Following the closure of Dunamiscoins ltd and the remand of its directors to Luzira Prisons, depositors in W. Nile ran to court and secured orders to freeze its business accounts in Centenary Bank with UGX 10 Billion and Stanbic Bank with UGX 300 million without success.
A number of activities in the district have been suspended due to challenges of the system. Among the activities that have been suspended in the district include maintenance of a 261 km road network in the financial year 2019/2020 due to poor coding to access UGX 320 million from the Uganda Road Fund URF.
Proscovia Nabbanja, the CEO of UNOC told reporters in Kampala on Wednesday that the money will be needed in a phased manner in five years. This means each year, the company should be receiving at least $168m (UGX 618bn).