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More fraud unearthed at UTL

President Museveni and Stephen Kaboyo

Uganda Telecom, placed under provisional administration by government remains in the news for the wrong reasons.

A May report from a parliamentary select committee on management and performance of UTL indicated that company bosses; MD, chief finance officer, chief legal officer and chief human resource officer earned a total of Sjs319 per month, 17% of the company’s total monthly wage bill.

The committee also found out that UTL paid for its MD Mark Shoebridge house rent of Shs17m instead of the Shs10m he was entitled to.

Also, company prime property on Plot 47, Fifth Street was sold to a company through noncompetitive bidding, way below the market value- a decision that was endorsed by the Stephen Kaboyo-led board.

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