Tag: crane bank

Cosase to Parliament: Reforms urgently needed at ‘rotten’ Bank of Uganda, errant officials should be held personally

The four-month dramatic probe by the Committee on Commissions, Statutory Authorities and…

8 Min Read

Sack Mutebile, Kasekende, Kasaija over incompetency – Concerned citizen asks Museveni

A concerned citizen has petitioned President Yoweri Museveni over the incompetency of…

4 Min Read

KPMG fails to complete audit report on Crane Bank after pocketing Shs900m

KPMG, a company that was contracted to audit the books of defunct…

3 Min Read

Cosase probe: Shs84b was raised to save Crane Bank but BoU instead seized it

Former Crane Bank shareholders had raised USD23 million (Shs84 billion) of the…

3 Min Read

BoU probe: Special Audit shows over Shs270bn meant to ‘save’ Crane Bank disappeared

Bank of Uganda blew away a total of Shs478 billion in the…

3 Min Read

Cosase: MMAKS senior lawyer Masembe given less than three hours to appear before Committee

Most analysts say lawyers misled Bank of Uganda to make decisions that…

2 Min Read

RWANDA: Crane Bank Rwanda buyer in US$4.4bn merger

Commercial Bank of Africa (CBA), which in 2017 took over Crane Bank…

4 Min Read

Dfcu bosses thrown out over fake documents

The Parliamentary committee on Commissions, Statutory Authorities and State Enterprise (Cosase) threw…

2 Min Read

Sudhir wants BoU to pay $23.3 million for closing Crane Bank illegally

Billionaire Sudhir Ruparelia has on Wednesday told Parliament's Commissions, Statutory Authorities and…

4 Min Read

Crane Bank assets, loans report nowhere to be found

In defence, Katimbo Mugwanya, who was the Central Bank’s statutory manager for…

3 Min Read

BOU probe: Cosase tasks BOU officials for accountability of Shs487bn

Currently, the committee is probing top Central Bank officials over their role…

3 Min Read

Bagyenda finally appears before Cosase, pledges commitment

Elisha Z. Bwanika Justine Bagyenda, has finally appeared before the Committee on…

3 Min Read