Banks assess relationships with sanctioned Speaker, two ex-ministers

Local lenders are working tirelessly to assess the risks of their banking relationships with Speaker of Parliament Anita Among after she was sanctioned by the United Kingdom (UK) this past week.

Our sister publication, Monitor has established that the past workweek’s call logs from the banks captured a frantic scramble as they kept the Central Bank and Uganda Bankers Association officials on the line. Our sources have confirmed that the local lenders’ enquiries had almost a desperate edge to them as they sought clarity on whether they could continue operating the Speaker’s accounts, especially those denominated in foreign currencies……CONTINUE READING…..

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