Kampala, Uganda | THE INDEPENDENT | The High Court Civil Division has rejected findings and recommendations of the Parliamentary committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that people who benefited from the SH 6 billion presidential oil handshake refund the money. The committee, which was led by Bugweri legislator …
Read More »URA boss quizzed on taxes collected from substandard goods
Kampala, Uganda | THE INDEPENDENT | The Commissioner-General of Uganda Revenue Authority (URA) Doris Akol has downplayed accusations that the tax body caused losses to businesses by retaining taxes paid for goods that are destroyed after failing to meet standards. Akol was summoned by Parliament’s Committee on Commissions, Statutory Authorities …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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