A requiem Service was on Thursday held for the late Rt. Rev. Cyprian Bamwoze, the former Bishop of Busoga Diocese who succumbed to Leukemia on Monday at the Uganda Cancer Institute.
Read more ...Ntagali was speaking at the requiem service for the former Bishop of Busoga Diocese, the late Rt. Rev. Cyprian Bamwoze at St. Pauls Cathedral, Namirembe.
Read more ...Ntagali said the Church was bidding farewell to a man who served the Lord very well. He said the late Bishop Bamwoze was present in the House of Bishops in 1977 when the former Archbishop Janan Luwum was whisked away and killed during the reign of President Idi Amin Dad
Read more ...Over the past few weeks, the commissions commitee of Parliament has been probing how the Cooperative Bank in 1997 was incorporated replacing and taking over assets and liabilities of a previous Bank, incorporated under the Cooperative Societies Act in 1964, under the same name.
Read more ...The Public Accounts Committee PAC is mandated to examine the audited accounts by the Auditor General showing the appropriation of the sums granted by Parliament to meet the expenditure of the central government and judiciary.
Read more ...The lawyers from MMAKS Advocates were paid USD 230,000, which translated into 759 million Shillings at the 2017 exchange rate, for services relating to the transactions by the Central Bank in the closure and sale of Crane Bank Limited.
Read more ...Vincent Wabwoya, the Budadiri East MP said it was just common sense for MMAKS Advocates to see that there conflict of interest for them to advise the Central Bank and also remain legal advisors to different commercial banks.
Read more ...On Tuesday, MPs quizzed officials of URSB on the circumstances surrounding the incorporation of the bank in 1997. The legislators insisted that the URSB did not carry out effective investigations and due diligence to ascertain the identity and legitimacy of the subscribers to the shares in the memorandum of association.
Read more ...Tumubweine Twinemanzi, the BoU Executive Director of Supervision started off by disputing allegations made by the shareholders of the defunct Global Trust Bank-GTB, regarding the manner in which the bank was shutdown.
Read more ...The Chairman of Rotary Blood Bank Program Board Emmanuel Katongole says the blood bank is in dire need of specialized equipment to facilitate testing, processing, packaging and production of blood components like platelets, red blood cells and plasma. Part of the money is to purchase a fully equipped Mobile Blood Bank.
Read more ...The search followed the arrest of Evelyn Nanyonga, an officer at Seal Investments, handed over to the parliament police to facilitate the search for documents, which were required by the Commissions, Statutory Authorities and State Enterprises COSASE committee, currently investigating irregularities in the sale of commercial banks.
Read more ...Kalema, together with other board members were today appearing before parliaments Commissions, Statutory Authorities and State Enterprises COSASE committee, which is investigating circumstances under which commercial banks were closed.
Read more ...Kasaija told the committee chaired by Bugweri County MP Abdu Katuntu that before the bank closure, he raised Sudhir on phone urging him to sell some off some of his properties and not to let the bank sink. The Minister said that Sudhir did not heed to his advice responding that he was tired of the bank.
Read more ...President Yoweri Museveni says that he is to seek more information about the Miss Curvy pageant that has currently sparked controversy and offer guidance.
Read more ...Museveni noted that many people in the ministries are parasites.
Read more ...Ivan Asiimwe, a former shareholder of Cooperative Bank Limited informed the committee that in 1964 different cooperative unions established the Cooperative Bank under the Cooperative Societies Act and that a second Cooperative Bank was incorporated in 1997 under the Companys Act.
Read more ...Biribonwa said that the investors including Atlas Mara and Lanka Orix Leasing Company LOLC, a Sri Lankan investor had also met with the former BoU Executive Director Supervision, Justine Bagyenda and that she knew they were in the process of conducting due diligence.
Read more ...Sudhir says that Crane Bank was never interested in acquiring the assets and liabilities of the National Bank of Commerce-NBC, but was coerced by former Central Bank Executive Director Supervision, Justine Bagyenda, through a phone call placed to former Crane Bank Managing Director A.R Kalan.
Read more ...According to Sudhir, the Purchase of Assets and Liabilities PA agreement signed between BoU and DFCU did not have details of all assets and liabilities that were being taken over.
Read more ...The bank was in 1999 put under liquidation by the Central Bank which could later on 5th December 1998 take over its management and control. Between 5th December 1998 and 31st March 1999, a number of depositors withdrew their deposits culminating into the termination of the operations of Greenland Bank.
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