartered to airlift the money to Uganda.

The official amount printed was a “70 million pieces of Shs5,000 notes” that totaled to Shs350 billion. The money was supposed to be flown in a privately chartered plane MD-11F courtesy of M/s KUENEL + NAGEL with flight no. AJK4042/LGG-EBB/26th April 2019. However, there was a change of plan to another plane B747-400BCF and that is when the saga unfolded.

BoU officials grilled by Col. Nakalema stated that the printing company was in charge of the entire process after having been paid $196,931 as freight and insurance to KUENEL + NAGEL, the company selected to transport the money.

The money was printed by French firm Oberthur.

The new plane landed at Entebbe Airport on April 27, 2019 and an anomaly was noted by some BoU and customs officials that whereas the expected 1,400 boxes, packaged in 20 pallets arrived, there were an extra 5 pallets on the said plane.

Those pallets have formed the basis of Nakalema’s investigations to ascertain what exactly they contained, why they were on the plane yet the bill of lading only had 20 pallets and their possible whereabouts at the moment. It should be noted that BoU had paid for a privately chartered plane which should have contained only cargo meant for the central bank.

BoU officials state that the extra boxes contained unserviceable parts of the MD-11F plane that had originally been chartered and other items.

These same details were furnished to BoU Governor Emmanuel Tumusiime Mutebile, including the contracted printer claiming that the extra boxes belonged to them. Oberthur the company contracted to print the money went ahead to offer a remedy of $15,000 (about Shs57m) or a 10% discount on the next consignment. Unconvinced, Mutebile called in State House’s Anti-Corruption Unit and the sweep led to the arrest of several officials.

Customs (URA) and Civil Aviation Authority officials have also been questioned by the unit.

The investigations could lead to more rot exposed in Bank of Uganda as sources intimated to Matooke Republic that BoU items have always passed at the airport unchecked as they are “classified items.”

BoU is already grappling with a tainted image after a Parliament probe into the closure and takeover of seven commercial banks pointed to corruption within the institution.

Related

Tags: BoUEdith Nakalema
Share45Tweet28Send
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

Here’s how the 'nkuba kyeyo' are changing Uganda’s economy, dodging unemployment

Photos: Vinka Showcases mixologist talents' at Ciroc Pop Nights

RECOMMENDED

Dax Vibez.

Dax Vibez moves concert to UMA showgrounds after Hotel Africana pullout

July 3, 2025

UPDF helicopter crashes near Mogadishu Airport, killing five people

July 2, 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

    3751 shares
    Share 1500 Tweet 938
  • Dj Karo finally wins over Cedric Babu’s heart, introduction underway

    179 shares
    Share 72 Tweet 45
  • 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

    89 shares
    Share 36 Tweet 22
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    80 shares
    Share 32 Tweet 20
  • Cedric Babu Ndilima, son of Capt. Francis Babu, dies after battle with heart condition

    118 shares
    Share 47 Tweet 30
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.