Matooke Republic
Thursday, June 18, 2026
  • 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

Money heist: State House Anti-Corruption Unit arrests five BoU officials over printing Shs90 billion for themselves

Matooke Republic by Matooke Republic
June 14, 2019
in News
Reading Time: 2 mins read
51
SHARES
Share on FacebookShare on Twitter

State House’s Anti-Corruption Unit led by Col. Edith Nakalema has reportedly arrested five Bank of Uganda officials over printing unauthorised money to the tune of Shs90 billion for private gain.

Online news outlet Eagle broke the story that Nakalema’s team stormed BoU on Wednesday after a tip off from a whistle blower who indicated that some of the Ugandan currency printed in Germany never reaches the central bank on arrival at Entebbe Airport!

“We are going to issue a statement this afternoon, that is all I can say for now,” Senior Press Secretary to the President Don Wanyama was quoted by CEO magazine when asked about the saga.

RELATED POSTS

Former Kampala Lord Mayor Lukwago charged with misprision of treason; How does the offence differ from treason?

Erias Lukwago to appear in court over treason-related charges

Col. Nakalema.

It is confirmed that Col. Nakalema is set to address the press on the matter this afternoon.

The scandal unfolded after Uganda Revenue Authority officials at Entebbe Airport insisted on verifying the bill of lading to ascertain to whether the excess Shs90 billion had been cleared in Germany before the plane flew to Entebbe.

Following the URA complaint, BoU carried out an internal investigation on how the flight from Germany to Entebbe was flown and who was aboard, the exact amount cleared by the printing firm and other items. It was discovered that more money was loaded on the plane after the bill of lading had been cleared.

Apparently, BoU director of Operations Charles Malinga Akol was on leave and in a bid to clear his name informed Governor Tumusiime Mutebile and the two brought briefed President Museveni who instructed his Anti-Corruption Unit to swing into action.

This is set be the worst scandal in BoU following the probe into the closure and take over of seven commercial banks that implicated several BoU officials in possible corruption. No action has been taken on the officials in relation to the closed banks probe, but this money heist will sure turn tables in the institution.

Related

Tags: BoUEdith NakalemaScandal
Share22Tweet12Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

BoU caps cash withdrawals at Shs50m for individuals, Shs500m for businesses

by Matooke Republic
2 weeks ago

...

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

by Matooke Republic
3 years ago

...

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

by Matooke Republic
4 years ago

...

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

by Matooke Republic
4 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
4 years ago

...

Next Post

Shocker! UBC Radio, Moroto housed in a container and broadcasts twice a month

I will only support Bobi Wine if he contests for presidency in 2040- Balaam

RECOMMENDED

Former Kampala Lord Mayor Lukwago charged with misprision of treason; How does the offence differ from treason?

June 17, 2026

Have Navio and Mith just raised the bar for African Hip Hop?

June 17, 2026

MOST VIEWED

  • How to apply for the UPDF recruitment of 10,200 soldiers and what you need

    145 shares
    Share 58 Tweet 36
  • Muhoozi drops Kabanda from PLU’s top leadership

    24 shares
    Share 10 Tweet 6
  • I saw the breakup statement like everyone else – Shakib speaks out after Zari announces split

    24 shares
    Share 10 Tweet 6
  • Erias Lukwago to appear in court over treason-related charges

    18 shares
    Share 7 Tweet 5
  • Col. Edith Nakalema alleges former Miss Uganda Stellah Nantumbwe left marriage with husband’s property

    15 shares
    Share 6 Tweet 4
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.