Bagyenda Solely Signed Global Trust Bank Sale Agreement

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Governor Emmanuel Mutebile with Justine Bagyenda. Olive Nakatudde

Governor Emmanuel Mutebile with Justine Bagyenda. Login to license this image from 1$.

In short
MPs on Thursday learned of a confidential purchase agreement which Bank of Uganda entered into with DFCU Bank on 10th July 2014 before Global Trust Bank was eventually closed on 25th July 2014. This means that the Central Bank never managed Global Trust Bank for a minimum of six months as required by the Financial Institutions Act.

 

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