• 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

OPINION: Kasekende should be held liable over BoU currency mess

watchdog by watchdog
6 years ago
in Special Report, Voices
6 1
ShareTweetSendShare

By Kagenyi Lukka

As investigations into Bank of Uganda (BoU) currency saga intensify, the conspicuous loud silence of the deputy governor, Dr. Louis Kasekende, remains a mystery to everyone.

The string of scandals that have rocked the central bank of late point to a direct failure of supervision by Kasekende, especially within the currency department, which he directly supervises as deputy governor.

It is difficult to fathom that junior officials can endorse importation of contraband goods or even print extra cash without the knowledge of their direct supervisor.

In fact even if we are to say that they participated in dirty dealings without Kasekende’s knowledge, it is difficult to explain to the lay man that the deputy government was or is unaware of the dealings within his docket.

This is clear negligent of duty, and abuse of office.

Like it is clearly coming to the fore, the Bank of Uganda Governor, Prof. Emmanuel Tumusiime Mutebile, recently requested the Anti-Corruption Unit of State House headed by Lt. Col. Edith Nakalema to investigate a matter on how the sh350b Central Bank new currency consignment (C10521) packed in 20 pallets containing the currency from France, which was supposed to be exclusively shipped to Uganda by the contracted Ms Kuene ++Nagel cargo chartered plane, contained other five suspicious cargo pallets belonging to 13 private entities, including, the United Nations (UN), the United States Agency for International Development (USAID) and private business people.

The consignments of the 13 clients whose cargo was suspiciously loaded on the plane included Mandela Millers (machinery-light wall panels under), USAID (entomology equipment), Jamani Investments (Security X-Ray machinery), Charles Mbire (unbranded adhesive) and the UN with the largest consignment of lead acid batteries, aircraft parts, human blood apparatus and converters.

Others were SEMLIKI Dairy (tri-power fuses and switches), Amptech (pumps) and Ministry of Health (medical equipment).

It is alleged that all this happened without the knowledge of Kasekende, who is the direct supervisor of the currency department!

Surely, how can all these shoddy deals happen without Kasekende’s knowledge?

All we have seen is a showcase of what Justice John Bosco Katutsi famously described as “small fish” and leaving the huge fish to swim freely in the face of glaring corruption and connivance.

Why pick a few individuals, junior, and then, argue that you have dealt with the creeping corruption habit at the central bank.

The Director of Currency at Central Bank, Charles Malinga, a brother to Bukedea MP, Anita Amongi, Francis Kakeeto, the regional currency manager, Mbale and Fred Wanyama, the assistant regional manager Kabale, have been already charged with abuse of office and negligence of duty.

If you charge these people, why leave Kasekende, their supervisor scott free?

All previous reports, including the COSASE probe report and IGG inquiries have all pointed at Kasekende’s role in the scandal that have rocked the central bank of late, but somehow, he is left scott free. Why?

The earlier, Kasekende starts to provide answers to the unending scandals at the bank, the better it will be for the country.

Kagenyi Lukka is a current affairs analyst and an aspiring MP for Ikiiki county 2021.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share1Tweet1SendShare

Related Posts

Business

Who is Bosco Muwonge, Uganda’s elusive real estate billionaire?

4th July 2025 at 08:16
Business

How Kalangala Island’s Victoria Forest Resort Hotel Became a Beacon for Preserving Uganda’s Culture and Boosting Tourism

4th July 2025 at 07:50
Speke Resort Munyonyo Hosts Groundbreaking Leadership Training for Senior Staff
Business

Speke Resort Munyonyo Hosts Leadership Training for Senior Staff

1st July 2025 at 14:06
Next Post

Sheikh Muzaata to bush war generals: You fought for your stomachs, we never sent you to bush to fight for us

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1108 shares
    Share 443 Tweet 277
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2285 shares
    Share 914 Tweet 571
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    43 shares
    Share 17 Tweet 11
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    23 shares
    Share 9 Tweet 6
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    119 shares
    Share 48 Tweet 30
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

Hon. Raphael Magyezi

Yara East Africa and Asili Agriculture Launch Agri-Hub in Kiryandongo to Advance Farmer Knowledge and Food Security in Uganda

4th July 2025 at 19:06
Chancellor of Jinja Diocese and Bishop’s Secretary, Fr. Gerald Mutto

Preparations for St. Gonzaga Gonza Day celebrations complete 

4th July 2025 at 17:54

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 set to speak at business forum in United Kingdom

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
Hon. Raphael Magyezi

Yara East Africa and Asili Agriculture Launch Agri-Hub in Kiryandongo to Advance Farmer Knowledge and Food Security in Uganda

4th July 2025 at 19:06
Chancellor of Jinja Diocese and Bishop’s Secretary, Fr. Gerald Mutto

Preparations for St. Gonzaga Gonza Day celebrations complete 

4th July 2025 at 17:54

© 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