Bank of Uganda Senior Staff Arrested With Sacks Of Money

In Business On
, Singer Big Eye Rushed To Hospital After Being Pelted with Bottles At Spice Diana Concert

Bank of Uganda (BoU) is still grappling with a new multibillion scandal after three officers of the Bank being nabbed with stashes of money hoarded in sacks.

Our desk has it that a team of undercover and Anti-Corruption taskforce detectives raided BOU offices in Mbale a few days back and arrested some senior managers there.

, Singer Big Eye Rushed To Hospital After Being Pelted with Bottles At Spice Diana Concert
BoU Mbale offices

We have learnt that after conducting thorough searches in the properties and offices of these staff members several sacks of money in billions of shillings, both in local and foreign currencies were recovered.

However, due to the sensitivity of the matter, the police are still withholding the identities of the suspects, so as not to jeopardize the investigations and to extract more information from them.

According to security sources, the three are part of the racket in Bank of Uganda that smuggle out money which is supposed to be destroyed and return it into circulation.

They were arrested after a combined team of security operatives from police, intelligence and military stormed the currency centre after a tip off from an internal staff that it had become norm for money which is supposed to be destroyed to be ferried outside the bank and shared among top staff.

“It is true, we have three staff of Bank of Uganda who were caught red handed smuggling money outside which is against the norms of the central bank,” said a security source who preferred anonymity.

***Reader Notice***: If you are facing scrolling difficulties please kindly clear your cookies and cache for this website

You may also read!

, Singer Big Eye Rushed To Hospital After Being Pelted with Bottles At Spice Diana Concert

Three Ugandan Nationals Arrested in Rwanda

Panic and fear is mounting residents in Ndorwa West County in Kabale District as three area fellows were arrested

Read More...
, Singer Big Eye Rushed To Hospital After Being Pelted with Bottles At Spice Diana Concert

Exclusive: Museveni strikes deal with South African Gov’t To Curb Bobi Wine

The expulsion from Uganda on 31 December 2019 of the South African singer Yvonne Chaka was prompted by Yoweri

Read More...
, Singer Big Eye Rushed To Hospital After Being Pelted with Bottles At Spice Diana Concert

Singer Big Eye Rushed To Hospital After Being Pelted with Bottles At Spice Diana Concert

Musician Big Eye real name Ibrahim Mayanja has again been pelted with bottles during fellow artiste Hadijah Namukwaya alias

Read More...

Leave a reply:

Your email address will not be published.

, Singer Big Eye Rushed To Hospital After Being Pelted with Bottles At Spice Diana Concert, Singer Big Eye Rushed To Hospital After Being Pelted with Bottles At Spice Diana Concert

Mobile Sliding Menu

, Singer Big Eye Rushed To Hospital After Being Pelted with Bottles At Spice Diana Concert