Security finds clues in BoU extra Shs90bn scandal

Money stashed in bags

A joint security team has recovered crucial documents from homes of detained Bank of Uganda officials indicating that they printed unauthorised extra currency. last week landed on exclusive pictures of money stashed  in bags, boxes and hidden in one of the bank officials’ house which the government dismissed as “far-fetched”.

Police spokesperson Fred Enanga told media on Monday that they raided homes of six senior bank officials who are still in police detention as investigations continue.

“The searches were done in the homes of the officials and a number of documents were recovered,” Enanga said.

Victoria University

“With time, we shall get how much was involved, how much (money) has been recovered, what was genuine (currency), what was unofficial, but genuine money.”

Enanga said police are investigating whether the established procedures to print money were duly followed.

He said the investigating officers would analyse the serial numbers of the printed currency notes now in possession of the Central Bank to establish whether they are fake or genuine but unofficially printed.

BoU spokesperson, Charity Mugumya, said operations are going on normally and there should be no worry that they have been disrupted.

“About 8 of the colleagues who were asked to help in the investigations are back to work,” she told NBS television.

On money, she was quoted in a local newspaper saying that printing of money is under strict international regulations and cannot be flouted by individuals.

On Wednesday last week, the State House Anticorruption Unit and police arrested several BoU officials in charge of currency, procurement and security and officials from the Customs Department, airport police officers and Civil Aviation Authority (CAA) staff.

Lt Col Edith Nakalema, the head of the State House Anti-Corruption Unit, told Daily Monitor preliminary findings indicated no extra money was carried into the country.

Initial reports said Shs90b excess money was on the same flight that delivered the consignment of BoU official currency notes in April.

Bank of Uganda chartered the KUENE +NAGEL Cargo plane to deliver the consignment of Uganda currency.

The plane departed from France and landed at Entebbe on April 27 early morning.

Upon landing, it was later discovered that on the same flight was cargo of private individuals like businessmen Charles Mbire and Omar Mandela.



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