By Sekaggya Seka Moses
KAMPALA, UGANDA – In a significant development, the Criminal Investigations Directorate (CID) of Uganda has arrested seven individuals from the Ministry of Finance and Bank of Uganda in connection with the disappearance of USD 16 million (approximately UGX 60 billion) from the Bank of Uganda’s coffers.
The arrests come after a three-month investigation, which was sparked by a forensic audit report from the Auditor General highlighting significant irregularities and criminal activities related to the missing funds.
The report was presented to Parliament and subsequently forwarded to the CID for further investigation.
The public has welcomed the arrests, with many calling for swift justice and accountability.
The Bank of Uganda has faced intense scrutiny over its handling of the situation, and the arrests are seen as a step towards restoring public trust in the institution.
President Yoweri Museveni had ordered an investigation into the reports of the missing funds, instructing the Auditor General to investigate the matter.
The CID’s actions demonstrate a commitment to addressing financial crimes and ensuring that those responsible are held accountable.
The ongoing investigation will be closely watched by the public and stakeholders, as it has significant implications for the integrity of Uganda’s financial institutions.
As the investigation unfolds, many will be looking for answers on how such a significant amount of money could disappear from the Bank of Uganda’s coffers.
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