Fred Enanga the Police spokesperson, said security teams had gone to arrest Kirevu after getting information that he was recruiting people to join the Allied Democratic Forces-ADF, a rebel movement based in the Democratic Republic of Congo which has been accused of being behind the recent spate of bombings in Kampala.
The 5 million limit and the limit on the normal mobile money transactions of up to 7 million per day is one way of ensuring that the financial industry is not abused for money laundering and other crimes like financing of terrorism.
MTN says, the IPO has attracted at least 60,000 new investors who have opened a Securities Central Depository (SCD) account, which is more than double the number of accounts at the Uganda Securities Exchange, before the IPO.
