Everything extra-ordinary will always be found in the banana republic of Uganda,
Now the latest on the acquisition of seven defunct banks indicates that Nile River Acquisition a company that is said to have bought Green Land Bank, ICB, Co-operative Bank at 93 sweetheart Percent discount over their actual Value was actually a ghost company.
For starters, Greenland bank closed in 1999 belonged to Suleiman Kigundu and until his death; he said that his 7 year old bank was closed not for financial reasons.
International Credit Bank (ICB) closure in 1998 was also attributed to connivance by Bank of Uganda according to justice Sebutinde report.
35 year old Cooperative Bank formed in 1964 was closed through unclear circumstances with no report from bank of Uganda.
Evidence at hand reveals that Nile River Acquisition Company which was claimed to be from Mauritius by bank of Uganda officials to parliament actually has never existed and was a lie to public and to the legislators.
During a search at Uganda Registrations Services bureau a government agency which registers all companies by Tom Mugisha a concerned Citizen, it has been established that the company ceased to exit long time.
Mugisha was informed that Nile River Acquisition Company is not recorded in URSB data base.
BoU mafias led by Louis Kasekende have on several occasions lied to public and the country in particular that the above banks were sold to a genuine company and that it acquired the said banks through rightful channels.
Head of Gang star mafia Banks Louis Kasekende and his alie Justine Bagyenda who was disgracefully fired from her job at BoU before her retirement and blocked from Financial Intelligence Authority Board all hold huge amounts of money on their personal accounts including the master minder Ben Sekabira who was always wise and clever to sign all documents and letters.
The said illicit money is believed to have obtained through dubious deals including fraudulent sale of banks which they claim were in distraught yet actually there was no liquidity crisis on those banks.
Interestingly, in the defunct banks, there was no any time where clients complained of failure to withdraw their money including those transacting huge Forex.
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