“As police, we responded to information as soon as we received it regarding the mob action. Upon arrival at the scene, Sidney was found critically injured but still alive. He was rushed to Mulago Hospital for medical attention, where he succumbed to his injuries,” Rusoke said.
The faction further alleged that ordinary members were subjected to inflated nomination fees while incumbent leaders paid nothing, and that a party printer purchased for more than UGX 250 million ahead of the 2016 elections has disappeared without explanation or accountability from auditors.
Fraud threatens the continuity of financial institutions, could lead to the loss of their capital, and undermines the integration of the financial system.
The gold will be bought by the local mining companies and refined to a minimum of 99.5% purity levels before being turned into administrative monetary gold.
“All creditors are requested to submit their claims to the office of the Director, Financial Stability, and Bank of Uganda within 30 days from the date the statement was issued, and any person possessing property of Mercantile Credit Bank Limited should deliver it to the director, Finance and Stability, Bank of Uganda.”