Tag Archives: COSASE

Kampala, Uganda | THE INDEPENDENT | Former Shareholders of the defunct National Bank of Commerce (NBC) are demanding sh295 billion as compensation from Bank of Uganda (BoU) over the closure of their Bank. The shareholders include former Prime Minister Amama Mbabazi, businessman Amos Nzeyi, former Supreme Court Judge George Wilson …

IGG accused, Mutebile, Kasekende under fire Kampala, Uganda | HAGGAI MATSIKO | Details of a draft report prepared by the Inspector General of Government (IGG) into the controversial February 2018 staff changes at Bank of Uganda (BoU) have leaked and sparks are already flying. The leakage occurred partly because some …

Legal fight over COSASE looms Kampala, Uganda | HAGGAI MATSIKO | Jan. 14 could see sparks in parliament in a dispute between Speaker Rebecca Kadaga and leaders of the opposition over the tenure of the committee on Commissions, Statutory Authorities and State Enterprises (COSASE). Led by Bugweri County MP Abdul Katuntu …

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 …

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 …

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 …

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 …

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 …

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 …

    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 …