startquestionstalksour storystories
tagspreviousget in touchlatest

Nine Finance Ministry Officials Arrested in Central Bank Hacking Case

February 5, 2025 - 18:04

Nine Finance Ministry Officials Arrested in Central Bank Hacking Case

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

Climate Finance Has Failed Africa Twice Over. Here’s How To Fix It.

March 19, 2026 - 04:45

Climate Finance Has Failed Africa Twice Over. Here’s How To Fix It.

The global system designed to fund climate action is failing Africa profoundly and on two critical fronts. Not only is the continent receiving a minuscule fraction of the necessary financing to...

Fed meeting live updates: Federal Reserve holds rates steady, forecasts 1 rate cut in 2026

March 18, 2026 - 21:44

Fed meeting live updates: Federal Reserve holds rates steady, forecasts 1 rate cut in 2026

In a widely anticipated move, the Federal Reserve concluded its June policy meeting by holding its benchmark interest rate steady at a 23-year high. The decision underscores the central bank`s...

New Rules Reshape the Home Equity Line of Credit Landscape

March 18, 2026 - 00:00

New Rules Reshape the Home Equity Line of Credit Landscape

The familiar flexibility of the Home Equity Line of Credit (HELOC) is undergoing a significant shift. Driven largely by nonbank lenders entering the market, new requirements are emerging that could...

Close Brothers plunges as short seller claims it understated car finance risks

March 17, 2026 - 04:47

Close Brothers plunges as short seller claims it understated car finance risks

Shares in Close Brothers Group suffered a dramatic fall, dropping as much as 14% in a single trading session. The sharp decline was triggered by a report from short-selling firm Viceroy Research,...

read all news
startquestionstalksour storystories

Copyright © 2026 PayTaxo.com

Founded by: Yasmin McGee

tagseditor's choicepreviousget in touchlatest
your datacookie settingsuser agreement