Breaking NewsDeep State PoliticsInvestigatives FilesJustice & Crime ReportNational NewsTop Story

INSIDER JOB: Top Gov’t Officials Detained Over $16 Million Bank of Uganda Theft

By Jako David Waluluka

Breaking news has emerged that eight top officials from the Ministry of Finance and the Bank of Uganda have been arrested in connection with the disappearance of $16 million (approximately Shs60 billion) from the central bank.

The Criminal Investigations Directorate (CID)  has this afternoon  detained the Accountant General and seven other officials from the Ministry of Finance and the Bank of Uganda as investigations into the disappearance of $16 million (about Shs60 billion) from the central bank.

The detained officials include the Accountant General and seven others, whose case files have been transferred to Nateete Police Station and Kira Division Police for further processing.

Preliminary investigations suggest that the stolen funds were transferred from Bank of Uganda accounts to foreign banks in Japan and the UK, allegedly by staff at the central bank and Ministry of Finance. A total of 17 people are being investigated, including nine Bank of Uganda employees, six from the finance ministry, and two from the accountant general’s office.

Insiders reveal that more arrests are expected in the coming days. This development comes amid concerns about the security of Uganda’s financial systems and the potential for insider corruption. The government has confirmed that the Bank of Uganda was hacked, but denied reports of a Shs62 billion loss

Related posts

TOP SPORTS BIG BREAKING NEWS

Dean Lubowa Saava

The Opposition Is To Present It’s Alternative Budget Today.

Dean Lubowa Saava

Bukedea Is A State Within A State Governed By Anita Annet Among.

admin

USAID Bids Farewell to Uganda After Six Decades of Impact

Barbra Zeka

POLITICS: THE GOVERNMENT IN POWER NOT TO CHANGE UNLESS WE WAKE UP

admin

Kabaka Muteesa II The Unsung African Giant

Ssekanyumiza Amansa Bwino

THE TOP10 STRONGEST MILITARY COUNTRIES IN AFRICA 2024

admin

Rev. Canon Gaster Nsereko Chosen as the 7th Bishop of West Buganda Diocese

Barbra Zeka

Happy Birthday To Ivan: A Visionary Leader In Uganda’s Real Estate Industry

Ssekanyumiza Amansa Bwino

EC Bosses in Hot Water: Mulekhwa and Team Face Arrest Amid Presidential Intervenes

Dean Lubowa Saava

Leave a Comment