Uganda: Banks Asked to Execute Strict Supervision

Posted to the web 29 August 2008 Martin Luther Oketch Bank of Uganda has asked commercial banks to exercise strict internal supervision in all their branches to combat fraud practices. Lately, there have been cases of fraud in commercial banks involving the bank staff and outsiders that have seen millions of shillings going in the hands of the fraudsters through forgeries of signatures or through other dubious... [read full story]