Matooke Republic
Monday, May 4, 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

BoU Money Heist: Three officials re-arrested, investigations expand to upcountry currency centres

Matooke Republic by Matooke Republic
June 19, 2019
in News
Reading Time: 2 mins read
41
SHARES
Share on FacebookShare on Twitter

Three Bank of Uganda officials have been re-arrested in connection with the currency scandal.

The officials are being held in connection to what State House’s Anti-Corruption Unit Col. Edith Nakalema termed as “investigation on a matter pertaining the bank’s procurement and supply chain activities” when her unit stormed BoU and held several officials last week.

The saga shocked the public last Friday after news broke that a plane chartered by BoU to carry freshly printed currency notes had landed at Entebbe airport with 25 palettes instead of the 20 that were expected.

RELATED POSTS

High Court sentences Okello to death for killing four toddlers in Ggaba Daycare attack

Christopher Okello convicted of killing four children

Following the news, rumour was rife that BoU officials had printed an extra Shs90 billion genuine but unathourised currency for their own benefit. This led to conflicting statements between different agencies with police pointing at investigating the printing of excess cash while Government spokesman Ofwono Opondo sanitized the scandal saying that the five palettes carried goods of businessmen like MTN’s Charles Mbire, Omar Mandela and UN agencies.

Now news reaching Matooke Republic’s desk indicates that Police has expanded their investigations to upcountry currency centres.

URN reported earlier today, that a senior police detective from Police’s Criminal Investigations Department intimated to them that after investigating top BoU officials, the investigating team led by CID Director Grace Akullo found leads in three currency centres.

The heads of three currency units in Mbale, Kabale and Fort Portal are being interrogated on whether they had prior knowledge on the five extra palettes that were transported on the BoU chartered plane.

As investigations into the saga continue, BoU’s image has been tainted in the eyes of the general public because this is not the first scandal, they are embroiled in. A February report following a probe by Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises pointed at corruption within BoU in connection with the closure and takeover of seven commercial banks in the recent past.

Related

Tags: BoU
Share19Tweet9Send
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
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

...

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
4 years ago

...

Next Post

Ugandans up in arms as ‘luxurious’ Kampala Hospital demands a deposit of more than Shs1m before treating a patient

Interesting facts about Cairo International Stadium where Uganda Cranes games and the AFCON final will be played

EC EC EC

RECOMMENDED

L–R: Lt. Gen. Sam Kavuma and Ruth Kavuma (parents of the groom), newlywed couple Jethro Tashashina and Nsasiirwe Keinembabazi Karugire (centre), and Edwin Karugire and Natasha Museveni (parents of the bride).

Museveni’s Granddaughter Weds Gen. Sam Kavuma’s Son

May 3, 2026

Abeeka Band Proves Live Bands Are No Longer Background Music

May 3, 2026

MOST VIEWED

  • Parents of the groom, Lt. Gen. Sam Kavuma and Ruth Kavuma (seated), pose with Nsasiirwe Keinembabazi Karugire and her fiancé Jethro Tashashina (standing centre).

    PICTORIAL: Inside President Museveni’s granddaughter Nsasiirwe Karugire’s Kuhingira Ceremony in Kashari

    45 shares
    Share 18 Tweet 11
  • Museveni’s granddaughter Sasi Karugire holds Kuhingira ceremony

    45 shares
    Share 18 Tweet 11
  • Why government is banning daycare services in nursery schools and kindergartens

    33 shares
    Share 13 Tweet 8
  • Museveni’s Granddaughter Weds Gen. Sam Kavuma’s Son

    15 shares
    Share 6 Tweet 4
  • Museveni’s granddaughter Tasha Kunzi Karugire gets engaged

    89 shares
    Share 36 Tweet 22
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.