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BoU Allays Fears of Cash Withdrawal Caps at Banks

BoU Allays Fears of Cash Withdrawal Caps at Banks

The recent announcement by the Bank of Uganda introducing new limitations to over-the-counter cash withdrawals and check payments have has raised questions over the motives behind it. ‎The banks have been given the next six months to transition to the new policy adjustment.‎The new mea

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IGG BITES: How Mityana HR Boss Allegedly Exploited Payroll Loopholes to Siphon UGX 75.5 Million

IGG BITES: How Mityana HR Boss Allegedly Exploited Payroll Loopholes to Siphon UGX 75.5 Million

In a stark reminder of the systemic vulnerabilities plaguing local government administration, the Inspectorate of Government (IGG) has arrested Mr. Mukiibi Hussein, the Principal Human Resource Officer of Mityana District Local Government.Mukiibi is accused of masterminding a sophisticated

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Inside the Shocking Sh4.6 Billion Equity Bank Heist: Supreme Court Seals Fate of Rogue Manager as Fraud Plagues Banking Giant

Inside the Shocking Sh4.6 Billion Equity Bank Heist: Supreme Court Seals Fate of Rogue Manager as Fraud Plagues Banking Giant

The Supreme Court has upheld the conviction of David Musoke Sserwamba in a shocking sh4.6 billion heist, highlighting a history of insider fraud at Equity Bank.KAMPALA, Uganda — The Supreme Court has upheld the conviction of David Musoke Sserwamba, a rogue former operations manager at Eq

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Eleven Remanded Over Alleged Shs11Bn Industrial Park Investment Fraud

Eleven Remanded Over Alleged Shs11Bn Industrial Park Investment Fraud

Eleven suspects accused of defrauding a businessman of more than $2.5 million(approximately shs11 billion) and laundering the proceeds have been remanded to Luzira Prison by the Buganda Road Chief Magistrate’s Court.The accused include Peter Lubwama, Henry Ochown alias Malong Tong, Pasc

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Mukono Intensifies Crackdown on Illegal Small Plot Sales, Targets Land Dealers and Village Leaders

Mukono Intensifies Crackdown on Illegal Small Plot Sales, Targets Land Dealers and Village Leaders

District authorities say unplanned subdivisions and undersized plots are fueling disorderly settlement, as enforcement teams move to curb illegal land transactions and enforce planning laws.MUKONO — Mukono District authorities have intensified a crackdown on real estate companies and vil

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From Kampala luxury to UK jail: Tycoon David Greenhalgh convicted of trafficking fighter jets, missiles to war zones

From Kampala luxury to UK jail: Tycoon David Greenhalgh convicted of trafficking fighter jets, missiles to war zones

David Greenhalgh, the British businessman who shot to fame in Uganda through his turbulent, high-spending romance with city socialite Shanita Namuyimbwa, popularly known as "Bad Black," faces a long prison sentence in the United Kingdom after being convicted of running a massive international ill

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Former Trade Ministry PS Ssali, others to appear before Anti-Corruption Court on Wednesday as case resumes

Former Trade Ministry PS Ssali, others to appear before Anti-Corruption Court on Wednesday as case resumes

Former Principal Secretary in the Ministry of Trade, Industry and Cooperatives (MTIC), Geraldine Ssali Busulwa, alongside five co-accused persons, is set to return to the Anti-Corruption Division of the High Court on Wednesday, 17, as proceedings in a high-profile corruption case resume.Ac

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UGX 533m Refund ‘Disappears’ in URA–Canaan Sites Shs 2.4bn Tax Settlement Drama

UGX 533m Refund ‘Disappears’ in URA–Canaan Sites Shs 2.4bn Tax Settlement Drama

tax dispute that began more than a decade ago over Value Added Tax (VAT) on land transactions has cost the Ugandan government at least UGX 2.48 billion in refunds, interest and legal costs, but fresh documents now indicate that an additional UGX 533 million remains unresolved despite being previo

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Ogun police arrest driver, guarantor for vehicle theft, foil smuggling attempt

Ogun police arrest driver, guarantor for vehicle theft, foil smuggling attempt

Operatives attached to the Idiroko Division of the Ogun State Police Command have foiled a cross-border vehicle trafficking attempt, arrested two suspects and recovered a stolen 28-seater Toyota Coaster bus belonging to a company.The suspects, Seun Lawal, 46, and Ademola Oriyomi, 38, were

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DTB Ntinda Manager’s Fraud Claim Sparks Mob Attack That Kills Customer

DTB Ntinda Manager’s Fraud Claim Sparks Mob Attack That Kills Customer

young man has died following a violent mob attack outside Diamond Trust Bank (DTB) in Ntinda, Kampala, in an incident that has raised fresh concerns about mob justice and public safety.According to witness accounts, the victim had visited the bank on Monday to withdraw money. After

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