• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Col Nakalema: We’re quizzing top BoU, URA, CAA bosses over economic violations

Lawrence Kazooba by Lawrence Kazooba
6 years ago
in National, News, Politics, Special Report
63 4
ShareTweetSendShare

State House has confirmed top Bank of Uganda officials, as well as personnel attached to Uganda Revenue Authority and Civil Aviation Authority are under investigations for serious economic violations.

A statement from Lt Col Edith Nakalema, the head of State House Anti-Corruption Unit on Friday afternoon states 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”.

The statement follows a mega corruption scandal has burst at the scandal ridden Bank of Uganda, which is likely going to cause heads to roll.

Edith-Nakalema-press-statem
Press statement

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 says the operation is being done with the blessing of the governor of the Bank of Uganda and it 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.
One Bank of Uganda official was caught red handed with cash
One Bank of Uganda official was caught red handed with cash

However, we understand that in April, a team from Bank of Uganda was dispatched to Germany aboard a chartered airplane to ferry the printed cash to Uganda. The team was led by a one Dr. Barenzi who is the deputy director in charge of operations because his boss Charles Malinga Akol, BoU’s Executive Director Operations was on leave.

The website added that while in German, Dr. Barenzi and another officer allegedly printed Shs90 billion in excess and purchased goods which were as well loaded into the chartered plane and entered into Uganda without clearance. It is not clear who took out of the airport the uncleared consignment.

To it’s credit, upon receiving the complaint from URA, BoU is said to have initiated its internal investigations on how the flight from Germany to Entebbe went down and who was aboard, the exact amount cleared by the printing firm and other items. As the investigation continued, it was revealed that extra cash had been printed and was put on to the plane after the billing of lading had been cleared by the agents and the plane authority.

However, according to interrogators, the airplane authority came out first and apologised acknowledging that they had been duped by the two officials to load extra cash and items despite the clearance from the German authorities.
However, it is at this time that Director Malinga who had been on leave got involved because his name had been dragged in, accordingly, Mr. Malinga is said to have informed the Governor Emmanuel Mutebile about the incident and thereafter, the two agreed to brief the President and State House Anti-Corruption Unit.

Upon briefing the President, it is said he was furious about the incident and immediately directed that Lt. Col. Edith Nakalema and head of Criminal Investigation Department, Assistant Inspector of Police Grace Akullo investigate deeper to find out where the said balance of the Shs90 billion is and also established the motive by the culprits.

The nonsense Col. Nakalema and Akullo resolved that the combined team of police, Special Forces investigators storm BoU and arrest the suspects and indeed on Wednesday June 12, the team stormed BoU and picked five directors.

The five directors have since Wednesday been quizzed by the combined team of investigators from both police and military.

This is a developing story. More coming


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share13Tweet8SendShare

Related Posts

News

Reason Over Regulation: President Yoweri Museveni Urges Ugandans to Embrace Science and Reason in Natural Resources Management

8th July 2025 at 09:15
Sudhir Ruparelia is the undisputed king of Kampala
Business

Why Sudhir Ruparelia is Ahead of John Bosco Muwonge in the Class of Billionaires

8th July 2025 at 00:42
Community News

Youths back Museveni: Ivan Muluga leads Kaliro youth league to endorse President for 2026-2031

7th July 2025 at 23:01
Next Post

List: 8 Ugandan female celebrities whose nudes have leaked

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1118 shares
    Share 447 Tweet 280
  • Silent Billionaire Bosco Muwonge Buys Mukwano Arcade at UGX 250 Billion Cash Down

    45 shares
    Share 18 Tweet 11
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2287 shares
    Share 915 Tweet 572
  • Who is Bosco Muwonge, Uganda’s elusive real estate billionaire?

    29 shares
    Share 12 Tweet 7
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    46 shares
    Share 18 Tweet 12
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Reason Over Regulation: President Yoweri Museveni Urges Ugandans to Embrace Science and Reason in Natural Resources Management

8th July 2025 at 09:15
Sudhir Ruparelia is the undisputed king of Kampala

Why Sudhir Ruparelia is Ahead of John Bosco Muwonge in the Class of Billionaires

8th July 2025 at 00:42

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is the undisputed king of Kampala

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

Reason Over Regulation: President Yoweri Museveni Urges Ugandans to Embrace Science and Reason in Natural Resources Management

8th July 2025 at 09:15
Sudhir Ruparelia is the undisputed king of Kampala

Why Sudhir Ruparelia is Ahead of John Bosco Muwonge in the Class of Billionaires

8th July 2025 at 00:42

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda