A senior Bank of Uganda (BoU) official with a penchant for investing in the real estate sector has reportedly bought two multi-million flats in the leafy Bugolobi suburb.
According to sources, the said top official has a number of houses spread across the city, in posh areas like Mbuya and Ntinda.
Further, the sources said the BoU official carried out the transaction by proxy, reportedly through the son’s account held with a city bank that recently expanded its portfolio by acquiring another bank.
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After the initial bank transaction, the money was then wired to an account of a wealthy city lawyer, who also has interest in the real estate sector, to buy the flats.