Home National Under fire Governor Prof Mutebile spill the beans on the rots at Bank of Uganda

Under fire Governor Prof Mutebile spill the beans on the rots at Bank of Uganda

by James Ateenyi

Bank of Uganda Prof Emmanuel Tumusiime Mutebile has come out to explain the circumstances surrounding the central bank after State House Anti-corruption arrested some top officials of the bank.

Mutebile in a press statement confirmed that he requested ACU headed by Col Edith Nakalema to carry out an investigation on the central bank over its procurement and supply chain activities.

“On April 27, 2019, the Bank of Uganda received a consignment. During the verification process , BoU staff reported an anomaly in the inventory of the expected consignment,” said Mutebile in a statement dated June 14, 2019.

“Therefore, I requested the Anti- Corruption Unit of State House to investigate the matter. The Unit has started investigations and Bank of Uganda is fully co-operating with the process.”

Mutebile further reassured the public that they are committed to maintaining the integrity of BoU’s operations and working with relevant authorities to bring the matter to its logical conclusion.

Earlier on Friday, Lt Col Edith Nakalema, the head of State House Anti-Corruption Unit stated that “a number of senior bank personnel, customs and Civil Authority personnel are being questioned” with regard to “the Bank’s procurement and supply chain activities”.

Collaborated reports indicate that five directors at Bank of Uganda are under investigation by police, military and State House Anti-Corruption Unit for illegally printing and smuggling money in the excess of sh90 billions.

Col Nakalema however said the operation will not affect the normal running of the Central Bank.

The illicit huge monies Nakalema’s team alongside Police are probing, entered the country through Entebbe International Airport from Germany aboard a private airplane which usually transports BoU new currency.

The President summoned his trusted anti corruption czars who burst the cartel, leading to arrest and questioning of official. Col Nakalema now confirms the questioning has been spread to URA and CAA.

Bank of Uganda Director of Communications, Mrs Charity Mugumya is yet to respond to our inquiries by the time of publication.

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