Ugandan police have arrested at least nine officials from the Ministry of Finance over the disappearance of 60 billion shillings ($16 million) from the central bank. Authorities say the funds were mistakenly sent to an unintended recipient, sparking a high-profile investigation into possible fraud and negligence.
The arrests come as part of a broader probe into financial mismanagement, with law enforcement vowing to recover the missing money and hold those responsible accountable. Sources indicate more officials could be implicated as investigators dig deeper into the suspicious transaction.
This scandal has sent shockwaves through Uganda’s financial sector, raising concerns about internal controls and transparency within government institutions. The Finance Ministry has yet to issue an official statement, but pressure is mounting for swift action to restore public confidence.
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