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Closed Banks Case: Police Summons BoU’s Sekabira, Others over Concealing, Seizing Title Deeds

The Criminal Investigations Directorate (CID) of police has summoned Benedict Sekabira, the Director Financial Markets Development at Bank of Uganda and others for concealing and seizing titles deeds in the closed bank case.

Sekabira is charged with fraud and concealing title deeds under the file CID/C40/207/ FRAUD.

In a letter dated July 27, 2020, to the Governor Bank of Uganda, the Criminal Investigations Directorate asks for permission from the governor to release Mr. Sekabira from duty so that he can report at the headquarters of CID and thereafter appear in Court to plead on the charges against him.

“This is to inform you that the Director public Prosecution has sanctioned the matter for the suspect to appear in Court and the purpose of this communication is to request you release Mr. Benedict Sekabira to report at CID headquarters on July 30, 2020, such that he can be produced in court for the charges of concealing titles deeds under sections 278 of the penal code” the letter reads in part.

The statement further indicates that the Directorate has been investigating the above matter which arose from the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) report.

“COSASE issued a directive to the Inspector General of police to immediately upon adoption of the Special Audit Report on defunct banks; seize all the land titles in possession of JN Kirkland and Associates and MS SIL Investment arising from the loan portfolio sold to Ms Nile River Acquisition Company by bank of Uganda,” reads the statement.

Sekabira’s summon follows the COSASE decision to single him out together with  Justin Bagyenda, a one Apollo Obbo and Margaret Matovu to inquire about the closure of seven banks,  and requesting to prove that he had been properly appointed the liquidator of the banks.

Among the banks that were closed by Bank of Uganda but are under probe are; International Credit Bank Limited, Greenland Bank and Uganda Cooperative bank, Teefe Trust bank, National Bank of Commerce, Global Trust bank and Crane bank.

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