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Tag Archives: COSASE

Behind Sudhir win

Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for lost business …

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MP Mawanda secures leave to introduce BoU Amendment Bill

Kampala, Uganda | THE INDEPENDENT | Michael Maranga Mawanda the Igara County East MP has been granted leave of Parliament to introduce the Bank of Uganda Amendment Bill 2019. The bill seeks to separate the fusion between the Bank of Uganda (BoU) management from the board of directors. It seeks …

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COSASE summons Mutebile

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE, has summoned the Central Bank Governor, Prof. Emmanuel  Tumusiime Mutebile. Mutebile is supposed to respond to petitions related to closure of commercial banks next week on Thursday. The Constitution gives Parliamentary committees’ quasi powers of …

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Departed Asians Property Custodian Board seal missing

Kampala, Uganda | THE INDEPENDENT | Parliament has asked the Criminal Investigations Department (CID) to investigate the whereabouts of the seal of the Departed Asians Property Custodian Board. This follows a dispute between the Finance Minister Matia Kasaija, and former Custodian Board Secretary Bernard Tumwesigire, who presented a custodian board …

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COSASE cancels meeting amidst URA audit backlog

Kampala, Uganda | THE INDEPENDENT | Despite resuming the review of the audited accounts of Uganda Revenue Authority-URA on Thursday, the Committee on Commissions, Statutory Authorities and State Enterprises-COSASE still has a huge task ahead. The Committee has to review the URA audited accounts for the 2013/2014, 2014/2015, 2015/2016, 2016/2017 and …

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Kadaga clears COSASE to probe BoU

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Rebecca Kadaga has directed the Committee on Commissions, Statutory Authorities and State Enterprises – COSASE to conduct proceedings on issues that were not concluded as pertains matters on the closure of seven commercial banks by Bank of Uganda. The seven …

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Kadaga clears COSASE to probe BOU

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Rebecca Kadaga has directed the Committee on Commissions, Statutory Authorities and State Enterprises – COSASE to conduct proceedings on issues that were not concluded as pertains matters on the closure of seven commercial banks by Bank of Uganda.  The seven banks …

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BoU amendment bill in the offing

Kampala, Uganda | THE INDEPENDENT | A proposal is in the offing to amend the Bank of Uganda (BoU) act to separate the bank management from the board of directors. The Igara East County Member of Parliament, Michael Mawanda who intends to table the proposal in a private member’s bill, …

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MPs grill Kagina over UGX 430bn spent on contingent liabilities

Kampala, Uganda | THE INDEPENDENT | The Uganda National Roads Authority- UNRA Executive Director, Allen Kagina has been tasked to explain why the body spent 430 billion shillings on contingent liabilities in 2017/2018 financial year. The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE highlighted the audit query among the …

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COSASE sub-committee to probe acquisition of Asian properties

Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE chairperson, Mubarak Munyagwa has formed a subcommittee to investigate fraudulent acquisition of departed Asians’ property. In 1983, the Departed Asians’ Property Custodian Board was put in charge of between 9,000 to 10,000 properties of Asians …

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