Connect with us
  • POLITICS

    Bank Of Baroda Cuts MoF’s Funding Over Akena Chaos

    Published

    on

    By Otim Nape

    Shocking details have emerged explaining why Milton Obote Foundation AGM overwhelmingly voted to expel Jimmy Akena from the charitable Foundation’s membership. Grapevine news has reliably learnt that Akena’s hostile activities created ambiguity as to who the owner of Uganda House and other MOF properties is.
    This scared banks that had agreed to advance a loan of USD30m (over 90bn) to develop the vacant plot 8 Kampala road and renovate Uganda House itself to make it more attractive to tenants. MoF was planning to build a storied building to serve as public parking at a fee and hundreds of millions were projected to be collected annually and thereby repaying the loan. That same structure would have modern shopping malls, giant supermarkets and serious tenants had already committed to take up space under long term tenancy agreements. MoF had spent over a 1bn to engage professional consultants to do the feasibility studies, the architectural designs and negotiating the loans under the best repayment plans. The loan had been split by the consultants to be syndicated between three banks and financial institutions to avoid concentrating the risk on one back.

    The three banks:

    The three banks are Bank of Baroda which has mob history with MoF founders, East African Development Bank (EADB) and Shelter Afrique which is based in Nairobi Kenya and famously finances such large scale construction projects. When everything was ready only awaiting the signing of the funding agreements, Jimmy Akena acting as UPC President, called a press conference where he announced plans to take over Uganda House and MoF properties. Akena who was having direct phone access to M7 and Kayihura, said UPC and not anyone else owns Uganda House and said he had been mandated by the UPC national council to kick out MoF governors and administering MoF directly as UPC president.  Saying this was to implement national council resolutions, Akena’s supporters directed physical violence at MoF bosses, employees and tenants on Uganda House. The environment became very constraining for many biz firms operating on the building. Many of the tenants left the building and got a refund of their money because of the chaos Akena’s group created.  The accounts firm that had wholly occupied floor number 9 for many years was the first to leave yet it was the biggest tenant from whom MoF collected lump sum rent. The tycoons who had offered to rent space for shopping malls and super markets on the new renovated Uganda House pulled out saying it was not safe. Akena’s people also wrote to the three banks assuring them of readiness to frustrate their funding relationship with MoF.

    M7 Gov’t fails to grab Uganda H’se:

    MoF bosses weren’t as swift in countering Akena’s activities because he had police on his side which would come and beat up and disperse the local security guards MoF had put in place to protect tenants and their customers against being humiliated by Akena’s supporters operating under police protection. MoF bosses assured the three banks nobody would oust MoF from the properties because even government tried and failed. The banks were showed the consent judgment M7’s government entered in the 1990s when it tried and failed to grab Uganda House and other MoF properties. ‘If government failed who is Akena? He can’t do much beyond his hooliganism which is temporary’ MoF officials reportedly told the banks. But Akena’s backers in government started calling the banks directly threatening them with dire consequences if they didn’t’ pull out from funding development projects by Akena’s rivals in MoF. The banks were advised to wait and resume the funding discussions after Akena’s group succeeds in changing MoF leadership and put there governors friendly to him. MoF got everything in details-letters, audio recordings and video clips taken at the press conferences-and then initiated disciplinary proceedings to expel Akena. He was accused of conduct prejudicial to MoF objectives and plans and therefore not fit to be a MoF member anymore. The MoF can have a maximum of 50 members who constitute its AGM and these members can veto decisions of MoF Board of Trusts and Governors. The governors and trustees had tried to expel Jimmy at first but were blocked by AGM members who said he hadn’t been heard first. Meetings were called for Akena to defend himself but he would dodge them. He kept saying ‘I’m in Tanzania doing parliamentary business’ and after giving him many chances, MoF sat last week in the AGM and members voted to expel him. ‘It was harder to counter him when he is a member of MoF; he was encouraging others to be hostile to MoF plans but now that he is out, things are going to normalize’ said a source adding that forcefully putting UPC colors everywhere on the building inconvenienced many tenants and sealed Akena’s fate especially after he was written to and refused to remove his political posters.   In the final meeting, Miria Akena’s mother who is a governor in MoF put up a defense for her son but she was defeated by tyranny of numbers. She was supported by only Awula Mangeni and John Okumu in a meeting of more than 30 people. The trio said its true Akena had gone too far but should be reconciled with rather than expulsion. This was rejected by majority members because Akena had frustrated all reconciliation attempts and continued conducting himself in a way that scared investors and potential development partners for the Foundation. Akena, who is very broke and can’t even pay staff at UPC headquarters, has tried lawyers to challenge the MoF expulsion in courts of law but he has been advised he has a bad case given his past conducting of disrespecting court orders.

    Comments

    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    NATIONAL

    Ssegirinya Ready To Faceoff With Mufumbiro For Kawempe North Parliamentary Seat Come 2026 Elections…

    Published

    on

    NUP spokesperson Waiswa Mufumbiro (R) and MP Ssegirinya (L)

    Embattled Kawempe North legislator Muhammad Ssegirinya has confirmed to theGrapevine that come 2026 general elections, he is ready to fight for his Kawempe North parliamentary seat.

    Ssegirinya’s confirmation comes on the heels of a tip off to theGrapevine political desk from a National Unity Platform (NUP) insider claiming that their president Robert Kyagulanyi Ssentamu (Bobi Wine) is set to support his blue eyed boy who also doubles as the party deputy spokesperson Alex Waiswa Mufumbiro to oust Ssegirinya.

    Sources claim that Bobi Wine lost trust in Ssegirinya when he was briefed that their release from prison on murder and terrorism charges was as a result of a deal they sealed with President Yoweri Kaguta Museveni’s government.

    Ssegirinya and his co-accused Allan Ssewanyana, the Makindye West legislators took months after their release from prison without talking to Bobi Wine or other party leadership members until they publicly complained.

    However, Ssegirinya recently said that he has forgiven Mufumbiro who he had publically warned never to step next to his grave or his dead body.

    Ssegirinya was bitter after Mufumbiro attacked him while on treatment abroad that he was playing on people’s intelligence and feigning sickness.

    Upon landing at Entebbe airport, Ssegirinya said that he told his mother and his other family members and friends never to allow Mufumbiro to attend his burial since he was very sure, after getting assurance from his doctors in Netherlands that he is going to die before Mufumbiro.

    He noted that if 2026 reaches when he is still alive, he is going to contest for the Kawempe North parliamentary seat and will retire in 2031.

    Ssegirinya insists that no one can defeat him in Kawempe North.

    He boasted that within six months after swearing in as the area legislator, he had already fulfilled all the promises he made to do his electorate and now he is in bonus much as his plans were frustrated by his imprisonment.

    Ssegirinya’s enemies now claim that the only position Ssegirinya can contest for is councilor since they have information that he forged the Uganda Certificate of Education (UCE) and the Uganda Advance Certificate of Education (UACE) which he used in 2021, that is why he is still facing criminal charges.

    Other people interested in Ssegirinya’s parliamentary seat include; former area legislator Al-Hajji Latif Ssebaggala and Sulaiman Kidandala.

     

    By Grapevine Political Desk

    Comments

    Continue Reading

    NATIONAL

    Mafabi, Amuriat Survive Another Coup; Besigye Camp Accused Of Tempering With Files At The Electoral Commission To De-register FDC…

    Published

    on

    Dr. Kizza Besigye (L) with Nandala Mafabi (R)

    Last week, Forum for Democratic Change (FDC) leadership sitting at the party headquarters Najjanakumbi rushed to Justice Simon Mugenyi Byabakama’s Uganda Independent Electoral Commission Offices at Bugolobi a Kampala suburb to stop a clandestine process aimed at deregistering their party.

    Highly placed sources at Electoral Commission revealed to theGrapevine that among the FDC leaders who stormed the Electoral Commission Offices include; Nathan Nandala Mafabi, the party Secretary General and Yusuf Nsibambi, one of the founders of the FDC and a seasoned lawyer.

    At the Electoral Commission offices, Mafabi and team establish that the tip they had received about some strangers who were conniving with some Electoral Commission staff to temper with their file was very true.

    Sources claim that a number of essential documents including the file containing the list of newly elected leaders from the grass root was pulled out and was missing from the file.

    Sources said that Mafabi had to rush back to their Najjanankumbi office to get the new list of the leaders and put it back into the file.

    Last week, after being nominated to contest for the position of the party national vice president in charge of Buganda, Nsibambi told party members at Najjanankumbi that all efforts by Dr. Kizza Besigye’s Katonga faction to register their passed resolution at their illegal extra-delegates conference failed because they are not recognised by the Electoral Commission which is the supreme supervisor of all political parties in the country.

    He explained that it is only the Najjanankumbi faction that is recognised by the Electoral Commission because it has the party stamp.

    He guided that all people who wish to stand on FDC ticket in the coming 2026 general elections have to get recommendation from Najjanakumbi not Katonga.

    FDC insiders told theGrapevine that the reason why Dr. Besigye’s Katonga team were fighting hard to make sure that Birigwa’s extraordinary delegates conference is held was they wanted to get resolutions to deregister FDC in order to frustrate Mafabi’s faction.

    The move was kept secret and not publicly announced like other resolutions that were passed and announced by Kira Municipality legislator Ibrahim Ssemujju Nganda, the party spokesperson.

    Besigye faction held their delegates conference in the presence of the Court Order issued by the Civil Division of the High Court stopping it.

    Sources claim that the list of names pulled out of the FDC file at the Electoral Commission was set to be replaced with the names of people who attended Birigwa’s extra-ordinary delegates’ conference.

    The FDC Constitution allows that the party can be deregistered if a resolution is passed by the party’s top organ.

    This is what Besigye’s group wanted to successfully execute so that they make Mafabi’s coming delegates conference illegal.

    Nsibambi confirmed that the only delegates conference that is going to elect the new party leadership will be held on 6th October, 2023.

    However, Mubarak Munyagwa, the former Kawempe South legislator who is also Dr. Kizza Besigye’s diehard denied the allegations that the Electoral Commission declined to receive the resolutions made at Birigwa’s delegates conference insisting that there is no way their resolutions can be denied.

    He explained that their acting Secretary General, appointed at Birigwa’s meeting Harold Kaija will file their resolutions with the Electoral Commission before the end of this week.

    When contacted, Paul Bukenya the spokesperson of the Electoral Commission declined to comment on the matter. He advised FDC members to clean their house internally instead of using the Electoral Commission to fight their battles.

    Last week, Justice Byabakama pleaded with both parties fighting over FDC leadership to follow the country’s laws and laws that govern political parties.

    He explained that the Electoral Commission has not yet been officially informed about the ongoing wars apart from seeing correspondence from both parties on social media.

     

    By Sengooba Alirabaki

    Comments

    Continue Reading

    NEWS

    NUP Boss Declares Lukwago A Vampire: Is His Presidential Ambition Set To Cost Bobi Wine In Buganda, Muslim Community Come 2026!…

    Published

    on

    Makindye Division Mayor Ali Mulyanyama (R) and Lord Mayor Erias Lukwago (L)

    The Makindye Division Mayor Ali Kasirye Mulyanyama, a blue eyed boy to National Unity Platform (NUP) president Robert Kyagulanyi Ssentamu (Bobi Wine) has warned his party members to be very careful with Kampala Lord mayor Ssalongo Erias Lukwago who he branded a vampire.

    Mulyanyama branded Lukwago a war monger who cannot be at peace but finds pleasure in picking up fights with other people.

    It is at this point that Mulyanyama branded Lukwago a vampire who is always smelling for blood.

    He explained that Lukwago is using these wars to seek popularity from the gullible local people who think that he is fighting for them but in reality, he is looking for personal gains.

    Mulyanyama was commenting on the fresh verbal ongoing fight between Lukwano and Kampala State Minister Joseph Kabuye Kyafatogabye over road construction in the city.

    Kabuye accuses Lukwago of frustrating road construction in the city because he wants to achieve political gains.

    However, Lukwago insists that government officials like Kabuye are undermining the resolutions and proposals of the elected leaders in the city with the mission of placing them in bad light before their voters.

    Political commentator and also the senior presidential advisor on media Joseph Tamale Mirundi recently revealed that Lukwago is going to use his new position as the leader of Katonga Forum for Democratic Change (FDC) faction to achieve his 2026 presidential ambition.

    Mirundi claims that the four presidential candidates Dr. Kizza Besigye is going to make sure that Lukwago, who he mentored politically has plans to stand for presidency come 2026.

    He explained that Lukwago’s presidential candidature will cost Bobi Wine badly in his strong areas of Buganda and among the Muslim community.

    Mirundi added that Lukwago’s candidature is going to bring together the Muslim sects which include; that of Old Kampala led by mufti Sheikh Shaban Ramathan Mubajje, Kibuli faction led by Prince Dr. Kassim Nakibinge Kakungulu and the Tabliq sect led by Sheikh Muhammad Yunus Kamoga.

    “Bobi Wine is gone, the only person who can save him is Buganda King Ronald Muwenda Mutebi or Prince Nakibinge who have the power to convince Lukwago to drop his presidential ambitions otherwise Bobi Wine will bleed,”’ Mirundi said.

    Sources within Katonga camp revealed that very soon, they are going to unveil their political pressure group which is expected to be named ‘One Uganda One Dream’.

    The Katonga group want to use this pressure group as a political motor vehicle come 2026.

    Insiders in NUP that theGrapevine talked to during the course of investigating this story disclosed that Lukwago’s political calculation is to threaten that he is standing for presidency so that he catches the eye of Bobi Wine who will fear splitting the Buganda and Muslim community vote.

    “Lukwago has calculated that because of this fear, Bobi Wine will enter a deal with him which will involve ring fencing his Lord Mayor position so that NUP do not front a candidate in 2026,” the insider said.

    Sources disclosed that once Bobi Wine makes such a decision, Mulyanyama, Kawempe Division mayor Emmanuel Sserunjogi and Kampala city speaker Zahara Luyirika who are competing for the NUP ticket for Lord Mayor slot will be badly affected.

    Sources in the FDC told Grapevine that they are set to front former Makindye East legislator Ibrahim Kasozi.

    National Resistance Movement (NRM) is set to front Kampala Central Division mayor Salim Uhuru.

     

    By Sengooba Alirabaki

    Comments

    Continue Reading

    like us

    TRENDING

    theGrapevine is a subsidiary of Newco Publications Limited, a Ugandan multimedia group.
    We keep you posted on the latest from Uganda and the World. COPYRIGHT © 2022
    P.O Box 5511, Kampala - Uganda Tel: +256-752 227640 Email: info@thegrapevine.co.ug
    theGrapevine is licenced by Uganda Communications Commission (UCC)