IN THINGS: Full List of 85 Verified Greenland Bank Creditors to Be Paid By BOU

By Our Reporter

 

NATIONAL

 

Bank of Uganda has released a list of 85 verified creditors of the Greenland Bank which is in the final stages of liquidation.

 

While publishing the list on Monday, 27^th November 2023, Bank of Uganda also asks the Verified Creditors to submit their Account Details, Contact details, Copy of National ID, valid telephone numbers, copies of Registration Certificates for Companies to the Liquidator before the end of 30 days from 27^th November, 2023.

 

Greenland Bank was incorporated on August 3, 1990 and operated until April 1, 1999 when the central bank placed it under liquidation. As a result, BOU closed Greenland Bank and put it under liquidation, accusing its proprietor, the late Sulaiman Kiggundu of violating banking regulations.

 

Now the 85 Verified Creditors will be paid after submitting their details to the Liquidator.

 

Creditors are individuals/businesses that have lent funds to another company and are therefore owed money. By contrast, debtors are individuals/companies that have borrowed funds from a business and therefore owe money.

 

Liquidation is the process of permanently closing a bank and its branches, selling off any assets and using the proceeds to settle as many of the bank’s remaining liabilities as possible. Typically, customer accounts are closed and checks are mailed to account holders for the amount of their insured deposits.

 

The legal representatives of any deceased creditors are advised to submit their documents to the Director, Financial Stability Department, Bank of Uganda, Plot 45, Kampala Road, P. O. Box 7120, Kampala.

 

Or email through: Bankresolution@bou.or.ug Or to the Bank of Uganda Branches located at; (a) Jinja Branch – Plot 3 Busoga Avenue, Busoga Square. (b) Mbarara Branch – Plot 2 High Street

 

FULL LIST

1. Aida Nabawanuka
2. Florence Kiyimba
3. Juliet Wamala
4. Peacock Paints Ltd
5. Allied Properties
6. Forum For Women In Devt
7. Justin Ojara
8. Portipher Were
9. Angelina Nagadya
10. Fred Amonya
11. Kamidah Namaganda
12. Ramathan Baraka Mayaula
13. Ann Sentamu Garden Designers
14. G.W Musisi Nyanzi
15. Kampala Gen. Furnishing Ltd
16. Richard Munawa
17. Annet Mukasa Namuddu
18. GBL Tanzania
19. Lumweno & Co. Advocates
20. Rose Ochen
21. Arrow Auctioneers Ltd
22. Godfrey Bakunda
23. Mago Enterprises
24. Rwenzori Properties
25. Badru Mayega
26. Gulf Africa Ltd
27. Makeera & Co Advocates
28. Samali Mwanga
29. Birigwa Wasswa
30. H.M Nsamba & Sons
31. Mariam Yiga
32. Sarah Kitakule
33. China Nanjing International
34. Hajat Kawooya
35. Mary Mbire,
36. Siraj Ntambazi
37. Clinic Equipment Ltd
38. Masaka Police Fire Brigade
39. St. Henry’s College Kitovu
40. Commodity Credit Corp.
41. Haji Abdallah Sendiwala
42. Milly Kaggwa
43. Swift Global
44. Computer Point Ltd
45. Haji Abdul Kizito & Sons
46. Milton Okao
47. Swiss Redcross
48. Computer Software Ltd
49. Mirembe Inner Circle
50. Teopista Kasumba
51. Constance Syndria
52. Haji Yusuf Kiberu
53. Moses Namugera
54. Uganda Millers Ltd
55. Dan Musoke
56. Hamadi Sebatya
57. Muhindo Enterprises
58. Vaculug
59. Datin Chong
60. Hilda Okello
61. Nakabiri Estates
62. Vincent Amonya
63. Edith Munube
64. Instrument Ltd
65. Niu Hong
66. Wilson Turyatemba
67. Edward Mpamizo
68. Interline Tours & Travel Ltd
69. Njumba Times
70. Yusuf Musisi
71. Erias Kimbugwe
72. Jane Naggenda
73. Nsubuga & Co. Advocates
74. Zuo Zing
75. Express Football Club
76. Jay Interiors
77. Nubuwati Nantongo
78. Ezra Mbwishwa
79. JHK Kaddu
80. Oscar Industries Ltd
81. Florence Ahimbisibwe
82. Joseph Lubega
83. Patrick Byakagaba
84. Uganda Millers Ltd.
85. Hajat Safina Kinene