Standard chartered Bank attempts to Cover-up Kasekende Wife’s Account Scandal

wife

There is trouble and panic at Standard Chartered Bank Uganda following the leakage of Edith Kasekende’s multibillions account. Edith Kasekende, who is wife of Deputy Bank of Uganda Governor Louis Kasekende, was last week exposed as a very wealthy woman, who runs an Easy Go account number 0100111660500 at Stanchart bank, on which receives hundreds of millions of shillings  annually. Her bank statement indicates that between 01-05-2017 and 17-05-2018 she received another Shs6447m from an unknown source and Shs421m from Bank of Uganda. Between the same date she deposited Shs415m…

Read More

NSSF to enable mobile registration next year

nssf

In a bid to extend pensions coverage to the 1.8million uncovered Ugandans in the formal sector, the National Social Security Fund (NSSF) is set to employ technology by making it possible for employers to register by mobile phone. The fund has 2.2 million contributors in the formal sector that consists of 4 million workers; the NSSF act currently does not give leeway for the fund to target 11 million workers in the informal sector. The new mobile platform will also enable contributors to the fund to view their balances via…

Read More

Real Madrid suffer fourth loss in five games

madrid

Real Madrid suffered their fourth loss in five games and set an unwanted record with a defeat by Levante at the Bernabeu. The result put further pressure on coach Julen Lopetegui, whose side remain fifth in La Liga, three points behind leaders Alaves and a point behind Barcelona, who have yet to play. “Right now that is the last thing that I’m thinking about,” said Lopetegui when asked if he was worried about losing his job. “I feel more encouraged than ever to continue because the team gave their heart…

Read More

Messi injury overshadows Barca’s return to form

messi

Lionel Messi will miss El Clasico after being ruled out for three weeks with a fractured arm as Barcelona beat Sevilla 4-2 to go top of La Liga. The Argentine was left writhing in agony after landing heavily on his right arm after colliding with Franco Vazquez. He was still in obvious discomfort as he left the field in the 26th minute. Just moments earlier the Barcelona captain had scored a sublime goal to put Barcelona 2-0 up. Messi had also set up Philippe Coutinho for the opener on two…

Read More

TANZANIA: Kidnapped billionaire Mohammed Dewji found

TZ

Tanzanian billionaire Mohammed Dewji, who was kidnapped over a week ago, has been found, his family said Saturday. Mr Dewji, 43, was abducted by unidentified gunmen last Thursday October 11, when he went for a workout at the high-end Colosseum Hotel in Oyster Bay, Dar es Salaam. His family spokesperson Azzim Dewji confirmed to a Tanzanian media outlet that the businessman is safely at home. “Mo is 100 per cent fit but traumatized by the whole experience,” Azzim said. “We thank the President for ordering security organs to make sure…

Read More

Army arrests, charges security operatives captured brutalizing suspect

criminals

Finally the army has paraded and charged the five men who were seen brutalizing a gentleman in the city center on Thursday. The acts of these men prompted many people to question who these men were working for. When asked Kampala Metropolitan Police spokesman Luke Owoyesigire said that the armed men were unlikely to be part of the police force. He said Police doesn’t use public transportation vehicles during its operations. Yesterday it was revealed that these brutal men were from the army. They were paraded before the army court…

Read More

Focus on prevention in fight against HIV/AIDS – President Museveni

kaguta museveni

President Yoweri Museveni launched a new Presidential Fast-Tracking Initiative on the Elimination of HIV/AIDS that targets total elimination of the scourge from the Uganda by 2030. He used the occasion to remind Ugandans in general and those devoted to the fight against the scourge that the struggle to eliminate HIV/AIDS from our society should focus more on preventive measures because the pandemic is avoidable. Speaking during the launch of the initiative at Isingiro District headquarters in Isingiro Town Council, the President said that because AIDS has no known cure to-date,…

Read More

“We need to know who the city abductors are”, Minister Tumwebaze tells IGP

franktumwebaze

Minister of ICT and National Guidance, Frank Tumwebaze has demanded for the arrest and identification of the culprits who are abducting people in broad day light within the city. This follows a recent video that circulated on social media showing the brutality of some men in casual wear who arrested and abducted a one gentle man at Christ the King Church in broad day light. “Anybody acting illegally should be dealt with in accordance with the law… (IGP) Okoth Ochola, we demand to know these.” The men were filmed by…

Read More

DFCU’s Sekabembe declines KCB MD job

sekabembe

William Sekabembe who had resigned his job as DFCU Bank’s Chief of Business and Executive Director after receiving an offer to head KCB Uganda has turned around and declined the KCB job. Sekabemebe wrote to the KCB Head of Human Resource in a letter date September 5, 2018 regretting that he couldn’t take the job offer. “I would like to give my appreciation for the recent Managing Director job offer with KCB Limited. However, after careful evaluation, I regrettably decline the position,” he wrote in a letter. KCB Uganda had…

Read More

BoU Deputy Governors’ Wealth shocks IGG

Louis-Kasekende

The controversial swallowing of Crane Bank and six other commercial banks continues to haunt the Central Bank after it emerged that the Inspector General of Government (IGG) is now investigating several Bank of Uganda officials over alleged illicit accumulation of wealth. With former BoU director for supervision of commercial banks Justine Bagyenda already investigated by the Financial Intelligence Authority (FIA) over allegations of illicit accumulation of wealth and allegations of money laundering, the IGG is now closely looking at the wealth of several senior BoU officials, including the Governor, Emmanuel…

Read More

DFCU Under Fire Over Sharing Client’s Confidential Information Publicly

dfcu bank

DFCU Bank could be dragged to court to answer for charges of sharing former Crane Bank clients’ confidential information publicly. The complaint was lodged by Rajiv Ruparelia (son to Sudhir Ruparelia), a former client of Crane Bank – now DFCU Bank whose phone number was publicly shared in various publications and on social media by M/S Kalenge, Bwanika, Ssawa and company advocates, a law firm that represents DFCU bank. The number was shared with journalists and bloggers in a notice of intention to sue dated October 5th 2018 and referenced…

Read More

Mutebile, Kasekende under probe over corruption

Mutebile and Kasekende

The Inspector General of government has started an investigation to investigate governor bank of Uganda and his deputy Louis Kasekende over corruption and abuse of office. Mutebile and Kasekende are believed to have acquired multi-billion properties in upscale Kampala areas, Wakiso among other strategically located areas. The IGG is interested in finding out their source of money to buy prime assets in question including huge chunks of land in the city and very expensive posh cars. Mutebile and Kasekende corruption probe followed another investigation against former director supervision Justine Bagyenda…

Read More

Nakasongola road accident claims 3 lives

accident

Three people have died on spot in a motor accident at Migyera town in Nakasongola district. Paul Kangave the PRO Savannah region said in a statement that Arafat Kyimbugwe (driver), Ronald Kakoza, and Pius Seguzi – the occupants of Isuzu UBE 048B died on spot while Yahaya Kigundu survived with serious injuries. The Isuzu car collided with a Scania trailer UAT 139Q/UAS 615A. The occupants of the trailer including Moses Kiryowa (Driver) and Edward Ssempima sustained minor injuries. They are admitted at St Francis health center III. Police have always…

Read More