Over UGX 900bn lying idle in different bank accounts
Government has dismissed claims that it intends to use the National Payment systems act to keep money found in unclaimed individual finances held in dormant accounts by financial institutions. Minister Matia Kasaija says the law allows legitimate claimants to claim the money years later after it has been transferred to the Bank of Uganda. It is estimated that dormant bank accounts hold over 900 Billion shillings.