BoU currency saga: FDC wants total central bank overhaul

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Opposition Chief Whip, Ssemujju Nganda

By Kagenyi Lukka

Opposition Forum for Democratic Change (FDC) has called for the immediate resignation of Bank of Uganda governor Emmanuel Mutebile over the Shs90 billion scandal.

The call was made Monday at the FDC headquarters in Najjanankumbi by FDC party spokesperson, Ibrahim Ssemujju Nganda.

According to Nganda, Mutebile has failed to manage the bank owing to the recent currency saga involving the bank’s senior officials who are currently in prison for corruption and abuse of office.

“Mutebile should resign because he has failed to contain different scandals that keep happening one after another in the bank,” Nganda told press.

“I am sure he also does not know how they happen, since he just wakes up and some things have happened,” he added.

According to Nganda, Mutebile should have gone long time ago but the current government does not want him to leave.

Since President Museveni appointed Mutebile, he should lay him off himself since he can no longer manage his house, Nganda suggested.

The money saga came just after parliament had concluded investigations into the alleged illegal closure and sale of commercial banks which once more featured the bank’s senior officials.

Key among them was Crane bank owned by city mogul Dr Sudhir Ruparelia which was hurriedly and fraudulently sold to dfcu bank.

In February this year, FDC called for the sacking of Mutebile and the board for gross abuse of office that led to closure of commercial banks.

Nganda said the office of governor slept on their supervisory mandate.

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