Mr. Sekabira




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Police has summoned Benedict Sekabira, the Director Financial Markets Development at Bank of Uganda and others for their role in the concealing of land titles  and later the seize of the land titles.

In a letter dated July 27, 2020, to the Governor Bank of Uganda, Criminal Investigations Directorate seeks permission from the governor to release Mr Sekabira so that he can be prosecuted. He was asked to appear on July 30. However we learnt that Mr. Sekabira didn’t  report to police on the slated date but Eagle Online has established that the governor has since released him from the bank.

“This  is to inform you that the Director public Prosecution  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” reads the letter to the governor.

It further adds “The Directorate has been investigating the above matter that arose from the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) with directive to the Inspector General of police t immediately upon adoption of 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”

The MPs on the Parliamentary committee on Commissions, Statutory Authorities and State Enterprises (COSASE) probing  banks then  tasked Mr Sekabira, who became a controversial figure during the probe on the closure of seven banks, to prove that he had been properly appointed liquidator of the banks.

The location of the inventory reports on the closed banks  became a source of controversy with Mr Sekabira who was the liquidator of the said banks indicating that he filed the said reports and submitted them to three former BoU officials including Justine Bagyenda, Margaret Matovu and Apollo Obo who were supposed to submit them to the governor.

sources say SIL Investments belong to Sekabira.