5 Senior Cops Under Probe for Stealing Exhibits, Illegal Seizing of Cars

Senior police officers attached to crime intelligence directorate are under investigation by Professional standard Unit (PSU) and director CID Grace Akullo for illegal seizure of cars and failing to account for police exhibits.
According to information seen by this investigative website, police officers attached to crime intelligence department last year launched an operation of recovering stolen cars but instead they started extorting money from people and impound their cars illegally.
The suspects are D/AIP Nicholas Onyango, ASP Arinaitwe, PPC Julius Musinguzi and ASP Kabinga.
Some of the victims who wrote to director CID and commandant PSU are Kaziba Dauda a residence of Mbale and Bumali Mwima who say their cars were impounded by Crime Intelligence officers and they detained them for over 3 weeks.

According to victims, their cars UAH 615Q, UAQ 548Q,UAF 410S and others were impounded by these officers.
The owners of these cars brought all necessary documents showing that these cars are not stolen but they
were intimidated and detained beyond 48 hours.
“Our cars were vandalized and we were extorted by our money by these officers who arrested us”. Said Dauda
Kaziba.
When we contacted the spokesperson of CI ASP Vicente Sekate confirmed that the investigations were underway.

UPDF Deploys 165 Military Officers To Monitor Gen Kayihura Movements

Uganda Peoples Defense Forces has deployed a total of 165 military personnels to monitor the movements of the embattled former police Chief Gen Kale Kayihura until his case before general military court martial is disposed off.
According to our highly placed sources at Mbuya military headquarters, the soldiers are meant to monitor Kayihura’s homes in Kampala, Lyantonde, and his own home village in Kisoro district and all his movements and activities.
Gen Kayihura has since been given a brand new Prado Landcuiser with an escort vehicle all bearing defense number plates all equipped with new army officers with instructions to report and brief defense leadership.
On 4 March 2018, President Yoweri Museveni fired Gen Kayihura as police chief and elevated Martin Okoth Ochola who was previously the deputy police chief.
This followed widespread outcry from concerned citizens, regarding increased insecurity in the country, with the police cavorting with known criminal gangs. Kidnappings-for-ransom, wanton murders and robberies, including a rash of unexplained tourist deaths; all un-solved, which left the security apparatus clue-less.
On June 13 2018, Kayihura was arrested on charges of illegal repatriation of refugees from Rwanda some who were later executed on arrival by authorities in Kigali.
Kayihura is charged with allowing arms and ammunition issued to police units to be given to gangs and paramilitary organizations.
He faces a maximum penalty of death if convicted.
Kayihura’s lawyers argued the 62-year-old was not well and required medical attention outside Uganda.
He was later released on bail after 76 days in military custody.

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Yes I Took Away Documents from BoU-Bagyenda Tells COSASE

Former Director of Supervision for Commercial banks at Bank of Uganda (BoU), Ms Justine Bagyenda on Wednesday accepted that she had taken documents out of the central bank even though she said most of them related to her consultancy work and not the sale of commercial banks.
Ms Bagyenda said as she and BoU staff was appearing before Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) for questioning over closure of seven commercial banks whose vital documents relating to transactions have gone missing.
In late November all fingers seemed to point to Bagyenda regarding the missing inventory reports and others. Benedict Sekabira, the Director Financial Markets Development Coordination in December said it was only Bagyenda who can reveal where some of the files were. Suspicion was that Bagyenda picked files when she was in February 2018 fired unceremoniously by the Governor Emmanuel Tumusiime-Mutebile, six months to her retirement. As Executive Director of supervision, her role was to ensure the stability of the banking industry but her boss sacked her after the Crane Bank scandal emerged.
Ms. Bagyenda was heavily involved in the controversial closure and sale of Global Trust Bank Uganda (GTBU) Crane Bank Limited (CBL) to Dfcu Bank in July 2014 and January 2017 respectively. CBL was sold on credit at Shs200 billion that is being paid in installments, with the central bank claiming it spent Shs478.8 billions of taxpayers’ on CBL before selling it to Dfcu Bank.
Cosase does not have all the required documents of defunct banks because BoU staffs have failed to present all of them, with claims that some are misplaced somewhere within the bank, even though it has an archive department.
Sources within BoU say Ms. Bagyenda worked closely with BoU’s Deputy Governor Dr. Louis Kasekende in the closure and liquidation of some of the banks, for instance, CBL whose closure caused the on-going Cosase probe that so far has not gotten satisfactory answers from the BoU. The problem has been the official’s failure to avail them with all the documents related to defunct banks.
BoU director of security Milton Opio in November told the MPs that Ms Bagyenda facilitated the theft of documents from the central bank. Opio said that their CCTV camera’s captured Bagyenda’s assistant’s smuggling bags of documents from the central bank early this year. Opio made the revelation under the directive of BoU governor Emmanuel Tumusiime-Mutebile, who had been tasked to explain whether the central bank had any case of stolen documents.
Meanwhile BoU officials were on Tuesday tasked to provide terms of reference under which they offered law firm MMAKS Advocates Shs900 million as legal fees during the sale of Crane Bank. The BoU officials could not provide the documents. It also emerged that Sekabira was responsible for payment to the law firm instead of Kitimbo Mugwanya.
The law firm was paid a total of Shs914 million but BoU officials who appeared (COSASE couldn’t provide terms of reference under which they engaged MMAKS/Africa Legal Network
The firm was also paid a further Shs3 billion as commission for monies recovered from Crane Bank shareholders.
The probe follows an Auditor General’s report that probed the closure and sale of seven commercial banks and pointed at possible corruption within BoU. While querying the law firm’s payments, some MPs argued that the payments could have been inflated to benefit corrupt BoU officials.
The MPs pointed fingers at the embattled former Executive Director in Charge of Commercial Bank Supervision Justine Bagyenda as a possible beneficiary, but she read to the MPs a memo/document dated November 30, 2016 requesting for payment of the lawyers, but which didn’t show proof of work done.
The Governor Tumusiime-Mutebile used the memo as a basis to endorse payment of US $51,000 (Shs180 million) as part payment of the legal fees in December 2016.
The Committee Chairperson Abdu Katuntu, said it was wrong for BoU not to have proper records on the particular transaction.
The probe was expected to continue Wednesday when BoU officials were expected to appear accompanied with representatives of M/S J.N. Kirkland & Associates and Sil, the two firms that participated in the sale of assets of Greenland Bank, International Credit Bank and Cooperative Bank to Nile River Acquisition.

MUSEVENI’s OFFICE: Besigye Did Not Go to Bush to Liberate M7, Him Too Had Nothing

National Chairman, President Yoweri Museveni, continues to be the universal subject of talk. Take the case of four-time presidential election loser, Dr Kizza Besigye who, while at the burial of Ms Stella Njuba at Nangabo, claimed to love the NRM National Chairman Museveni than anyone else does. Dr Besigye added that he loved Museveni when he (Museveni) had nothing (to offer compared with others who associate with him apparently for what they get from him).
It was not the first time Besigye was advancing that kind of reasoning which he uses to try and discredit those who work alongside the NRM National Chairman in service of the nation. As expected, critical thinkers can see right through his ploy because it is a materialistic and debased view of politics and power relations.
When Dr Besigye chose to follow Museveni to the bush, it was not for personal friendship but for purposes of liberating himself and his people, whoever they were. There was no option since he, too, had nothing and was fleeing for dear life. He could not have expected to be paid to liberate himself. If he all along he thought he was in the bush fighting for Museveni then finally he can correct the misconception.
In any case, when that phase of the struggle ended the likes of Besigye, who looked at positions of national service as a reward for “work done”- and after amassing personal satisfaction, decided to abdicate duty. They embarked on undoing the good while confusing Ugandans to misdirect them from making their own contribution for Uganda.
The NRM National Chairman Museveni has kept the struggle alive by co-opting “post-liberators” to work with; each making individual contributions in their own right and their effort must not be downplayed. They don’t work for Museveni but for the country- Uganda. Museveni happens to be the most capable lifetime liberator and partner to work with in countering Uganda’s problems. Nobody can love him without loving Uganda and vice versa. It is as simple as that!
 
The NRM National Chairman, President Yoweri Museveni, continues to be the universal subject of talk.
Take the case of four-time presidential election loser, Dr Kizza Besigye who, while at the burial of Ms Stella Njuba at Nangabo, claimed to love the NRM National Chairman Museveni than anyone else does.
Dr Besigye added that he loved Museveni when he (Museveni) had nothing (to offer compared with others who associate with him apparently for what they get from him).
It was not the first time Besigye was advancing that kind of reasoning which he uses to try and discredit those who work alongside the NRM National Chairman in service of the nation. As expected, critical thinkers can see right through his ploy because it is a materialistic and debased view of politics and power relations.
When Dr Besigye chose to follow Museveni to the bush, it was not for personal friendship but for purposes of liberating himself and his people, whoever they were.
There was no option since he, too, had nothing and was fleeing for dear life. He could not have expected to be paid to liberate himself. If he all along he thought he was in the bush fighting for Museveni then finally he can correct the misconception.
In any case, when that phase of the struggle ended the likes of Besigye, who looked at positions of national service as a reward for “work done”- and after amassing personal satisfaction, decided to abdicate duty. They embarked on undoing the good while confusing Ugandans to misdirect them from making their own contribution for Uganda.
The NRM National Chairman Museveni has kept the struggle alive by co-opting “post-liberators” to work with; each making individual contributions in their own right and their effort must not be downplayed. They don’t work for Museveni but for the country- Uganda. Museveni happens to be the most capable lifetime liberator and partner to work with in countering Uganda’s problems. Nobody can love him without loving Uganda and vice versa. It is as simple as that!
 
Adopted from NRM National Chairman Website.
 

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Police at Kyengera Wakiso district is hunting for a security guard for gunning down one person after provocation.
The incident happened last night at 9pm at Kyengera Nsangi Division where a one Okwir Isaac A Private Security Guard With Redteck Company Guarding  a Pepsi Depot At Kyengera , shot and killed one Kinene Abubakar a Mechanic over a light quarrel/provocation .
The suspect after the incident took off and is being hunted by security for prosecution.

BoU Officials Fail to defend shs 900m paid to MMaks Advocates in Crane bank Sale

Bank of Uganda officials have failed to defend shs 900m before MPs on parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) which they paid to MMAKS advocates for external legal advice.
The officials who were appearing before the committee today Tuesday were put to task to explain how they hired MMAKS Advocates and gave the law firm work without terms of reference as well as not having minutes of the meetings relating to the work the lawyers were to do in regard to the liquidation and sale of Crane Bank Limited (CBL).
MMAKS Advocates were paid Shs914, 272,722 for legal advice during CBL intervention, resolution and advice on the sale of CBL assets and assumption of liabilities.
The firm would further be paid extra Shs 3 billion as 5 percent commission monies recovered from CBL shareholders. The MPs contend those payments were exaggerated to benefit some BoU senior staff involved in the sale of CBL.
The former director of Bank supervision at BoU Justine Bagyenda failed to convince the legislators on the business MMAKS did with BoU as some records were missing. Committee chairman Abdu Katuntu said it was wrong for BoU not to have records on the particular transaction.
Bagyenda read to the MPs a memo/document of November 30, 2016 requesting for payment of the lawyers without showing the work that was done. BoU governor would on December 12, endorse and approve the request for payment of over US$51000 dollars as part of their total fee.
The law firm was hired after On October 28, 2016, BOU engaged PWC to carry out a forensic review of Crane Bank Limited (CBL) focusing on a 48 month period before statutory management which was completed on January 13, 2017.
On November 28, 2016, BOU engaged MMAKS Advocates to provide transaction advice to take over CBL and the firm would on December 9, 2016, on behalf of BoU, invite 13 bidders to bid for the purchase of assets and assumption of liabilities of CBL. Between 12th and 15th December 2016, BOU issued the Inventory report to 6 bidders after signing a confidential agreement for them to undertake due diligence on the assets and liabilities of CBL. Subsequently on 20’h December 20, 2016, two bids were received and evaluated.
The costs to MMAKS are part of the Shs12 billion intervention costs BoU claims to have sunk in CBL during the takeover. Lawyers of MMAKS also ar4e directors of some commercial banks yet they do business with BoU which is the regulators. MPs said this creates conflict of interest and that BoU should have addressed the issue before giving the law firm the job.
Meanwhile, Committee Chairman Abdu Katuntu has ordered that BoU staff tomorrow appear again accompanied with representatives of M/S J.N. Kirkland & Associates and Sil, the two firms that participated in the sale of assets of Greenland Bank, International Credit Bank and Cooperative Bank to Nile River Acquisition at Shs8.89 billion.

Time for Dfcu Bank to prove Global Trust and Crane banks acquisition were legitimate deals

Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) in late December 2018 is yet to conclude its probe of Bank of Uganda senior staff (BoU) over the liquidation of seven commercial banks between 1993 and 2016.
The banks closed by BoU included Teefe Trust Bank, Greenland Bank, International Credit Bank, Cooperative Bank, National Bank of Commerce, Global Trust Bank Uganda (GTBU) and Crane Bank Limited (CBL). The closure of some of the banks has left doubt in the minds of Ugandans as to whether some of the BoU senior staff deserve the jobs they are holding.
Dfcu Bank of which BoU Staff Retirement Benefits Scheme holds shares, respectively bought GTBU in July 2014 and CBL in January 2017 after the former executive director of bank supervision Ms Justine Bagyenda approached Dfcu top managers over phone about the availability of the two banks for acquisition.
Dfcu Bank top managers including the former Managing Director Juma Kisaame are expected to appear before Cosase soon. The Dfcu executives are expected to tell the MPs how they came to acquire both GTBU and CBL given that the transactions are questionable as BoU top managers failed to present related documents and gave conflicting answers regarding the transactions.
For instance, during the probe of BoU, MPs learnt that Dr. William Kalema who was a board member of BoU was also a Board member of DFCU in 2014 when it took over GTBU. Ms Bagyenda is also said to have shared confidential information of GTBU with DFCU Bank top managers, which is against the country’s established banking regulations.
According to the committee members, these factors is present a conflict of interest situation in which BoU staff might have benefited at the expense of shareholders of GTBU who are now demanding for over Shs300 billion compensation on top of other costs.
During the probe, BoU senior staff were tasked by the MPs to explain the taxpayers’ Shs 478.8 billion they claim to have spent on CBL takeover but failed to account for the money which is not reflected on CBL accounts. BoU claims it spent the money as liquidity support and other costs despite CBL only needing Shs157 billion to stabilise. That money was not given and instead BoU sold CBL to Dcu Bank on credit at Shs200 billion as cited by the Auditor General John Muwanga’s special audit report of BoU on defunct banks.
According to the report released in late August 2018, DFCU Bank had paid about Shs98 billion of the Shs200 billion. Dfcu agreed with BOU to pay Shs200 billion liability within 30 months commencing October 1, 2017 and was to provide security in form of treasury bills (with less than 91 days maturity) on the completion date.
In March 2018 Dfcu Bank announced an impressive Shs127.6 billion net profit in the year ended 31 December 2017, up from Shs46.2bn registered in 2016. The huge Shs81.4 billion profit leap, came in the aftermath of the takeover of CBL.
Despite the transaction that saw Dfcu Bank take over CBL, the Auditor General established that there was no guidelines in place to guide the process. “I observed that there were no guidelines… or polices in place to guide the identification of the purchasers of defunct bank. There were also no guidelines to determine the procedures to be adopted by the Central Bank in the sale/transfer of assets and liabilities of the defunct banks to the identified purchaser.
Further, the Auditor General noted that BoU did not carry out a requisite valuation of assets and liabilities of GTBU and CBL resolved using the purchase and assumption arrangement at the time of signing the P&A. “In absence of the valuation and or documented evaluation of alternatives and assumptions used, I could not establish how the terms for the transfer of assets and liabilities in the P&A were determined,” he said.
Upon the acquisition of CBL, Dfcu Bank’s total assets increased to a record Shs3 trillion, up from Shs1.7 trillion in 2016 while t’s core capital increased to Shs362 billion in 2017, up from Shs 188 billion in 2016.
Former Crane Bank shareholders led by majority shareholder Sudhir Ruparelia and family have vowed to recover CBL, claiming their bank was sold to Dfcu Bank without considering their interests in accordance with the Financial Institutions Act.
Dfcu Bank is partly owned by the Commonwealth Development Corporation (CDC), a British government-owned company, together with Rabo Development from the Netherlands and NorFinance from Norway, who are shareholders in Arise B.V together with Norfund, a Norwegian government-owned Private Equity firm and FMO, the Dutch Development Bank.
Shareholding percentages:
Arise BV 58.71 per cent
CDC Group of the United Kingdom 9.97 per cent
National Social Security Fund (Uganda) 7.69 per cent
Kimberlite Frontier Africa Naster Fund 6.15 per cent
2 undisclosed Institutional Investors 3.22 per cent
SSB-Conrad N. Hilton Foundation 0.98 per cent
Vanderbilt University 0.87 per cent
Blakeney Management 0.63 per cent
Bank of Uganda Staff Retirement Benefits Scheme 0.59 per cent
Retail investors 11.19 per cent