I was “strenuously” amazed how officials of Bank of Uganda and the Criminal Investigation Department of Police leapt to defend Centenary Rural Development Bank(CERUDEB) that it was still fully operational and not about to close as alleged by one of the local dailies. Personally, I had issues with a certain Bank over an account credit mishap which they have failed to rectify up to now. Local folks shouldn’t be blamed for hastily getting concerned by the development especially after formerly “unsinkable” banks like Uganda Co-operative Bank and Green land Bank abruptly summed up business without prior warning to clients.I think Mr. Moses Sakira’s admission that a few accounts under the bank were indeed under investigation over fraudulent transactions did more harm than good for the bank’s image(if any still existed)no matter how "noble" the exercise may be. Ugandans have become so sensitive when it comes to money matters especially in this era of gross corruption,fraud,shrewd micro-finance institutions and lately the credit crunch.Therefore, it’s due to this insecurity that those who can spare some “change” for saving are very careful where they keep it. No wonder a top government official can decide to keep Shs900m in his bedroom!
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