Oberthur Fiduciaire French money printing firm denies
Oberthur Fiduciaire French money printing firm denies

French printing money firm Oberthur Fiduciaire based in France has distanced itself from the existing Bank of Uganda money misconduct.

Oberthur Fiduciaire says they are not aware of the additional five (5) pallets that came along with Bank of Uganda money cargo.

Allen and Overy LLP, Oberthur Fiduciaire firm lawyers says the cargo plane that conveyed Bank of Uganda printed money is responsible for all this, because it failed to inform them that there was an extra cargo loaded on the plane.

According to media reports, CEO Business Magazine said that before the money was transported to Uganda, the money printing firm confirmed that it’s the exact money BoU ordered. But did not reveal the amount.

State Anti-corruption unit and police on Wednesday last week arrested eight (8) BoU officials in charge of currency, procurement and security including officials and Civil Aviation Authority (CAA) staff as regards the matter to aid investigations.

Addressing the media, Lt Col Edith Nakalema head State House Anticorruption Unit said the arrest followed a notice from BoU governor Emmanuel Tumisiime Mutebile indicating money heist.

Fred Enanga, police spokesperson in a media briefing this week said that they are carrying out investigations into the alleged printing of unauthorised currency by some senior BoU officials.

He says police raided six BoU officials homes whose names were withheld and recovered documents proposing extra money printing. And said the officials are now under detention as investigations continues.

The searches were done in the homes of the officials and a number of documents were recovered. With time, we shall get how much was involved, how much (money) has been recovered, what was guinuine (currency) and what was unofficial, but genuine money.

Enanga said

Nevertheless, it was not defined what really contained in the extra 5 pallets that was loaded on the cargo plane. According to reports the pallets contained unofficial extra cash.

In a media briefing at Uganda Media Centre, government spokesperson Ofwono Opondo on behalf of the Executive Director Uganda Media Centre renounced police statements regarding the investigations.

Opondo said government is not aware of the ongoing extra money-printing investigations at BoU.

I disagree with Fred Enanga’s statement.

He however, asked police spokesperson Fred Enanga to correct his statement regarding the matter.

We ask Uganda police to clarify on their statement about BoU officials in accordance to existing investigations. We believe the police made a mistake while addressing the media,.

Opondo said

According to Opondo, police did not arrest anyone and the extra 5 pallets contained blood testing equipment’s and government is carrying out investigations.