Tag Archives: Lies

Africa’s so-called banking powerhouse, Nigeria’s Access Bank, is once again under the spotlight after another high-profile merger deal spectacularly collapsed—this time in South Africa. Barely months after Uganda’s Finance Trust Bank (FTB) was left gasping for air following a failed takeover promise, Access Bank has now walked away from a Sh625.4 billion agreement to acquire 100% of Bidvest Bank Holdings …

From women’s banking dream to Tier II downgrade, today, RedPepper reveals the slow, painful unravelling of Finance Trust Bank. When the Bank of Uganda (BoU)quietly approved FTB’s transition from a Tier I commercial bank to a Tier II credit institution effective April 1, 2026, and went on to announce the decision publically in a notice issued Thursday, Jan. 29, it …

Big-hearted President Yoweri Museveni has forgiven Swiss-Indian billionaire Pankaj Oswal, whose family in 2024 launched an international smear campaign accusing Uganda of abducting and torturing their daughter. Oswal and his kin – wife Radhika Oswal, daughter Riddhi Oswal ran to every media house—local and international—plus the United Nations Working Group on Arbitrary Detention (WGAD), painting Uganda as a rogue state …