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Sunday,September 27,2020 10:26 AM

Post Bank is sound - Central Bank

By Ali Twaha

Added 2nd December 2019 08:00 PM

The Central Bank deputy governor, Louis Kasekende, said the Central Bank “is aware of the issues under investigation” and is working closely with the Unit and the Ministry of Finance to ensure that the services and operations of the bank are not interrupted.

Post Bank is sound - Central Bank

Louis-Kasekende.jpg

The Central Bank deputy governor, Louis Kasekende, said the Central Bank “is aware of the issues under investigation” and is working closely with the Unit and the Ministry of Finance to ensure that the services and operations of the bank are not interrupted.

The Central Bank has said operations of Post Bank Uganda remain strong, sound and resilient.

The Bank's statements follow an ongoing investigation into Post Bank's top officials over alleged abuse of office by the State House Anti-Corruption Unit, a development that has sparked anxiety within its clientele.  

Last week, the Unit led by Lt. Col. Edith Nakalema said they received "credible information" from a whistleblower and that "a number of senior bank personnel investigation over abuse of office."

In a press statement, the Central Bank deputy governor Louis Kasekende, said the Central Bank "is aware of the issues under investigation" and is working very closely the Unit and the Ministry of Finance to ensure that the services and operations of the bank are not interrupted.

"The Bank of Uganda assures Post Bank customers and the general public that Post Bank Uganda Limited is strong, safe and sound and all its services will continue uninterrupted at all its branches," Kasekende said.

The State House Unit was officially launched by President Yoweri Museveni last year to help weed out corrupt officials in Government ministries, departments, and agencies.

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