BOU Officials to to be grilled again tomorrow by COSASE


Bank of Uganda officials are to reappear before the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) headed by Bugweri County Member of Parliament Abdul Katuntu.

It should be noted that these officials were kicked out of the COSASE committee yesterday for failure to provide the right accountability and evidence on the 3 Billion Shillings spent on its external lawyers MMAKS, AF Mpanga Advocates in the  Crane Bank 400bn case.

Appearing before the COSASE committee yesterday, BOU director legal Margret Kasule and Tumusiime Mutebile were tasked to give a clear accountability of the tax payers money spent on the external lawyers.

Bugweri County Member of Parliament Abdul Katuntu grilled these officials asking them as to why they had to pay 3 Billion Uganda Shillings in the last two financial years to external lawyers yet they have a fully facilitated legal team.

It was also in the same meeting that Katuntu discovered BOU had converted  17 of the 29 properties to freehold a thing that surprised the committee.

Margret and other BOU Officials are to reappear tomorrow to the same committee with clear paper work.



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