Matooke Republic
Saturday, October 31, 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

Two arrested for killing two-year-old girl after demanding Shs10m ransom

Prominent Ugandan Kickboxer Patricia Apolot, wife of General Peter Elwelu, speaks out on husband’s whereabouts amid claims he was forming a rebel group

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

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

by Matooke Republic
5 months 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
4 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
5 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
5 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

RECOMMENDED

Joshua Baraka offers discounted concert tickets following Tiwa Savage collaboration

October 30, 2026

Two arrested for killing two-year-old girl after demanding Shs10m ransom

October 30, 2026

MOST VIEWED

  • Prominent Ugandan Kickboxer Patricia Apolot, wife of General Peter Elwelu, speaks out on husband’s whereabouts amid claims he was forming a rebel group

    139 shares
    Share 56 Tweet 35
  • Government doubles allowances for public officials, including the Vice-President, Prime Minister, Ministers, Chief Justice, Judges, IGP, District Chairpersons, Mayors and Councillors; Here is the list of new rates

    66 shares
    Share 26 Tweet 17
  • Former Bank of Uganda governor Mutebile’s son sues stepmother over billions in hidden estate assets, alleges he was forced into a psychiatric facility to stop him from challenging estate management; here is the list of allegedly concealed assets

    40 shares
    Share 16 Tweet 10
  • Who is Acting Major General Oscar Munanura, the new Chief of Defence Intelligence and Security of the UPDF?

    30 shares
    Share 12 Tweet 8
  • All you need to know about the newly naturalised players of Ugandan heritage joining the Uganda Cranes

    87 shares
    Share 35 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 2026

© Matooke Republic 2026

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