Tag Archives: withholding

Tax Appeals Tribunal Ruling Highlights Withholding Tax Breaches and Global Money Flows Within Watoto Network » The Hoima Post –

February 26, 2026 0

Tax Appeals Tribunal Ruling Highlights Withholding Tax Breaches and Global

A multi-year comparison of Watoto Child Care Ministries’ filings in the United Kingdom (UK) for the years 2020 to 2024 have revealed a pattern of escalating financial and governance red flags. A Tax Appeals Tribunal (TAT) ruling of November 2025 has revealed that Watoto Child Care Ministries has engaged U.S based companies linked to senior figures within Watoto Network to …

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RIP-OFF! Equity Bank, CIC Insurance fined billions for withholding customers cash

October 29, 2025 0

Equity Bank Relocates Bugolobi Branch to Enhance Customer Convenience and Experience

20 companies, including CIC Insurance, Equity Bank, and several universities, have been penalised a total of Sh2.2 billion for failing to hand over unclaimed financial assets to the Unclaimed Financial Assets Authority (UFAA), Kenya media reports. The fines follow a detailed audit by Kenya’s Auditor-General, which revealed that these firms withheld dividends, insurance payments, dormant savings, and other idle funds …

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