{"id":27579,"date":"2022-03-08T18:02:20","date_gmt":"2022-03-08T18:02:20","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=27579"},"modified":"2022-03-08T16:37:31","modified_gmt":"2022-03-08T16:37:31","slug":"bou-sued-over-liquidation-of-greenland-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank","title":{"rendered":"BoU sued over liquidation of Greenland Bank"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Uganda. <\/strong><\/span>A group of 27 shareholders of Greenland Bank Ltd have petitioned court indicating that Bank of Uganda (BoU) has taken a very long time to conclude the liquidation process of their bank.<\/p>\n<p>Led by Mr Sulaiman Kaweesi, the aggrieved shareholders state in their petition before the Commercial Division of the High Court that the bank was placed under liquidation 21 years ago, but the process is still ongoing.<\/p>\n<p>\u201cA declaration that the continued liquidation of the 2nd defendant (Greenland Bank) for more than 21 years without accountability to the plaintiffs is irregular, unreasonable and in bad faith,\u201d the court documents dated March 1 read in part.<\/p>\n<p>\u201cA declaration that the entire process of liquidation of the 2nd defendant is marred by massive fraudulent acts committed by the officials of the 1st defendant (BoU),\u201d the petition further reads.<\/p>\n<p>They also want court to order the Central Bank to render the true account of the management of the properties that belonged to the companies, associated with the bank at the time of closure.<\/p>\n<p>Greenland Bank, then an indigenous bank owned by the late Suleiman Kiggundu, was incorporated on August 3, 1990 until April 1, 1999 when BoU closed it and placed it under liquidation.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/uganda\">Uganda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Uganda. A group of 27 shareholders of Greenland Bank Ltd have petitioned court indicating that Bank of Uganda (BoU) has taken a very long time to conclude the liquidation process of their bank. Led by Mr Sulaiman Kaweesi, the aggrieved shareholders state in their petition before the Commercial Division of the High Court [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":27578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,240,234],"class_list":["post-27579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BoU sued over liquidation of Greenland Bank - Uganda<\/title>\n<meta name=\"description\" content=\"A group of 27 shareholders of Greenland Bank Ltd have petitioned court indicating that Bank of Uganda (BoU) has taken a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoU sued over liquidation of Greenland Bank\" \/>\n<meta property=\"og:description\" content=\"A group of 27 shareholders of Greenland Bank Ltd have petitioned court indicating that Bank of Uganda (BoU) has taken a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-08T18:02:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-622786322d059.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1160\" \/>\n\t<meta property=\"og:image:height\" content=\"652\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BoU sued over liquidation of Greenland Bank\",\"datePublished\":\"2022-03-08T18:02:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank\"},\"wordCount\":213,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-622786322d059.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank\",\"name\":\"BoU sued over liquidation of Greenland Bank - Uganda\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-622786322d059.jpg\",\"datePublished\":\"2022-03-08T18:02:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"A group of 27 shareholders of Greenland Bank Ltd have petitioned court indicating that Bank of Uganda (BoU) has taken a ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-622786322d059.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-622786322d059.jpg\",\"width\":1160,\"height\":652,\"caption\":\"BoU sued over liquidation of Greenland Bank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/uganda\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BoU sued over liquidation of Greenland Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#website\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/\",\"name\":\"Uganda\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BoU sued over liquidation of Greenland Bank - Uganda","description":"A group of 27 shareholders of Greenland Bank Ltd have petitioned court indicating that Bank of Uganda (BoU) has taken a ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank","og_locale":"en_US","og_type":"article","og_title":"BoU sued over liquidation of Greenland Bank","og_description":"A group of 27 shareholders of Greenland Bank Ltd have petitioned court indicating that Bank of Uganda (BoU) has taken a ...","og_url":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank","og_site_name":"Uganda","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-03-08T18:02:20+00:00","og_image":[{"width":1160,"height":652,"url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-622786322d059.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"BoU sued over liquidation of Greenland Bank","datePublished":"2022-03-08T18:02:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank"},"wordCount":213,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-622786322d059.jpg","keywords":["Africa Press","Africa Press-Uganda","uganda"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank","url":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank","name":"BoU sued over liquidation of Greenland Bank - Uganda","isPartOf":{"@id":"https:\/\/www.africa-press.net\/uganda\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-622786322d059.jpg","datePublished":"2022-03-08T18:02:20+00:00","author":{"@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"A group of 27 shareholders of Greenland Bank Ltd have petitioned court indicating that Bank of Uganda (BoU) has taken a ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#primaryimage","url":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-622786322d059.jpg","contentUrl":"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/03\/img-622786322d059.jpg","width":1160,"height":652,"caption":"BoU sued over liquidation of Greenland Bank"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/uganda\/all-news\/bou-sued-over-liquidation-of-greenland-bank#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/uganda\/"},{"@type":"ListItem","position":2,"name":"BoU sued over liquidation of Greenland Bank"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/uganda\/#website","url":"https:\/\/www.africa-press.net\/uganda\/","name":"Uganda","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/uganda\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/27579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/comments?post=27579"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/posts\/27579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media\/27578"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/media?parent=27579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/categories?post=27579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/uganda\/wp-json\/wp\/v2\/tags?post=27579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}