Kampala, Uganda | THE INDEPENDENT | Bugweri County Member of Parliament Abdu Katuntu says he made a mistake to announce his early retirement from politics during his previous term of office. Katuntu declared in 2016 that he would not contest for political office again, because he felt that the four terms he …
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Kampala, Uganda | THE INDEPENDENT | Parliament is pushing for a legal framework regarding judicial officers who are appointed for special assignments outside the judiciary. The demand stemmed from the discussion on the Administration of Judiciary Bill which seeks to provides for powers and administrative independence of the Judiciary. Bugweri County …
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Kampala, Uganda | THE INDEPENDENT | The Minister of State for Planning David Bahati together with the Finance Ministry Director Budget Kenneth Mugambe on Thursday came under criticism over the move to borrow funds to finance activities for the 2021 general elections. Minister Bahati and Mugambe had appeared before the Legal …
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Kampala, Uganda | THE INDEPENDENT | The Rules Committee of Parliament has once again failed to proceed with its investigation into alleged contempt of parliament by Security Minister Gen. Elly Tumwine. The stalemate came after Tumwine raised a lacuna in the process. Tumwine had appeared for the second time before the …
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Kampala, Uganda | THE INDEPENDENT | The former Chairperson of the Committee on Commissions, Statutory Authorities and State Enterprises-COSASE, Abdu Katuntu has defended the Central Bank Probe report. The report was compiled by COSASE following investigations into the closure and subsequent sale of Teefe Trust Bank, International Credit Bank Ltd, Greenland …
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Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has been blamed for failing to supervise management in the process of liquidating financial institutions. In the COSASE report to parliament tabled by the committee Chairperson Abdu Katuntu, the Central Bank Board’s failure to supervise liquidation of the defunct banks …
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Kampala, Uganda | THE INDEPENDENT | The closure of Crane Bank by Bank of Uganda was illegal. This is according to a report by the committee on Commissions, Statutory Authorities and State Enterprises -COSASE. The report indicated that an analysis of the Bank’s liquidity from 1st January to 24th January …
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Kampala, Uganda | THE INDEPENDENT | Bank of Uganda should take full responsibility for any likely loss resulting from the closure of Greenland Bank. This is according to a report by Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE). Greenland Bank was in 1999 put under liquidation by …
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Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has questioned a team of lawyers from MMAKS Advocates on conflict of interest. The team from MMAKS Advocates was comprised of Apollo Nelson Makubuya, Timothy Kanyelezi Masembe, Moses Adriko, Mathias Ssekatawa, Ernest Sembatya and Isaac Walukagga. …
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Kampala, Uganda | THE INDEPENDENT | Bank of Uganda disposed of the Cooperative Bank, which started operations in 1997, the Committee on Statutory Authorities and State Enterprises-COSASE, heard on Thursday. Hannington Wasswa, the Director Commercial Banking in Bank of Uganda disclosed this while responding to a query by COSASE Chairperson, …
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The Independent Uganda: You get the Truth we Pay the Price