Did BoU employees' investments influence decisions to sell banks to DFCU?
1,035 views · Published 7 December 2018 · 3:49 · Indexed 20 October 2026
Channel: NTVUganda · 2018 · News & Politics
The parliamentary Committee on Commissions, Statutory Authorities and State Enterprises has found out that the Bank of Uganda Staff Retirement Benefits Scheme holds shares in DFCU Bank which bought Global Trust Bank and Crane Bank after the Central Bank sold the banks. The committee also learnt that Dr. William Kalema who was a board member of Bank of Uganda was also a Board member of DFCU in 2014 when it took over Global Trust Bank. According to the committee members, these factors might have influenced the Central Bank to flaunt procurement guidelines to favour DFCU Bank in the transactions. #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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