Top Stories in Parliament
  • Conflict of Interest Cited in Global Trust Bank Sale
    Comments 347 Views

    Mbarara Municipality MP Michael Tusiime raised concerns saying that according to the list of shareholders of DFCU Bank availed by the Central Bank to COSASE, Bank of Uganda holds shares in the commercial bank under the Bank of Uganda Staff Retirement Benefit Scheme and Bank of Uganda Staff Pensions Fund held shares in DFCU.

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  • Bagyenda Defends Sale of Closed Banks Assets
    Comments 341 Views

    Bagyenda said that for over eight years the Central Bank had been selling off the assets of the three banks and they were of the opinion that those that they had failed to sell were not that good. She insisted that the Central Bank hired M/S Bageine, a private firm to carry out the valuation of the bank assets. However, she could not table the valuation reports before the committee.

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