“I only took my belongings from the central bank”, Bagyenda

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Former Bank of Uganda Executive Director in charge of supervision Justine Bgyenda has finally admitted that she carried some bags and documents from Bank of Uganda (BoU) premises. Bagyenda made the admission during a hearing of the Committee on Commissions, Statutory Authority and State Enterprises (COSASE) in the parliamentary probe into closure of 7 commercial banks. She was however quick to add that the items she carried from the central bank were her personal belongings including her plates, photos, her consultancy documents among others contrary to claims that she carried…

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Commercial Court Orders DFCU Bank To pay Shs82m to former Crane Bank employee

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The High Court has ordered dfcu Bank to pay a former Crane Bank employee damages of Shs 82 million for unlawful deductions to his account and in effect banned city law firms MMAKS Advocates and Bowman’s of messers Kanyererezi Masembe and David Mpanga from representing any entity against the defunct Crane Bank. Crane Bank, of city businessman Sudhir Ruparelia, was closed by Bank of Uganda in October 2016 and later controversially sold to dfcu Bank in January 2017, with the matter now before several courts and a subject of inquiry…

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Uganda National Examinations Board release 2018 Primary Leaving Examinations (PLE) Results

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Education and Sports minister Janet Museveni and the Uganda National Examinations Board release 2018 Primary Leaving Examinations (PLE) results. #PleResults2018 #Uneb #Ple A total of 671,923 candidates registered for 2018 PLE from 13,072 centres across the country compared to 646,041 from 12, 751 centres in 2017 = an increase of 25, 882 – 3.9 %. 476,131 from Universal Primary Education and 195,792-private. Females at 346,963 compared to 324,960 Male candidates. Click on the Link to check  your results  

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MPs withdraw Bagyenda’s BOU vehicle, security

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Members of parliament directed Bank of Uganda (BOU) to withdraw the vehicle and security they have been providing to their former executive director bank supervision, Justine Bagyenda.For some months now, Bagyenda who retired in July 2018, has been appearing before the parliamentary committee on Commissions, Statutory Authorities and State Enterprises (Cosase) alongside BOU officials to answer queries related to the closure and sale of seven commercial banks. The affected banks include; Teefe bank which was closed in 1993, International Credit bank (1998), Greenland bank (1999), The Cooperative bank (1999), National…

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Administrator General Blocks Goodlyfe Crew From Releasing New Late Mowzey Radio Album

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The administrator general has issued a directive blocking the good life crew now led by Weasel a former singing partner to the late Mowzey Radio from organizing MTG album listening party which was scheduled to take place on 25th February 2019 The Goodlyf crew has been doing preparation to celebrate the fallen singer in form of an album titled,”#MosesTheGreat album” which comprises of music done by Radio before he passed on at the DNA Lounge in Kololo.

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Law firms AF Mpanga, MMAKS banned from representing any entity against Crane Bank

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Commercial Court Judge Justice David Wangutusi has ordered law firms MMAKS Advocates and Bowmans AF Mpanga Advocates to stop representing any entity seeking legal action against Crane Bank. The ban means that dfcu as the successor of Crane Bank, can suffer all previous liabilities inherited from Crane Bank- provided the victims of these liabilities, were never privy to the Purchase of Crane Bank Assets & Liabilities, a source privy to the matter told Watchdog Uganda. “This means dfcu stands a big risk and could lose the case in which 400…

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Fik Fameica Upgrades To Brand New Monster Ride

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Singer Fik Fameica has acquired a new ride, Mitsubishi Pajero  registration number plate UBE 228S Black in color. It is estimated around 50million shillings. The singer couldn’t hide his happiness and was quick to share the images on his social media platforms … View this post on Instagram 🦍 A post shared by Fik Fameica️🇺🇬️️ (@iamfikfameica) on Jan 16, 2019 at 7:31am PST View this post on Instagram Different year different ride!!!🦍 Hard work pays💪🏽 #Godisgreat🙏🏽 A post shared by Fik Fameica️🇺🇬️️ (@iamfikfameica) on Jan 16, 2019 at 7:08am PST He…

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