WIKE TAKING LOANS FOR FCT WITHOUT NATIONAL ASSEMBLY APPROVAL – KINGIBE ALLEGES. (PHOTO).

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Wike taking loans for FCT without National Assembly approval – Kingibe alleges The senator representing the Federal Capital Territory, FCT, Ireti Kingibe, has alleged that the FCT Minister, Nyesom Wike, has been taking loans for the nation’s capital without the approval of the National Assembly. Kingibe made the allegation on Tuesday during an interview. She was discussing the FCT administration, the Abuja master plan and the oversight responsibilities of the National Assembly. According to her, records from the Debt Management Office, DMO, indicated that loans had been taken for the FCT between August 2023 and March 2026, despite Wike not appearing before the Senate to seek approval for such borrowing. “I am definitely saying Wike has been taking loans without the approval of the National Assembly. “I’m sorry to say, with all due respect to the Senate, of which I’m a member, we’re supposed to oversee him. “We’re supposed to approve, and I have brought to the attention of the leadershi...
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UGANDA DETAINS OFFICIALS OVER $17M STOLEN IN CENTRAL BANK HACK. (PHOTO).

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 Uganda detains officials over $17m stolen in central bank hack


Uganda's police have detained nine finance ministry officials as part of an investigation into accusations of hacking the central bank's electronic systems that resulted in theft of 62 billion shillings ($16.87 million), the ministry and police said.


In November last year, State Minister for Finance Henry Musasizi confirmed reports in local media that the central bank's accounts had been hacked and money stolen.


Those detained include the senior most official of the ministry's Treasury department, the police and the finance ministry said, Reuters reported.


Some officers attached to the accountant general's office at the ministry "were summoned and detained by the Criminal Investigations Department to facilitate conclusion of the investigations," the finance ministry said in a post on its X account late on Tuesday.


The ministry did not give the names of those detained or their number.


Police spokesperson Kituuma Rusoke, however, told NTV television that nine officials had been detained and also read out their names that included the top Treasury official.


The official and the eight others arrested were not immediately reachable to comment.


State-owned New Vision newspaper had reported that hackers, identifying themselves as "Waste", accessed the Bank of Uganda's IT systems and illicitly transferred the funds.

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