Items filtered by date: Thursday, 26 November 2020

COVID19 Cases At Bank Of Uganda That Never Were

The deputy governor Bank of Uganda Dr Michael Atingo-Ego and a group of ‘influential’ individuals duped the governor Emmanuel Tumusiime-Mutebile that there were confirmed Covid-19 cases at the central bank, an insider told Eagle Online.

Apparently, the reported COVID-19 ‘never existed’ but ‘a creation of some individuals together with Dr. Atingi-Ego’ to keep the governor and some non-essential workers away from their workstations at the central bank and work from their homes.   

Sources further told Eagle Online that it is at this very time that matters of Crane Bank resurrected and so is the issue liquidation.

“Sources within the central bank say there is no central cohesion anymore in the bank due to the absence of the governor most of the time given that he works from home and secondly the issue of Coronavirus,” the website reported.

Some heads and deputy heads of department were required into the office to perform some duties of among others signing documents and later leave, it added.

“Thieves are utilizing the absence of the governor to execute selfish motives at the BoU. As you are aware, the governor is frail and spends most of the time at home. He only comes in when there are urgent issues so they are taking that chance,” the source said.

This comes in awake of property mogul Sudhir Ruparelia’s motives to repossess his former Crane Bank. Sudhir claims that the receivership ended in January 2018 noting that the board is ready to run the bank.

Source further reveal that Atingi-Ego is a close buddy of his predecessor Louis Kasekende and has since followed his advice and instruction in conducting business. Kasekende is rumoured to have saved him when he was sent Luzira prison some years back.

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