Nine Finance Ministry Officials Arrested in Central Bank Hacking Case
February 5, 2025 - 18:04
In a significant development, Uganda's police have taken nine officials from the finance ministry into custody as part of an ongoing investigation into a major hacking incident involving the central bank's electronic systems. This breach has reportedly led to the theft of 62 billion shillings, equivalent to approximately $16.87 million.
Among those detained is the senior-most official from the ministry's Treasury department, highlighting the gravity of the situation. The police and the finance ministry confirmed that several officers associated with the accountant general's office were summoned and subsequently detained by the Criminal Investigations Department.
This move underscores the government's commitment to addressing financial crimes and ensuring accountability within its ranks. The finance ministry has communicated updates regarding the investigation through its official channels, emphasizing the need for thorough inquiry to resolve the matter effectively. As the investigation unfolds, the implications for those involved and the broader financial system remain to be seen.
MORE NEWS
June 18, 2026 - 00:10
Chairman Kevin Warsh: Financial markets work less efficiently when they consider what Fed thinksFederal Reserve Chairman Kevin Warsh argued on Wednesday that financial markets become less efficient when traders and investors spend too much time guessing what the central bank will do next....
June 17, 2026 - 02:28
City Council rejects first reading of budget, amendment approved to finance Ajax Turner non-profitThe City Council held its second first reading of the Fiscal Year budget on Tuesday night, but the outcome mirrored the previous session. Despite cutting more than $697,000 in proposed spending,...
June 16, 2026 - 22:13
'El Jefe' speaks: forget about 2008, it's really more like 2004The most senior chief financial officer among New York-listed companies has a message for investors who are bracing for a repeat of the 2008 financial crisis: calm down. According to the executive,...
June 16, 2026 - 07:40
RBA interest rate decision live: Aussies 'forced into hibernation' brace for year of painThe Reserve Bank of Australia has announced its latest cash rate decision, keeping interest rates on hold at 4.35 percent. The move was widely expected by economists, but it offers little relief...