• Home
  • About
  • Join Us
  • Contact
93.3 KFM
  • Home
  • HotSeat
  • News
    • Business
    • Health
    • Sports
    • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • PHOTO GALLERY
No Result
View All Result
  • Home
  • HotSeat
  • News
    • Business
    • Health
    • Sports
    • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters
  • PHOTO GALLERY
Subscribe
No Result
View All Result
93.3 KFM
No Result
View All Result
Home Business

MPS cite duplication in Crane Bank loans bought by DFCU

David Kugonza by David Kugonza
December 17, 2018
in Business, National News, News
0
BoU withdrawals documents from COSASE
41
VIEWS
Share on WhatsAppShare on FacebookShare on Twitter

By Moses Kyeyune.

DFCU bank bought duplicated loans from crane bank, MPs on the House Committee of Commissions, Statutory Authorities and State Enterprises have learnt.

Related articles

Hundreds gather to welcome King Mumbere

All set as Mumbere returns to Kasese

This was after preliminary findings by auditors attached to the committee revealed that 4,458 loans Crane Bank loans sold to DFCU Bank were heavily duplicated.

Crane Bank Limited was closed on 30th October 2016 due to under capitalisation and according to the Governor Bank of Uganda, Prof Emmanuel Tumusiime Mutebile, Crane Bank capital had fallen below the 50 percent legal requirement under the law.

The committee Chairperson Abdu Katuntu has told the committee that it would only be appropriate to give more time to the auditors to dig deeper into the matter.

The committee has adjourned hearings to Wednesday, as they wait for a comprehensive report.

Related Stories………

Bagyenda stole BoU documents – COSASSE

 

BoU fails to justify Crane Bank Closure

David Kugonza

David Kugonza

Related Posts

Hundreds gather to welcome King Mumbere

Hundreds gather to welcome King Mumbere

by admin
October 4, 2023
0

By Alex Ashaba Hundreds have gathered at the Airfield in Kasese Municipality, Kasese district, to receive the Rwenzururu King, Omusinga Charles Mumbere.  Crowds started forming as...

Kasese leaders ready to welcome back Omusinga Mumbere

All set as Mumbere returns to Kasese

by admin
October 4, 2023
0

By Daily Monitor Rwenzururu King Charles Wesley Mumbere today returns to Kasese District, the seat of his kingdom, after nearly seven years away. The Omusinga (king)...

Opposition retreat kicks off in Kampala

Govt asked to support schools, health centres affected by rains in Mityana

by Arthur Wandero
October 4, 2023
0

The shadow minister for information and anti-corruption, who also doubles as the Mityana Woman Member of Parliament, Ms. Joyce Bagala has asked Parliament to compel the...

Shield AFCON against corruption, MPs tell govt

by Arthur Wandero
October 4, 2023
0

Legislators have advised the Ministry of Education and Sports to ensure that all processes meant to enable Uganda deliver on the requirements lined up for successful...

Over 40 to get medals on Independence Day

Over 40 to get medals on Independence Day

by Reporter
October 3, 2023
0

A total of 41 individuals are set to be awarded various medals during celebrations to mark Uganda’s 61st independence anniversary. According to the Minister for the...

Next Post
NRM scoffs at youths who crossed over to the PEOPLE POWER movement

NRM scoffs at youths who crossed over to the PEOPLE POWER movement

DPP withdraws attempted murder charges against Brian White

Brian White tasked to register his foundation

Kabamba attackers granted amnesty

Kabamba attackers granted amnesty

CATEGORIES

  • Business
  • Entertainment News
  • Health
  • HotSeat
  • Lifestyle
  • National News
  • News
  • PHOTO GALLERY
  • Sports
  • World News
Hundreds gather to welcome King Mumbere

Hundreds gather to welcome King Mumbere

October 4, 2023
Kasese leaders ready to welcome back Omusinga Mumbere

All set as Mumbere returns to Kasese

October 4, 2023
Opposition retreat kicks off in Kampala

Govt asked to support schools, health centres affected by rains in Mityana

October 4, 2023
93.3 KFM

Kampala's #NumberOne radio station for better information and the best music ! KFM is a subsidiary of Nation Media Group;
@NationMediaGrp

© 2022

No Result
View All Result
  • Home
  • HotSeat
  • News
    • Business
    • Health
    • Sports
    • Lifestyle
  • Events
  • Contact Us
  • Promotions
  • Presenters

© 2022