MinBane

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Archive for the tag “Lt. Gen. Yoweri Kaguta Museveni.”

Bank of Uganda Scandal: Printing lies and printing money!

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.

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Another day, another Bank of Uganda Scandal!

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.

BoU Scandal: Speaker Rebecca Kadaga letter to PAC-Cosase Chairman on “Re: Re-opening the Investigation into the Bank of Uganda Closure of Commercial Banks by the Committee on Commissions State Authorities and State Enterprises” (10.06.2019)

Update on Food Poisoning Investigations in Karamoja Region (27.05.2019)

The Second Summit of Leaders of the Inter Party Organization for Dialogue (IPOD) – Monday 20th May 2019 – Joint Communique (20.05.2019)

Uganda Peoples Congress: Press Statement (22.05.2019)

World Food Programme (WFP) halts distribution of super cereal while tests continue (03.05.2019)

As suspicion fell on Super Cereal as a possible cause or carrier of contamination, WFP acted swiftly, halting all distributions of the food first in Karamoja and then across Uganda.

ROME, Italy, May 3, 2019 – As a precautionary measure, the World Food Programme (WFP) has temporarily halted distribution worldwide of a fortified blended food from one of its suppliers as tests continue to establish whether it is linked to outbreaks of illness in East Africa.

According to medical centres and hospital records, three people died and 293 were admitted to health centres in the Karamoja region of Northeast Uganda in March and April after eating Super Cereal, distributed by WFP. The product is used by WFP and partners to prevent malnutrition, especially among women and children.

Preliminary investigations have failed to conclusively find what caused the illness. To date, more than 2,400 food-related laboratory tests were conducted – including for mycotoxins, heavy metals, pesticides and microbial contaminants – but the root cause of the problem has not yet been established.

As suspicion fell on Super Cereal as a possible cause or carrier of contamination, WFP acted swiftly, halting all distributions of the food first in Karamoja and then across Uganda. Communications campaigns were launched to urge any people in Karamoja with remaining stocks to return them. These campaigns included using radio messages, focus group discussions, community dialogues and public discussions with elders and community leaders.

On 9 April, WFP halted the distribution globally of all products from the supplier in question. This involved putting on hold Super Cereal stocks in WFP operations in 25 countries.

In a further precautionary move, on 30 April, WFP ordered all stocks of Super Cereal from the same supplier should be secured in WFP warehouses and storage areas belonging to partners. Samples from the stock will continue to be tested to confirm or rule out any of the preliminary conclusions.

This issue is unprecedented in its implications for WFP’s global supply chain as the food supplies on hold around the world amount to over 21,000 metric tons, with an estimated replacement value of US$22 million. WFP has taken extensive preventative action as the health and safety of the people we serve is our foremost concern.

Super Cereal is maize or wheat blended with soya beans, fortified with vitamins and minerals, processed into a flour and supplied in 25-kg bags and is a critical part of WFP’s efforts to prevent malnutrition and save lives.

Uganda: Judiciary Investigates journalists’ assault claims (29.04.2019)

Uganda Telecom Limited (UTL): New owner, clearly disconnected

Since March 2017, the Uganda Telecom Limited (UTL) have been struggling, it started even before then, but at that time. The state started to intervene, by the next month in April 2017. The state had already put the company under provincial ownership. Meaning, that the state took it over and has tried to find new ownership of this company. Something it hasn’t succeeded in. This all happened because of the Libyan crisis in 2011 and the frozen accounts of Libya Post Telecommunications & IT Company (LPTIC), which had a majority ownership in the UTL until that point. However, they didn’t get all out before March 2017. Even as there was a set-up a new board in the Company in fall of 2016. Even, with all of this, the UTL continues to live, but by mere state injections and not because it is viable for business.

Even after a year in May 2018, the Cabinet announced that they were looking for new owners, alas, meaning that the state wouldn’t have the major stake in the company. Why I am saying all this? Well, the news this week that Minister Evelyn Anite and government sources states this:

The source added that the government had created incentives to make the company more attractive. They include managing the backbone, wiping all the liabilities off the balance sheet, and that the government would take responsibility for the pension liability of more than Shs 30 billion to former UTL employees. Other liabilities that the government would take care of include the regulator’s fees and taxes. “All these wipe off the balance sheet and handed it [UTL] to you, clearly you can start from a clean slate.” the source said” (URN – ‘Gov’t offers to pay Shs 500bn UTL liabilities’ 20.04.2019, link: https://observer.ug/news/headlines/60467-gov-t-offers-to-pay-shs-500bn-utl-liabilities).

With this in mind, the state would clean the slate of the company, an embattled one who is fighting in a competitive market. Where it is directly competing against the mighty MTN and Airtel. Therefore, the UTL needs an decent upgrade, as it has been in a stalemate for years now. Where the lack of investment in the company and the debt it have already.

We can clearly see that the company is not so viable. The lack of interest and value is shown as the President even needed to direct the state ministries to use the UTL Internet Services and mobile phone services by a letter in January 2018. That is why, a year after that, the government sources are trying to connect it even more and juice it up. Even if it has little to offer.

The UTL doesn’t look solid or offering something of strong value for a buyer. As it has a strong competition and they are on point when concerning the telecom infrastructure, which the UTL haven’t the ability to afford to do or invest in. Therefore, the next owner has to pick up, where the Libyan owners left off. Since, the state haven’t done anything else, than keeping it alive. Peace.

Not Breaking News: The Supreme Court Validated the Age Limit Amendment today!

If you ever thought the Supreme Court would allow the appeal on the Age Limit or the abolishment of the Article 102(b) your wrong. The 1995 Constitution is a document that is to change, as the President see fit or as he is in need.

The ones that believed that the Supreme Court would dismiss it. The result 4 Judges to dismiss versus 3 to appeal. Seems more like trying to make it balanced, than it really is. Because, the judges could have just made it 7 to dismiss or even 6, maybe even 5. Since, the result is practically the same. Close, but no cigar.

There are nothing that is changed, only that all legal remedy before the General Election 2021 is gone. The road for the sole candidate of the National Resistance Movement. Nothing will stop him, yet again. Like it is child’s play, which it is. Because, everyone around him plays to his tune. The ones who doesn’t end behind bars for silly reasons like Besigye. That is just life in the republic.

Again, and again, all the remedy, all the legal and Parliamentary steps is taken to secure the Self-Styled dictatorship of the President. In the vision and way of Museveni. If you think it is brilliant. It is not, it is just misuse of state institutions and ensuring one man get everything.

This isn’t validating a constitution or rule of law. This is validating the Presidency and his cronies. There is nothing noble or justification of it. Except keeping the status quo and the misuse of the power, which the NRM and the ones around the President already does.

If you think the verdict of 18th April 2019 is splendid and worth celebrating. Than celebrate the arrests of opposition members, the assaults on civil society organizations, political rallies ambushed, concerts blocked, journalists silenced, radios losing their licenses and everything else that is used to stop the opposition from organizing. It will only get worse, before it gets better.

For one reason, there is less and less reasons for Museveni to play around. He has everything and all laws is in hands. All the security organizations is following his memos and the Parliament is doing as directed. There is no one questioning or stopping him from doing what he says. Even if it failure and foolish.

Don’t anticipate this verdict to make things better. It won’t, it will just give the President all the reasons to continue his run. To continue his persistence of stealing, dealing and killing everyone else seeking office. Ensuring overpower and control. Giving no way. Just being him. There is no other way to look at it.

This is again, giving all the powers to the same man, that has run the republic since 26th January 1986. We could joke, may even say Bosco is out of his mind. But he isn’t, his just using the Supreme Court, like he has used everything else for 3 decades.

He just got the final nudge, the final nail in the coffin. He has abolished the term limits, now he officiated the destruction of the age limit. Who knows what is next, but this man will do whatever it takes to be in power. To think otherwise, is a lie or you haven’t gotten the whole picture. If not you are naive and thinks this is a good. Which is not.

This is validating the corruption, the arrest of democracy and also the ability of others to compete. As it is yet another fixture ready for the victory of Team Museveni. Peace.

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