Solomon Arinaitwe, Daily Monitor

Solomon Arinaitwe

Daily Monitor

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Past:
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Past articles by Solomon:

MPs to probe Shs150b South Sudan payments

Ms Kadaga announced that the Select Committee will be chaired by the Kyankwanzi Woman MP Anne Maria Nankabirwa → Read More

MPs fault banks inquiry report over failure to name individuals

Other MPs want the report be referred to the IGG for further investigations → Read More

MPs call for reforms at Bank of Uganda

The banks include Teefe Trust Bank, International Credit Bank, Cooperative Bank, Greenland Bank, Global Trust Bank Uganda, National Bank of Commerce and Crane Bank Limited → Read More

Inside the Bill that angered both NRM, FDC lawmakers

MPs familiar with the process that led to cancellation of the reappointment of NRM’s choice of commissioners say bad blood has been brewing between some commissioners and Speaker Kadaga over → Read More

Kasaija blasts BoU over closed banks

The Finance minister says Bank of Uganda should have pulled all the stops to ensure that the affected banks remain in business → Read More

Closed banks: dfcu makes U-turn on Crane Bank properties

The report will also shed light on Crane Bank assets that its shareholders have told the Committee that they were worth Shs1.2t in 2015, two years before it was sold → Read More

Crane Bank closure: Sudhir wants Shs584b from BoU

They say holding the Bad Book offends provisions of the Financial Institutions Act. A Bad Book is where a bank’s loans are registered → Read More

Bagyenda forced us to buy Mbabazi bank, says Sudhir

The parliament’s Committee on Commissions, Statutory Authorities and State Enterprises is investigating alleged irregularities by Bank of Uganda in the closure of seven commercial banks → Read More

Mbabazi, Rukikaire pin Bagyenda on NBC closure

It is alleged that Ms Bagyenda closed their bank even after they had raised the Shs7b the Central Bank had set as the requirement for capitalisation. → Read More

MPs summon closed banks’ shareholders

Meanwhile, Speaker Rebecca Kadaga has ruled that the committee has up to February 22 to complete investigations, table a report and handover to incoming chairperson Mubarak Muyangwa → Read More

New law to clip FDC wings in Parliament

The only silver lining for the Opposition under the Bill is a proposal to create a new office of Deputy Leader of Opposition → Read More

You took over BoU lawyers work, MPs tell Bagyenda

The law firms include MMAKS, Bowman’s Uganda, Cohen and Collins Solicitors and Notaries and Sebalu & Lule Advocate → Read More

BoU officials fail to account for Shs478b- VIDEO

The money was meant to help stablise Crane Bank and ensure that its problems did not mess up the economy → Read More

BoU probe: Kasekende writes to Speaker over properties

Some of the other land titles, Mr Kasekende protested, are owned by members of his family → Read More

Parliament should investigate Bududa issue

“One of them is that the land belongs to absentee owners who ran away from cattle rustlers and they have already petitioned the IGG and are also in court" → Read More

BoU fails to table Crane Bank assets, loans report

BoU failed to explain how the assets and liabilities that were transferred from Crane Bank to dfcu Bank were calculated and if the method used was in line with the law → Read More

MPs to investigate BoU directors’ wealth

Tensions were only defused after the committee retired into a closed-door meeting and resolved to allow Mr Otto table his documents but not to divulge details about the properties → Read More

Cosase rejects Museveni call for secret BoU probe

The President admitted that he has had “problems” with BoU, which he declined to divulge → Read More

BoU officials disagree over Crane Bank capitalisation

Governor Mutebile’s position that he did not have figures regarding Crane Bank’s undercapitalisation was contradicted by Mr Benedict Ssekabira, the Director Financial Markets Coordination → Read More

BoU probe: Bagyenda sold NBC through a phone call

Mr Benedict Ssekabira, BoU’s Director for Financial Markets Coordination, said the central bank took the decision to close NBC in 2012 on grounds that it lacked enough capital to keep afloat → Read More