BoU probe: Central Bank retained Commercial Bank directors as legal advisors
571 views · Published 11 December 2018 · 1:09 · Indexed 21 October 2026
Channel: NTVUganda · 2018 · News & Politics
Legislators on the committee of Commissions, Statutory Authorities and State Enterprises have heard that Bank of Uganda contracted a law firm as transaction advisors for the closure and sale of National Bank of Commerce, without following proper procurement procedures. The law firm was paid Shs 4 billion for that service. The MPs were also concerned that the Bank of Uganda had retained the directors of several commercial banks as legal advisors, presenting challenges of conflict of interest. #NTVNews Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Like our Facebook page http://www.facebook.com/NTVUganda
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