Uganda’s Central Bank

Bank clients in Uganda have called upon government to set up an independent body to conduct a special audit into the operations of the Central Bank and the commercial banks in the country.

The call has been made by the chairperson of the Bank Customers’ Rights Protection Organisation, Nabunya Ntege at a time the central bank is on spot for failure to do its over sight role in operations of most commercial banks.

Nabunya says that many bank customers have had their property fraudulently taken by workers in these banks after they allegedly defaulted on loan repayment.

She argues that the special audit will help foster morals, ethics and integrity in the sector.

The post Ugandan Bank clients want government audits into the Central and Commercial Banks first appeared on Uganda Multimedia News & Information.