• 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 News National News

BoU fails to justify Crane Bank Closure

David Kugonza by David Kugonza
December 11, 2018
in National News, News
0
Bank of Uganda Takes Over Crane Bank Management
1
VIEWS
Share on FacebookShare on Twitter

By Moses Kyeyune.

Officials from the Central Bank have this afternoon failed to justify claims of under capitalization that led to the closure of Crane Bank.

Related articles

UPDF kills 189 Al Shabaab militants in Somalia raid

Radio presenter wins Jinja City mayoral race

The officials led by the governor Prof Emmanuel Tumusiime Mutebile has been appearing before parliament’s committee on Commissions Statutory Authorities and State Enterprises as part of the ongoing inquiry into the alleged illegal closure of seven commercial banks.

The inquiry has now reached Crane Bank which was closed in October 2016, on grounds that it was heavily indebted and performing below minimum capital requirement, with a negative of 239.5 billion shillings.

The committee chaired by Bugweri County MP Abdu Katuntu has tasked the former executive director for Commercial Supervision Justine Bagyenda and Ben Sekabira, the director financial markets to state the minimum capital threshold, all in vain.

Former Crane Bank managers are already in court, challenging the manner in which their institution was placed under liquidations.

Related Stories…………

Governor BOU Mutebile “i will never dream to re-open closed banks”

David Kugonza

David Kugonza

Related Posts

UPDF kills 189 Al Shabaab militants in Somalia raid

UPDF kills 189 Al Shabaab militants in Somalia raid

by Noelyn Nassuuna
January 22, 2021
0

By RISDEL KASASIRA   The Uganda People’s Defence Forces (UPDF) contingent under African Union Mission in Somalia (AMISOM) has killed atleast 189 Al Shabaab fighters in...

Radio presenter wins Jinja City mayoral race

Radio presenter wins Jinja City mayoral race

by Noelyn Nassuuna
January 22, 2021
0

By Abubaker Kirunda The Electoral Commission has announced the winner of the Jinja city Mayor seat after two days of vote tallying. The Jinja city Returning...

US  rejoins WHO as Biden takes office

US rejoins WHO as Biden takes office

by Noelyn Nassuuna
January 22, 2021
0

Joe  Biden, in the first hours of his presidency, rejoined the Paris climate accord and recommitted to the World Health Organisation (WHO), fulfilling promises he made...

Makerere announces opening date for first year students

Makerere announces opening date for first year students

by Noelyn Nassuuna
January 22, 2021
0

By Damali Mukhaye. Makerere University has asked their students to start picking their admission forms ahead of the anticipated reopening of the University next week. According...

Why Lukwago survived NUP wave in Kampala city

Why Lukwago survived NUP wave in Kampala city

by Noelyn Nassuuna
January 22, 2021
0

BY DAMALI MUKHAYE The Incumbent Lord Mayor of Kampala Mr Erias Lukwago was yesterday re-elected for the third time to be at the helm of Kampala...

Next Post
Norbert Mao – Kadaga should resign immediately

M7's new anti-graft strategy a mock fight says DPs Mao

Lusanja people need shelter – Mp Kyagulanyi

Lusanja people need shelter - Mp Kyagulanyi

Premier Rugunda justifies cement prices

Rugunda praised EC for timely release of electoral road map

CATEGORIES

  • Business
  • Entertainment News
  • Health
  • HotSeat
  • Lifestyle
  • National News
  • News
  • PHOTO GALLERY
  • Sports
  • World News

RECOMMENDED

Police release names & pictures of two Magara murder suspects
National News

Police release names & pictures of two Magara murder suspects

May 9, 2018
Doctors to the government – Stop intimidating us
National News

President Museveni cancels meeting with doctors

November 17, 2017
93.3 KFM

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

© 2021.

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

© 2021.