Kampala, Uganda | THE INDEPENDENT | Members of Parliament have today directed Bank of Uganda (BOU) to withdraw the vehicle and security they have been providing to their former Director Bank Supervision, Justine Bagyenda. For some months now Bagyenda who retired in July 2018 has been appearing before the Parliamentary Committee …
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Kampala, Uganda | THE INDEPENDENT | Parliament leaders are engaged in a series of meetings to resolve the leadership impasse for the committee on Commissions, Statutory Authorities and State Enterprises (COSASE). The COSASE standoff started after a suggestion that the current committee, headed by Bugweri County MP Abdul Katuntu should complete …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) has called for the unedited version of the CCTV footage showing a security breach, through which important documents were sneaked out of the Central Bank. The documents were reportedly taken out of the bank premises …
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From Uganda’s celebrated bankers to 2018 bummers Kampala, Uganda | HAGGAI MATSIKO | In 1991, some of the most powerful people in business and public office In Uganda from western Uganda jointly opened a bank. They called it the Kigezi Bank of Commerce with a commence capitalization of US$20 million. They …
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Kampala, Uganda | THE INDEPENDENT | The former Central Bank Executive Director Supervision, Justine Bagyenda has been granted access to her passports to enable her travel for Christmas Holidays. COSASE Chairperson Abdu Katuntu, however, told Bagyenda that the committee will resume work on 8th January 2019 and that she will be …
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Kampala, Uganda | THE INDEPENDENT | Parliament has granted more time to the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) to conclude the probe into closure and sale of seven Ugandan commercial banks. The two and half year term of the current committee led by Bugweri County MP Abdu …
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President will shake up central bank, insiders say Kampala, Uganda | HAGGAI MATSIKO | When the committee investigating the central bank over closed banks starts querying the process surrounding the sale of Crane Bank, one particular question will arise again: How did you zero on dfcu Bank as the …
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The danger of hunters of personal gain forcing an indecisive executive to dance to their tune in the legislative gallery COMMENT | Joseph Were | For some smart minds, the parliament probe into Bank of Uganda’s sale of seven commercial banks over 23-years from 1993 is the peak of absurdity. That …
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Why former BoU supervision director defied parliamentary probe Kampala, Uganda | HAGGAI MATSIKO | A sitting of the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) which is probing Bank of Uganda’s dissolution of seven commercial over 23 years turned dramatic on Nov.20 when central bank officials contradicted …
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Kampala, Uganda | THE INDEPENDENT | Members of parliament sitting on the parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) expressed displeasure when they were informed the former executive director in charge of supervision at Bank of Uganda (BoU), Justine Bagyenda had flown out of the country at …
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