State House Anti-Corruption Unit has stormed Post Bank, holding several senior officials as part of a wider investigation into “abuse of office.”
Details of the alleged crimes remain unclear.
The presidency said in a statement on Saturday the investigation of the non-bank credit institution was being conducted with other investigative bodies.
“On Friday 5th April 2019, following credible information, the State House Anti-Corruption Unit acting under Article 99 (4) of the Constitution of Uganda, in liaison with the Criminal Investigation Directorate acting under Article 120 (3) (a) and the Office of the Auditor General acting under Article 163 (3), carried out a special investigation on Post Bank Uganda,” said Lt Col Edith Nakalema who heads the anti-corruption unit.
Post Bank’s activities are supervised by the Bank of Uganda
Nakalema said the “matter under investigation is for abuse of office and a number of senior bank personnel are under investigation.”
She, however, assured that Bank operations “remain uninterrupted.”
In 2016, Bank of Uganda took over Crane Bank, discovering unprecedented level of fraud, insider lending, falsification of information and fraud.
Nakalema today said the investigation in Post Bank is “being carried out in consultation with Bank of Uganda and Ministry of Finance, Planning and Economic Development.”
Nakalema’s team has in recent months arrested and caused the prosecution of government officials involved in corruption and abuse of office across the country.