Bank Of Uganda Director Sekabira Faces Charges

Benedict Sekabira, the Director Financial Markets Development at Bank of Uganda and Justine Bagyenda appearing before COSASE to answer allegations of mismanagement Bank of Uganda. INTERNET PHOTO Benedict Sekabira, the Director Financial Markets Development at Bank of Uganda and Justine Bagyenda appearing before COSASE to answer allegations of mismanagement Bank of Uganda.

The Criminal Investigations Directorate of Uganda Police Force, in a letter dated July 27, 2020, and addressed to the Governor Bank of Uganda, summoned Benedict Sekabira, the Director Financial Markets Development at Bank of Uganda and others to help in the investigation regarding their role in the concealing of land titles and later the seize of the land titles belonging to some of the commercial banks that the central bank shut down.

The Criminal Investigations Directorate in the letter was seeking permission from the governor to release Sekabira so that he can be prosecuted. 

“The Directorate has been investigating the above matter that arose from the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) with directive to the Inspector General of police t immediately upon adoption of Special Audit Report on defunct banks seize all the land titles in possession of JN Kirkland and Associates and MS SIL Investment arising from the loan portfolio sold to Ms Nile River Acquisition Company BY bank of Uganda”

“This is to inform you that the Director public Prosecution sanctioned the matter for the suspect to appear in Court and the purpose of this communication is to request you release Mr. Benedict Sekabira to report at CID headquarters on July 30, 2020,  such that he can be produced in court for the charges of concealing titles deeds under sections 278 of the penal code” reads the letter to the governor.

According to media reports, Sekabira, despite being released by the governor Bank of Uganda, Emmanuel Tumuiime Mutebile, didn’t appear at the CID offices on July 30, as indicated in the summon letter. It is not yet known what course of action the police will take.

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