Tag Archives: COSASE

Kampala, Uganda | THE INDEPENDENT | The Inspector General of Government (IGG) Irene Mulyagonja has asked the Internal Security Organisation (ISO) to investigate members of the COSASE committee of Parliament for soliciting bribes during the recent probe into the irregular sale of commercial banks. The directive by the IGG is …

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 …

Kampala, Uganda | THE INDEPENDENT | Legislators have punched holes in the recommendations in the Central Bank Probe report, describing them as wanting. The recommendations are part of the report compiled by the Committee on Commissions, Statutory Authorities and State Enterprises- COSASE following investigations into the closure of seven commercial banks …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has told off Benedict Sekabira, the Director Financial Markets Development Coordination in Bank of Uganda over his concerns on the central bank probe report. In her communication during plenary on Tuesday afternoon, Kadaga disclosed that she had received …

Kampala, Uganda | THE INDEPENDENT | Mubarak Munyagwa, the Kawempe South Member of Parliament has finally assumed the leadership of the Committee on Commissions, Statutory Authorities and State Enterprises-COSASE. He replaces Abdul Katuntu, the Bugweri County MP who was dropped by the Leader of Opposition late last year. COSASE is …

  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 …

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 …

Kampala, Uganda | THE INDEPENDENT | Parliament’s committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has recommended that Central Bank officials involved in the sale of loan portfolios for five defunct banks be held personally liable. The banks include International Credit Bank, Greenland Bank, Cooperative Bank, Global Trust Bank …

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 …

Kampala, Uganda | THE INDEPENDENT | Cooperators under their apex body, Uganda Cooperative Alliance are looking forward to the report by the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) to guide their next course of action on the defunct 1964 Cooperative Bank. Led by Ivan Asiimwe, the General Secretary …