BoU unfreezes ActionAid accounts 

Featured

Bank of Uganda has finally unfrozen the accounts of ActionAid Uganda after nearly three months of closure.

"The leadership of ActionAid Uganda is pleased to inform its partners, supporters, and staff that our quest to have our bank accounts unfrozen has been achieved following constructive discussions with some agencies of government," read a statement from ActionAid Uganda issued on Saturday evening.

Despite this, ActionAid Uganda says it will continue with its suit before court challenging the seizure of their accounts.

"We will however continue to seek restitution within the law, as we are entitled, in order to meet our own obligations to members, donors, and communities we serve. As we have stated before there was no justifiable basis for the action taken against ActionAid when the police raided our office and confiscated property on 20th September 2017 and the subsequent order to freeze our Bank Accounts on 6th of October 2017," read the statement in part.

The BoU deputy governor,  Dr Louis Kasakende wrote to the Standard Chartered bank Managing Director on October 3rd explaining that the Criminal Investigation Directorate (CID) of the police was investigating ActionAid International Uganda for alleged conspiracy to commit a felony and money laundering.

He directed the bank to freeze the bank accounts Pursuant to section 110 of the Financial Institutions Act, 2004.

"The accounts in question shall remain frozen until otherwise advised by Bank of Uganda," read part of Kasekende's letter.

At the time, Arthur Larok, the country director, ActionAid Uganda described the move as unfortunate and erroneous.

Police raided the ActionAid Uganda offices based in Kasanga in Kampala on September 21 and declared them a crime scene before conducting a search.

The officers impounded computers, mobile phone handsets of staff and important documents as part of their investigations.

Police conducted similar raids on the offices of Great Lakes Initiative for Strategic Studies (GLISS) and Uhuru Institute.

 The police raids came at the height of protests against plans by the ruling NRM party to repeal Article 102(b) of the constitution to scrap the presidential age limit. Parliament last week endorsed the age-limit bill.

Police accused the organisations of funding illegal activities with the aim of destabilising government.

Despite the challenges, ActionAid cooperated fully with the police and complied with its obligations to the Financial Intelligence Authority under the Anti-money Laundering Act.

"We encourage other organisations who find themselves in similar situations to do the same because through it we have proved that no wrong doing occurred in the first place," ActionAid said.

Reader's Comments

LATEST STORIES

Over 150 killed as heavy rain pounds Tanzania
tanzania By Nile Post Editor
3 hours ago
Over 150 killed as heavy rain pounds Tanzania
We want stadiums, ownership doesn’t matter – Museveni
top-stories By Nile Post Editor
4 hours ago
We want stadiums, ownership doesn’t matter – Museveni
Learners bear the brunt of floods in Kyotera
top-stories By Zainab Namusaazi Ssengendo
4 hours ago
Learners bear the brunt of floods in Kyotera