• Latest

FDC Cautions On Legality Of Ugandan Shilling Banknotes Bearing Atingi-Ego’s Signature

March 20, 2023
Sheema University Students’ Association to Host Hand Over and Freshers’ Welcoming Party

Sheema University Students’ Association to Host Hand Over and Freshers’ Welcoming Party

July 26, 2025

“Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life

July 25, 2025
VINAStech Advert

Muntu Nominated as ANT Presidential Flag Bearer for 2026 Elections

July 25, 2025
Chief Justice Breaks Ground for Regional Court of Appeal in Mbarara

Chief Justice Breaks Ground for Regional Court of Appeal in Mbarara

July 25, 2025

UK Court orders Sudhir to hand over his phone for expert scrutiny

July 25, 2025
Gulu City Oktoberfest 2025 Cultural Tourism Event to Attract over 100,000 Visitors

Gulu City Oktoberfest 2025 Cultural Tourism Event to Attract over 100,000 Visitors

July 25, 2025
Elderly Woman Survives River Fall

No Ambulance, No Doctor – Just Tradition: How Ntegyerize Survived Drowning After a River Fall

July 25, 2025
KIU Student Found Dead in Suspected Suicide

Bushenyi Woman Found Dead in Suspected Suicide by Hanging

July 25, 2025

State Sanctions RDC Over Partisan Allegiances

July 24, 2025
Tragedy in Kitgum: School Cook Murdered in Brutal Attack

Tragedy in Kitgum: School Cook Murdered in Brutal Attack

July 24, 2025

Government Must Invest in Local Youth Climate Led solutions

July 23, 2025

As Elections Continue, Women And Youth Are Facing Violence – This Must Stop

July 23, 2025
  • About Us
  • Internship
  • Contact Us
Saturday, July 26, 2025
Parrots Media
No Result
View All Result
  • Login
  • News
    Sheema University Students’ Association to Host Hand Over and Freshers’ Welcoming Party

    Sheema University Students’ Association to Host Hand Over and Freshers’ Welcoming Party

    Gulu City Oktoberfest 2025 Cultural Tourism Event to Attract over 100,000 Visitors

    Gulu City Oktoberfest 2025 Cultural Tourism Event to Attract over 100,000 Visitors

    State Sanctions RDC Over Partisan Allegiances

    As Elections Continue, Women And Youth Are Facing Violence – This Must Stop

    UPC Disqualifies Aspirant from Party Presidential Race Over Misleading Claims

    UPC President Takes Charge Amidst Party Turmoil

    Watoto Church Land Case in Legal Limbo for Over a Decade

    Court Orders Dr Njuki to Prove Citizenship in Watoto Land Dispute

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
  • News
    Sheema University Students’ Association to Host Hand Over and Freshers’ Welcoming Party

    Sheema University Students’ Association to Host Hand Over and Freshers’ Welcoming Party

    Gulu City Oktoberfest 2025 Cultural Tourism Event to Attract over 100,000 Visitors

    Gulu City Oktoberfest 2025 Cultural Tourism Event to Attract over 100,000 Visitors

    State Sanctions RDC Over Partisan Allegiances

    As Elections Continue, Women And Youth Are Facing Violence – This Must Stop

    UPC Disqualifies Aspirant from Party Presidential Race Over Misleading Claims

    UPC President Takes Charge Amidst Party Turmoil

    Watoto Church Land Case in Legal Limbo for Over a Decade

    Court Orders Dr Njuki to Prove Citizenship in Watoto Land Dispute

    Trending Tags

  • Climate Change
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Business
  • Others
    • Education
    • Lifestyle
    • Religion
    • Opinions
No Result
View All Result
Parrots Media
No Result
View All Result
Home RELIGION

FDC Cautions On Legality Of Ugandan Shilling Banknotes Bearing Atingi-Ego’s Signature

Gilbert Akampa Kakurugu by Gilbert Akampa Kakurugu
March 20, 2023
in RELIGION
0

Bundles of Bank of Uganda shillings 10,000 Currency Notes

0
SHARES
0
VIEWS
Share on FacebookShare on X

By Leonard Kamugisha Akida,
NATIONAL
Forum for Democratic Change (FDC) has warned about the possible legal risks in using the signature of the deputy governor of the Bank of Uganda, Micheal Atingi-Ego on Ugandan currency notes.

The warnings follow recent statement by the BoU inwhich it indicated that the new Uganda shillings banknotes (issue year 2022) bear the signature of the deputy governor not the governor as required by the law.

READ ALSO

Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone

Police Urge Vigilance Amid Ongoing Terror Threats

“The public is hereby advised that BoU has issued into circulation banknotes, in the various denominations, that bear the signature of the Deputy Governor Mr. Michael Atingi-Ego and the year of print-2022,” BoU said in a statement.

Speaking to journalists at their party headquarters on Monday, John Kikonyogo, the party deputy spokesperson said it is unconstitutional for the deputy governor to sign on the currency because the legal tender of the currency notes must be signed by a substantive governor.

“Article 151(2,3,4) of the constitution of Uganda grants that the authority of the Bank of Uganda shall be vested in a board chaired by the governor, deputy governor and not more than five members. It is also clearly stated therein that the Board shall be incomplete where the governor is in absentia, I don’t know where does Atingi-Ego get the powers to sign on our money without the authority of the board,” Kikonyogo said

The Bank of Uganda Act, provides that Uganda Shilling banknotes issued by BoU shall bear the signatures of the Governor and the Bank Secretary.

The Bank however says that in the absence of the Governor, the Deputy Governor may sign in his or her place. In a March 13, 2023 statement, BoU said that the banknotes bearing the late governor’s signature (Prof. Emmanuel Tumusiime Mutebile) are associated with the earlier years of print which neither affects its status not the legal status of the newly issued currency notes.

Bank of Uganda Deputy Governor, Dr. Micheal Atingi-Ego speaking as the Chief Guest at the Stanbic Bank Economic Forum in February

Citing out the case of former deputy IGG Raphael Baku inwhich he was sued to court for signing various documents on behalf of his Boss and the decisions were annulled by the constitutional court, Kikonyogo questioned the legality of the Ugandan currency notes bearing the signature of Atingi-Ego.

ADVERTISEMENT

“We don’t want to reach a stage as Uganda where billions of money has gone into circulation as legal tender and a concerned Ugandan takes the deputy governor to court that he had no authority to sign onbehalf of the governor,” he cautioned.

Besides the legal risks, FDC has tasked the government to give explanations on the delays of appointment of the Governor Bank of Uganda. They say absence of the governor affects the economy of Uganda.

Tags: Atingi-Ego SignatureBOUConstitutional CourtDeputy IGGEmmanuel T MutebileJohn KikonyogoLegal RisksLegal TenderMicheal Atingi-EgoRaphael Baku

Related Posts

Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone
News

Victoria University Backs Pastor Bugembe’s 20-Year Gospel Music Milestone

July 16, 2025
Police Urge Vigilance Amid Ongoing Terror Threats
Religion

Police Urge Vigilance Amid Ongoing Terror Threats

June 6, 2025
Journalists blocked from Martyrs Day Venue
Religion

Journalists blocked from Martyrs Day Venue

June 3, 2025
News

Malawian, Tanzanian Students Jet In for Uganda Martyrs Essay Awards

June 2, 2025
RELIGION

UPC Urges Reflection and Reform Ahead of Uganda Martyrs Day

May 28, 2025
News

Kasujja Warns Against Secularism as UMU Trains Chaplains to Tackle Youth Crisis

May 26, 2025
Next Post
One Dead After Jaguar Bus Crashed Into Ntungamo Hospital

One Dead After Jaguar Bus Crashed Into Ntungamo Hospital

POPULAR NEWS

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

Catholic Priest Speaks Out Against Museveni and Son’s Leadership

February 16, 2025

Former IGP Okoth Ogola Dies

February 14, 2025

A Love Beyond Distance: A review of Leonard Kamugisha Akida’s poetic tribute on valentine’s day

February 14, 2025

Besigye Sends Easter Message from Luzira Prison as Archbishop Kazimba Urges for Release of Political Prisoners

April 18, 2025
Brutality at KIU: Students Assaulted by Officials at Examination Hall

KIU Loses Bid to Block Payment of Shillings 46.8 Billion to Housing Finance Bank

March 12, 2025

EDITOR'S PICK

Witness discloses how Prime Minister Netanyahu silenced media with lucrative befits from covering his corruption evils

November 22, 2021

Two Amolatar District Councillors jailed

November 26, 2021

FDC EC secretary, Augustine Ojobile arrested

August 10, 2021
Ankole LMNS Sounds Alarm on Postpartum Hemorrhage (PPH) Awareness

Ankole LMNS Sounds Alarm on Postpartum Hemorrhage (PPH) Awareness

August 21, 2024
VINAStech advert VINAStech advert VINAStech advert
ADVERTISEMENT

About

Parrots Media

A Public Relations and Media Services Company registered and licensed to operate in Uganda and the Great Lakes Region.

Follow us

Categories

  • Business
  • BUSINESS REPORTS
  • CLIMATE ACTION REPORTS
  • Climate Change
  • COMMUNITY REPORTS
  • Education
  • Entertainment
  • FEATURES
  • Health
  • Lifestyle
  • News
  • News
  • OBITUARY
  • Obituary
  • Opinions
  • Religion
  • RELIGION
  • Science and Technology
  • Sports
  • Sports and Entertainment
  • TOURISM

Recent Updates

  • Sheema University Students’ Association to Host Hand Over and Freshers’ Welcoming Party
  • “Life Is Scum”: Kabale University Student Leaves Suicide Note, Takes Own Life
  • Muntu Nominated as ANT Presidential Flag Bearer for 2026 Elections
  • Chief Justice Breaks Ground for Regional Court of Appeal in Mbarara
July 2025
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031  
« Jun    
  • About Us
  • Internship
  • Contact Us

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

No Result
View All Result
  • Parrots Media
  • News
  • Business
  • Science and Technology
  • Sports and Entertainment
  • Lifestyle
  • Others
    • Climate Change
    • Education
    • Religion
    • Opinions

© 2025 Parrots Media | Website Designed and Maintained by VINAStech

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page