“I Don’t Have Bank Accounts Abroad” – Museveni Responds to Opposition Allegations

President Yoweri Museveni has denied claims that he owns foreign bank accounts, stating that he does not stash government funds abroad, as some critics suggest.

Speaking on July 26, Museveni responded to allegations from opposition figures that he may be misusing the large State House budget for personal gain. He insisted that all money allocated to him is used for official work, including donations to citizens.

The comments followed remarks by Butambala County MP Muwanga Kivumbi, who linked Museveni’s use of money in politics to voter bribery. Kivumbi accused the President of setting a bad example with his “brown envelope” culture.

Museveni dismissed the accusations, stating that his financial gifts are acts of appreciation for good work — not bribes. He used the term “Kurongoora,” a traditional form of rewarding people for contributions such as farming, performing, or public service.

He gave an example of giving Shs 5 million to cultural dancers in Patongo, comparing the gesture to academic bursaries or sports medals. He said such actions come from official visits, not personal interests.

Museveni argued that as Head of State, he has authority to support citizens through such tokens. He warned politicians without such a mandate to stop copying or criticizing him.

He added that he does not have any secret accounts and challenged those making accusations to provide evidence.

The President also addressed long-standing rumors about his wealth, noting that he is a cattle rancher with no hidden fortune.

Museveni reaffirmed his commitment to public service and accountability.