Why Are Top Bank of Uganda Staff Still Meeting the Mpangas?

Why Are Top Bank of Uganda Staff Still Meeting the Mpangas?

On 17th December 2017, Uganda’s most successful entrepreneur, Sudhir Ruparelia registered one of his first and fundamental victories against Bank of Uganda (BOU). The High Court had ruled that BOU could not be represented by AF Mpanga advocates and Timothy Masembe. This it was argued was a conflict of interest considering that Mpanga had been a Crane Bank Lawyer for over 10 years.

However we can now reveal that despite this ruling, BOU staff continue to be cacooned in late night meetings with these forbidden lawyers. Among the BOU staff are Louis Kasekende, the Deputy Governor, the infamous supervision boss, Christine Bagyenda and the Head of Legal at BOU, Margaret Kasule.

Many have interpreted these as kicks of a dying horse as BOU is yet to announce a new law firm to represent them in their case against Sudhir Ruparelia.

According to our sources, these late night meetings are to help transfer information that would otherwise be considered confidential and should never be disclosed by the lawyers who signed a non-disclosure agreement with their former client (Sudhir Ruparelia).

In other news, Bank of Uganda is still yet to explain how a Bank they considered failed and had it acquired would result in its buyer (DFCU) becoming one of the most profitable banks in the aftermath of the buy-out. Could it have been that their was an inside scam to make Sudhir lose his bank? If Crane Bank was really operating in losses, how could it be that DFCU after taking over was able to pay its shareholders dividends for the first time in a long while?



Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Tracie Mugisha is a lovey-dovey prying eye pursuing her Bachelor's degree at Makerere University while capturing all the news and gossip happening around campus.

More in Articles

How Makerere Lecturer Gave Oral Exam to Kikuyu Student In Exchange For A Transcript

Tracie MugishaApril 17, 2018

Former Kyambogo Guild President Proposes To Girlfriend In Middle of Road

Tracie MugishaApril 2, 2018

Tales of Every Ugandan University Student

Tracie MugishaApril 2, 2018

Israel to Build $300 million Airport in Hoima, Uganda

Tracie MugishaFebruary 5, 2018

Meet Peterson Mwesiga, the Only Law First Class Graduate in 10 Years

Tracie MugishaJanuary 21, 2018

Uganda’s Queen of Katwe, Phiona Mutesi Leads Her University to Chess Title

Tracie MugishaJanuary 10, 2018 is Uganda's number one campus based media website. We exist to talk about the Pop-culture in Ugandan campuses as regards the Fraternity and Sorority cultures. Whatever story is too good to hide, we have it. Whatever story is too shocking, we publish it

Copyright © 2016 Campus Eye