BOU COMMUNICATIONS DIRECTORS LIKELY TO BE FIRED OVER CURRENCY NOTE SAGA

By our reporter

www.mknewslink.com

In Kampala

As Bank of Uganda continues to grapple with currency note saga, the latest reports gathered by www.mknewslink.com  indicate that its communications directors are being accused of failing to rapidly and effectively manage the crisis that has left the Central Bank exposed.

In the recent past Bank of Uganda (BoU) has been embroiled in several scandals which compelled the public to question the current leadership’s ability to foster price and macro-economic stability and a sound financial system.

This came after money printing scandal broke out in which several officials were probed while others charged and remanded to Luzira Prison.

Mid last month, online media outlets broke a story in which a plane chartered by Bank of Uganda to transport printed currency had extra five pallets of cargo to which up to date no Ugandan knows what was in contained in the cargo.

Police and State House constituted investigations which have left three officials imprisoned.

The public highly anticipates that the pallets contained printed cash which was confirmed by police while other government authorities denied.

Against the background of this saga which received massive media coverage, two directors of communication could lose their jobs over what top administrators refer to as “failing and sleeping on the job.”

www.mknewslink.com  has learnt that BoU director of communications, Ms. Charity Mugumya received threats from her bosses that she has not done “enough” in managing the crisis and subsequently she could lose her job.

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