Comments on: Bad Deals Banks Do: Disbelief as World War Veterans’ UGX50Bn Compensation Vanish from Centenary Bank, Triggering Allegations of Gross Sleaze https://theinvestigatornews.com/2024/05/bad-deals-banks-do-disbelief-as-world-war-veterans-ugx50m-compensation-vanish-from-centenary-bank-triggering-allegations-of-gross-sleaze/#utm_source=rss&utm_medium=rss&utm_campaign=bad-deals-banks-do-disbelief-as-world-war-veterans-ugx50m-compensation-vanish-from-centenary-bank-triggering-allegations-of-gross-sleaze More than Just News Fri, 03 May 2024 14:25:55 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Micheal Bulyerali https://theinvestigatornews.com/2024/05/bad-deals-banks-do-disbelief-as-world-war-veterans-ugx50m-compensation-vanish-from-centenary-bank-triggering-allegations-of-gross-sleaze/#comment-333 Fri, 03 May 2024 14:25:55 +0000 https://theinvestigatornews.com/?p=7268#comment-333 STATEMENT ON WORLD WAR VETERAN FUNDS COMPENSATION

Centenary Bank has noted with concern a caption by an online news channel regarding World War Veterans’ compensation funds amounting to Ugx 50 billion allegedly received by Centenary Bank for payment to beneficiaries.

We take this opportunity to clarify that an account was opened with us in anticipation of the funds to come and all mandates were duly regularized. However, we regret to inform you that no money has ever been received on this account to date.

Please note that all bank operations are through records with audit trails of funds movements which are available for review by anybody interested in verifying funds movements.

The Bank is in touch with the concerned parties and continues to engage all stakeholders on this issue.
For any clarification that may be required, we encourage customers with any concerns to report to any of our branches or call our toll-free helplines 0800200 555 / 0800335344, or email us via [email protected]

Management

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