Bank of Uganda Clarifies: "Our systems are uncompromised and secure.

[@sempungujovan1397]

Thanks for the clarification to the country

[@Marty..4]

That is state of nation .. how come until now we don't have a fully authorized. bank governor...signs of failed state

[@julietnalumansi7617]

I'm not surprised by that "mistake". This is my motherland Uganda. Just brace yourselves for more of these.

[@spallanofficial]

This should be circulated widely

[@bskawologomainvestmentsult9722]

Anyway thanks for the clarification and we hope that it's your first time to send money on wrong accounts

[@benardonyango3788]

This response appears complacent. How can payments be authorized to the wrong account? Payments intended for the World Bank and ADF ending up in entirely different account names raises serious concerns about the security of your systems. The fact that payment instructions are received and processed without proper verification and pre-authorization highlights significant vulnerabilities. Additionally, it's important to recognize that IT systems encompass more than just technology; the human component plays a crucial role. Addressing this issue requires strengthening both technical safeguards and human processes to ensure accountability and prevent such errors in the future.

[@Makumbi]

How were the payments authorised? How many levels of authorisation? Is BoU merely hosting the system or are you active participants in transactions?

[@isaacbabalanda5844]

😢😢😢

[@jabig1]

Who authorized those transfers?? I thought big money has many signatories that authorize such transactions??

[@conniekabasharira7084]

How do you send money onto a "wrong" account with a different name and different account number from the one that you intend to and you call that a mistake? That was itentional

[@Kaana_ka_Yesu]

It's the Ministry of Finance that is responsible. It provided wrong accounts and went ahead to authorise BoU to execute the payments.

[@ReynoldsJer]

​@@Kaana_ka_Yesuweak excuse tbh, you mean to say they don't go through verification processes? Was that the first installment BOU has made in regards to the said tnx? I'm not saying it's not possible, but it raises many qtns

[@Makumbi]

​@@Kaana_ka_Yesuis bou just the host of the system? Or an actual participant in the transaction?

[@Kaana_ka_Yesu]

@@ReynoldsJer definitely, it leaves behind alot of questions!!!

[@Kaana_ka_Yesu]

@@Makumbi they execute on behalf. Just like you go to your bank and instruct it to pay someone on your behalf. So such an error can happen that you provide and even confirm a wrong account.

[@meyanyusuf312]

Statements don’t add up, how do pay to wrong people? How do u do verification, authentication in this modern Tech Ela

[@ВаскоДжо]

Temukirizibwa tusinikirakko enbyo

[@Makumbi]

Fraud is the CORRECT word. Also go further to state that you do not authorise or participate in such transactions.

[@RichardOkee]

If the systems are uncompromised then it means that the bank workers were highly involved in the disappearance of the funds. FRAUDULENT MISREPRESENTATION

[@ZephanOluse]

Ts hard to trust us....even in the name of Jesus and the truth

[@annetlugoloobinabasirye5557]

I c stressed men trying to explain lies. The spirit is saying no but the body vomits otherwise

[@jimmykats7615]

With due Respect Governor, Do you expect Japan to co-operate with you when in the early 90's one of the current tycoons in uganda swindled money from carterpillar company in Japan and Uganda refused to co-operate in recouping the money back to Japan and also hand him over to the Japan's authority and interpol? It's your turn now

[@NasaArnold]

Soooo... social engineering scam?

[@amaradavid001]

Ok

[@kasozimatovu5810]

But cant you get ashamed to cover up that day light robbery by bank of uganda staff

[@DeltaWisk]

SOLID!!

[@stranger-y5n]

U all hea are sleeping ugandan atms are giving fake notes😂😂