• 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

BoU’s currency Director released on Shs40m bail

Mubiru Ivan by Mubiru Ivan
6 years ago
in Business, Finance
6 0
ShareTweetSendShare

Dr Charles Malinga Akol, the Director In charge of Currency at Bank of Uganda has been released by the Anti- Corruption Court in Kampala after being granted a cash bail of Shs40 million.

Malinga on Tuesday appeared before the court to answer charges related to the Central Bank’s irregular procurement and supply chain activities in April this year.

He was interrogated about his role in the whole scandal where it is said five pallets containing the Ugandan currency of about Shs90 billion disappeared upon reaching Entebbe International Airport.

Last Friday, two BoU employees Francis Kakeeto and Fred Wanyama were remanded to Luzira Prison over abuse of office and corruption by the Anti Corruption Court in Kampala.

The duo was denied bail on grounds that their sureties lacked substantial identification documents, according to Grade One Magistrate Abert Assimwe.

According to local online media, Kakeeto, 36 a resident of Nabuti, Mukono and Wanyama, 42 a resident of Seeta, Mukono on April  26, 2019 between France, Belgium  and Entebbe International Airport were assigned by their employer to carry out a pre-shipment inspection of printed materials in France but in abuse of the authority of their offices, did an arbitrary act, prejudicial to the interest of their employer to wit, allowed the inclusion of unauthorized cargo on a cargo plane fully chartered by BoU.

Recently, government Spokesperson Ofwono Opondo speaking to the media at Uganda Media Centre in Kampala, said the investigation so far seemed to point that there was no additional money printed by either officials of BoU or somebody and later delivered to Uganda.

“Our investigations point to some business people and other organisations who were simply taking advantage of a cheap flight that had already been chartered by Bank of Uganda,” he disclosed.

The government mouthpiece said that BoU procured items from France and chartered a plane from Paris to deliver its consignment of 20 pallets to Uganda on April 27, 2019 with the bank staff.

After they had checked and cleared the items, one of the staff noticed that the plane was carrying additional five pallets.

According to Opondo, the extra pallets belonged to 13 private individuals and organisations including the United Nations (UN) irregularly loaded unto the cargo plane. No other items were meant to be on the plane except Bank of Uganda’s.

“Very surprisingly the United Nations and USAID are among them. The plane carried UN supplies like blood reagents, solar equipment and other items. There were also goods for other local Ugandans like Charles Mbire, Mandela Millers and Uptake Uganda Investment Limited.


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

Related Posts

Hon. Raphael Magyezi
Agriculture

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
The Queen’s Ball, a high-profile fundraising gala, will bring together entrepreneurs, diplomats, corporate leaders, and Buganda Kingdom officials to foster dialogue, reduce stigma, and support grassroots mental health efforts.
Business

Speke Resort Munyonyo to Host UNESCO Africa Engineering Week 2025

4th July 2025 at 10:07
Business

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

4th July 2025 at 08:16
Next Post

Well wisher in fundraising campaign to get Fresh Kid's father a new job, wants him to stop interfering in son's career

  • 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

    25 shares
    Share 10 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