• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

MPs up in the arms as Kasekende attempts to block auditing of BoU

Watchdog Uganda by Watchdog Uganda
7 years ago
in News
1 0

Warning: Trying to access array offset on value of type bool in /home/90/81/2028190/web/wp-content/themes/jnews/class/Image/ImageNormalLoad.php on line 70

Warning: Trying to access array offset on value of type bool in /home/90/81/2028190/web/wp-content/themes/jnews/class/Image/ImageNormalLoad.php on line 73
ShareTweetSendShare

By our reporter

On 19 April, 2018, Bank of Uganda Deputy Governor Louis Kasekende wrote to Attorney General protesting a forensic audit by Auditor General into the operations of the Central Bank among which led to the closure of Crane Bank.

In his letter, Kasekende said the investigative audit on the resolution process of Crane Bank Ltd (in receivership) offends the sub-judice rule.

However, Members of Parliament have opposed Kasekende’s move saying that the Deputy Governor is trying to shield a mafia clique at the Central Bank which has done more harm than good to the economy of Uganda.

The Shadow Attorney General, Wilfred Niwagaba (Ndorwa East) said the Rules of Procedure give the discretion of interpreting whether an inquiry amounts to subjudice only to the Speaker and not a potential witness before a parliamentary inquiry.

Niwagaba said BoU cannot stop such an inquiry if the Speaker rules that it does not offend the law on subjudice.

Budadiri West MP Nandala Mafabi said the Auditor General must be given freedom to audit the Central Bank adding that the forensic audit should focus on the conduct of Justine Bagyenda, the former director of commercial banks supervision at the bank and other officials who were charged with the responsibility of carrying out routine supervision of Crane Bank.

Meanwhile, Abdu Katuntu, the chairperson of the committee on Commissions, Statutory Authorities and State Enterprises (COSASE) recently directed the Central Bank to provide the Auditor General with all the required documentation relating to the closure of Crane Bank.

“Entities being audited do not have the liberty to choose what should be audited. The arguments being raised by the bank of subjudice do not apply to auditing,” Katuntu told BoU.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
ShareTweetSendShare

Related Posts

Minister David Bahati
News

FAKE AND MALICIOUS! Minister Bahati denounces “baseless” rumors of NRM eviction, resignation

26th July 2025 at 17:57
National

MP Sebamala Ignites Toro Youth at Convention with King Oyo Present

26th July 2025 at 17:42
Former KCCA bosses in Court
News

The KCCA Kiteezi Disaster, Selective Memory of Institutions & When Audit Warnings Become Weapons Against the Wrong People

26th July 2025 at 17:30
Next Post

List of top loan defaulters who brought Crane Bank down

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1165 shares
    Share 466 Tweet 291
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    64 shares
    Share 26 Tweet 16
  • Who is Bosco Muwonge, Uganda’s elusive real estate billionaire?

    47 shares
    Share 19 Tweet 12
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    59 shares
    Share 24 Tweet 15
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    133 shares
    Share 53 Tweet 33
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Minister David Bahati

FAKE AND MALICIOUS! Minister Bahati denounces “baseless” rumors of NRM eviction, resignation

26th July 2025 at 17:57
Mashable is a global, multi-platform media and entertainment company For more queries and news contact us on this Email: info@mashablepartners.com

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is the undisputed king of Kampala

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0
Minister David Bahati

FAKE AND MALICIOUS! Minister Bahati denounces “baseless” rumors of NRM eviction, resignation

26th July 2025 at 17:57

MP Sebamala Ignites Toro Youth at Convention with King Oyo Present

26th July 2025 at 17:42

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda