Tag Archives: cash

WHO STOLE IT? Panic at Ministry of Defence as M7 Orders Probe of Sh231Bn Veterans Compensation Cash Loot

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President Museveni has directed leaders of veterans’ associations to convene for a comprehensive audit of more than 231 billion shillings disbursed over the years to support veterans’ wealth-creation initiatives.The directive was issued during this year’s virtual Liberation Day commemorations at State House, Nakasero.Museveni said the meeting would establish how the funds distributed since 2008 have been utilized and whether the …

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BoU Sets New Daily Cash Withdrawal Limits in Push for Digital Payments

BoU Sets New Daily Cash Withdrawal Limits in Push for

The Bank of Uganda (BoU) has announced fresh restrictions on over-the-counter cash withdrawals, introducing daily caps of Shs50 million for individuals and Shs500 million for businesses as part of efforts to promote a cashless economy. In a directive circulated to commercial banks, credit institutions, and microfinance deposit-taking institutions, the central bank indicated that the new measures will come into force …

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Seven remanded over theft of Shs 620m cash from forex bureau operator

Seven remanded over theft of Shs 620m cash from forex

Buganda Road Chief Magistrate’s court has remanded seven youths to Luzira Prison on charges of aggravated robbery of Shs 620 million from a forex bureau operator in Kampala.  The suspects, aged between 18 and 30, were arraigned before senior principal magistrate grade one Winnie Nankya Jatiko, who read to them a single count of aggravated robbery.The court did not allow …

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From COSASE to State House: How the Tea Cash Storm Keeps Haunting MP Katabaazi

From COSASE to State House How the Tea Cash Storm

Long before President Yoweri Museveni fired off a sharply worded directive ordering investigations into the alleged extortion of tea nursery operators, Patrick Kiconco Katabaazi had already become a familiar figure in one of Uganda’s most controversial compensation disputes. Now serving as Rukiga County MP, Katabaazi once again finds himself under intense scrutiny after Museveni directly named his law firm, Pathways …

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Among cash trail traced back to cleaners, security guards

Among cash trail traced back to cleaners security guards

Embattled former speaker of parliament Anita Among was reportedly using cleaners, security guards and fleet drivers at parliament to siphon and launder funds, and beat Financial Intelligence Authority (FIA) scrutiny. According to sources close to investigations probing the alleged corruption, money laundering and illicit enrichment in parliament, after analysing the financial transactions of various parliamentary department staff accounts in transportation, …

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Serena Hotel porter remanded over missing S.Sudan president’s $12,000 cash

Serena Hotel porter remanded over missing SSudan presidents 12000 cash

Buganda Road Chief Magistrate’s court has remanded a porter attached to Kampala Serena Hotel to Luzira prison over the alleged theft of $12,000 cash belonging to a visiting South Sudanese military officer. William Ssemata, 39, appeared before grade one magistrate Rophine Achayo and was charged with one count of theft. He is accused of stealing the money belonging to Brig …

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NHCCL IN BILLIONS MESS! Cash Trapped, Projects Stalled, As Power War Rocks Kajuka’s Final Days as CEO

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The National Housing Construction Company Limited (NHCCL), a key pillar in Uganda’s push for modern housing and sustainable urbanisation, is now staring at a deepening crisis after the Auditor General’s December 2025 report laid bare a trail of financial missteps, stalled projects, and internal intrigue that threatens to derail its mandate. At the centre of the storm is Chief Executive …

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UNBS CASH SCANDAL! Sh9.6bn Missing in Digital Stamps Deal— SCIPA Pays Just 27% As Standards Body Sleeps On Duty! Who Is Protecting Who?

UNBS CASH SCANDAL Sh96bn Missing in Digital Stamps Deal— SCIPA

A storm is brewing at the Uganda National Bureau of Standards after a bombshell report exposed shocking gaps in oversight, weak enforcement, and a baffling multi-billion-shilling shortfall in the highly sensitive digital stamps system. At the centre of the controversy is a jaw-dropping revenue gap involving Swiss-linked firm SICPA Global Fluids Integrity SA, contracted to run the Digital Conformity Marking …

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