We can lie to ourselves, we all do it now and then, and even the most holy of us does it, but acts like saints. Nevertheless, the realities are hard-hitting and not as people tend it too be. In the recent days, there been steady scandals in two institutions connected to the government of Uganda. This being the Bank of Uganda and Uganda Telecom Limited. Both whose place is vital and both under “ownership” of the state.
They have very different roles in society, as one is the Reserve Bank and the one that follows direct guidelines of the Ministry of Finance, Economic Planning and Development, while the same Ministry owns the other! That is why there are some of the same aspects, as the stories are pouring out.
The BoU is rocked by lack of due diligence, lack of minutes, lack of working after protocol and procurement. The UTL is lacking leadership, lacking structure or even basic control from the state. Both is run by the MoFPED and still has the same issues. It is like they are two ugly siblings and none of these bastards can get a date.
The BoU is the epitome of corrupt behaviour from buying pens, securing quick-fix funds for trading commercial banks and so on. While the UTL have shady-back-door deals with willy-nilly abroad in Mauritius or Nigeria, even some skeletons in Libya. Still, even if Hon. Evelyn Anite tries every avenue and use all parts of the dictionary, she still doesn’t have the powers to sack the ones running UTL, because the MoFPED is involved and who knows how the President Museveni micromanages these state owned enterprises. Since his known for guidance everywhere in the Republic. That is why Hon. Anite had to send a letter to him to further her cause in the UTL saga.
We can lie to ourselves, but not that it does any good. At this point, the involvement of the state, the known actors and only the small-fries are getting caught. The ones doing the heist, doing the handshakes and getting the kick-backs from there is working directly with the State House. That is well known and not unknown, they even ask permission before doing so. This is what they do. Its only the ones who doesn’t ask who ends in the files of various departments fighting corruption. Even if they end up there, they might lose the paperwork or minutes before investigation, as the loyal subjects clear the house. So, that the big-man on top, doesn’t get humiliated.
This is just what is up and what is going down. These men who runs these SOEs are allowed to what they do, because the higher power let them do it and they are all eating. Especially, when the “high above” sanctions it, its all cool, but if he doesn’t get a cut; than there is an issue and someone have to pay. That is the end-game, that is why it continues and why it floats like this. Not because this is a healthy practice or even a way that the state should govern, but this is what they are known to do.
The UTL and BoU have similar issues, they are doing similar acts, but with different enterprises. We can act a fool, but that will still not save the face of the ones running it. Sooner or later, someone will fall on the sword of their master. Right now its not needed, but when these two institutions needs a boost of confidence, someone will swallow their pride and do their last act of mercy. That is just how it goes. We just don’t know who will fall and for what cause, other than saving the high above from humiliation. Peace.
Well, we are at this point and time, where the printing company have back dropped their information to the public. As well, as the ones in charge of spin control in the state, this being Uganda Media Centre, as well, as the Police Force itself plus internal statements from the Bank of Uganda.
While the Directors are under scrutiny, the spin is out of bound and showing that they are trying to deceive. That the Bank of Uganda had a scheme going on with the shipment of bank-notes, where the high ranking officials could eat of the spoils, but somewhere, somebody tipped the authorities off. Because someone didn’t get their cut.
That is why the state and Bank of Uganda is trying to back peddle it, while the State House, CMI and others are investigating the efforts of transporting the extra consignment of notes. The billions upon billions of extra funds.
We know there was a scheme and that it wasn’t supposed to get to the headlines, that they wasn’t supposed to fight over notes in mattresses, neither fight over blame either. The Bank was supposed to get these, share the spoils and move along like nothing. That is why the spokesperson for the government pins blame on police, while the Bank says its nothing and the Police says its investigating it. While the new Unit in State House confirms the raid on the bank. Surely, it is all a mess, as the institution and the state itself cannot configure the story, nor the procurement of the extra consigned notes. It is like a gift that keeps giving.
We know now that someone ordered extra notes from Europe. Someone had arranged it to happen, the planes with the notes was scheduled and the transfer was already made by the officials in the bank. The State let it happen and let it even come through customs. The state let the BoU do this and didn’t stop it. Until someone tipped off State House, as off they weren’t properly informed or getting their cut. Therefore, they had to cut it off and send a sign, that they are supposed to be informed of this and get their piece of the action.
That is why the Bank was early stating it was negotiating with the authorities, that it wasn’t a raid, even if the State House, CMI and others claimed it was. We can surely see where this is going. This a badly written novel, even a badly written scheme of soldiers of fortune, of financial mercenaries who couldn’t even pocket the funds without ghosting the procurement. They had to leave breadcrumbs and leave traces of deception.
That is why the Bank, the Police and the Uganda Media Centre, all look like fools. The directors, the consignments and the delivery is all there. The ones who was supposed to earn on this was there too. The whole operation was in session and the class was about to start. But was pre-emptively stopped by the authorities and since then, the people looking at it cannot keep their stories straight.
Time will tell, but this is looking like a heist, smelling like a heist and acting like a heist. Even if they are trying to conceal it. Someone got hurt that they didn’t get their pieces of silver and had to blow the whistle. Now, the ugly truth of the operation is peeled off, layer by layer. Peace.
The Bank of Uganda has had their magical pens, they have had their crazy foreclosure of Commerical Banks and now they are procuring and producing banknotes without proper function of the state. This is inside trading and kleptocracy to another level.
The Bank of Uganda is already showing their acts, as they didn’t minutes to closure of a bank and not even following protocol doing that. In the same regard, surely there was no minutes written when the high ranking officials fixed and gotten specialized transport plane filled with billions of Ugandan shillings in freshly minted banknotes.
We know this is a game been missing and sudden death is coming quickly. Because this is a rotten institution to the core. There been proof over a long time, but with every scandal, there are meat to the bone. It is ready for a stew or barbecue.
This bank has been like this under the Presidency, ever since the cross-over of the double digits in 1987 and cut of 30% for the clients using it. This is how they do. The Bank of Uganda is the reserves and the securities for the regime. They do not care how they clear their tab, but the bank will fix it.
If the public cannot trust the inner-circle of the Bank. Who can trust it? Since the BoU is supposed to be the institution that ensures the currency and the economy together with the Ministry of Finance, Planning and Economic Development (MoFPED). They are supposed to deliver what the state needs and secure the economy together. These two institutions are supposed to be the bricks to secure the foundation. Instead, we are questioning one, that breaks down the bridge of trust. So, there is no possibility of crossing that river.
The Bank of Uganda has again come into trouble. Not that its shocking, been a minute where the bank was off the hook. But now the state is trying to fix it without arresting the ones doing the illegal deeds. Surely, these people will be off the hook and off the books, just like their mission was supposed to be. For some reason, the state want to reveal it and surely to embarrass someone behind it. Don’t expect them to spend time behind bars, because these people are connected with the kitchen cabinet and the high above. Since, if the BoU was really in trouble, they wouldn’t have gotten away with their previously done deeds. Therefore, there is more behind closed doors, than what we know.
The Bank of Uganda is in another scandal. It is not strange. Its anticipated, this bank is made to the fortunate and the ones in the inner-circle. The rest just got to beg for mercy. As long as this regime is in power. This will not change, because this not profitable. But as long as it is… it will keep up and the leadership will continue. Since, the President trust them and knows they are carrying water for him. They are getting a cut for doing it too, as long as they are not telling the public.
That is why this latest is a leaked story to get rid of a inner-circle dude, who the leadership doesn’t like or trust. They feel he cannot be one of them and need him to humiliated. The President knows this, the Speaker knows this and the Parliament knows this too. However, they will not say it.
The Bank of Uganda is rocked by another scandal and its not shocking. What it was that it wasn’t bigger and more people getting a cut. It should have been more of the big-men connected with a piece of the trade-off. Because, they didn’t get it. They had to blow the whistle, then it wasn’t acceptable. Peace.
“Those who don’t know history are doomed to repeat it.” – Edmund Burke
The Uganda Communication Commission (UCC) must be a idle force of civil servants, a big bunch of lazy people who has very little to do or even trying to make up work. Because yesterday, a breaking news, which shouldn’t be breaking news is happening again.
The UCC and the Telecom Companies have had several of drives and issues with their SIM-Cards over the last few years. As the companies was even suspended from trading SIM-Cards for a while. That is what has happen. However, it is no returning. The UCC and National Resistance Movement (NRM) likes to toy around with the public and the Telecoms as they are fountains of funds, apparently.
In this spectrum, lets build a timeline before yesterday. The first deadline for registration of SIM-Cards was on 21st April 2017. Second deadline was on the 19th May 2017, but that wasn’t enough either. Because of that, it was postponed to the 22nd May 2017. Alas, that was not the finalization. The registration run continued until 30th August 2017. This was the final one of that SIM-Card Registration drive.
The issues in the last go around was between National Identification and Registration Authority (NIRA) with the National ID Number (NIN) activation on the SIM-Cards, as well as the technical difficulties with the UCC and the Telecoms. Therefore, as the OTT Tax is in play, the state should know, whose is who and know who pays the tax or not. The SIM-Cards should be registered in some sort of system already.
That was the issue of 2017. Now the UCC is revising this and reissuing the same sort of activity. For whatever reason they have. As they now did on the 29th March 2019. Why it is weird, is that the Telecoms had new guidelines selling the SIM-Cards from beginning of August 2017. Therefore, the need shouldn’t be there?
However, this is the latest: “The Uganda Communications Commission (UCC) has directed all telecom companies to verify the identity of their subscribers who hold multiple phone SIM cards” (91.2 Crooze FM, 29.03.2019).
Didn’t the new guidelines of August 2017 set the status clear of the ownership of the SIM-Cards, even if they have dozens of phones. The new guidelines from two years ago should have been proper and established the ownership. Especially, since all the SIM-Cards needs the NIN have to be registered now. Alas, that is apparently not the case.
How, bad can you do a job? Or how lazy are you, since you have to repeat it again? After reviewing and revising it, two years ago and tanking the Telecom Industry, because in the last go-around the state blocked the sale of the SIM-Cards. Therefore, expect something similar in this circus too. Expect it going back and fourth. Suddenly, the President will come with an final order combined with the Minister of ICT Frank Tumwebaze.
That is just how these things goes. The State House has to have a finale say, before the stamp of approval. Than, this saga might be close to end, before it returns to years later with a new modification. Peace.