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@chimpreports Fri, 19 Jan 2024 09:10:41

Bank of Uganda Revokes EFC Uganda’s Licence 

Bank of Uganda has liquidated and revoked the licence of Entrepreneurs Financial Center (EFC) Uganda, and ordered for its immediate closure over failure to comply with market requirements. Michael Atingi-Ego, deputy governor Bank of Uganda says EFC has been closed because its activities are detrimental to the interests of its depositors. “This action has been …

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