Ministry of Finance, Planning and Economic Development (MoFPED) is sourcing for a potential replacement of Francis Onebe at Post Bank.
Onebe who is incarcerated in Kitalya Prison, battling murder charges has been serving the bank as non- Executive Director overseeing audit, accountancy and taxation.
A non executive director is a member of the board and appointed by Minister of Finance. A non director is not a full or part-time employee of the bank or holder of an executive office but devotes part of his time to the affairs of the bank as an independent adviser or supervisor.
Mr Onebe who wields 35 years of experience in Audit, Accountancy, Taxation and Consultancy Assignments with clients from all sectors of the economy in the East African region, was arrested in the recent past following the discovery of a decomposing corpse in a septic tank at his residence in Munyonyo, an upscale Kampala suburb.
Police later confirmed that the corpse was Onebe’s wife Immaculate Mary Onebe who disappeared at the start of his year on January 6 as she went to buy home groceries.
Onebe reported to security that his wife was missing, 9 months later a body was found in their marital home.
On Tuesday, Makindye Court remanded Onebe to Kitalya together with his bodyguard.
A source at Post Bank who preferred anonymity said that authorities are concerned in keeping the image of the institution and also emotionally protecting the female clients, therefore, there is no way Mr Onebe can remain occupying that position.
Julius Keketo, the bank’s CEO couldn’t comment on this development when contacted.
Investigations into Onebe’s wife’s murder are on going to establish the cause and who exactly killed her.
Onebe and his deceased wife were running businesses together, owned a security company and an audit firm- Price & King which is affiliated with Prime Global.
At a time of his arrest, Onebe had booked air tickets for two destinations; Nairobi and UK.
He wields a vast experience covering wide range of sectors including financial institutions, insurance, manufacturing, hospitality, agriculture, construction and donor-funded projects to mention but a few.
Onebe spent over a decade with Ernst & Young in Uganda and Kenya. He has done many consultancy assignments including share valuations, due diligence reviews, review of accounting systems, preparation of accounting manuals, investigations, management consultancy assignments, mergers, training and recruitment and audit quality reviews.
Onebe holds a Master of Business Administration (MBA) from Nkumba University, is a Fellow of the Association of Chartered Certified Accountants (FCCA) of the United Kingdom and is a member of the Institute of Certified Public Accountants of Uganda (ICPAU).
