COSASE summons Mutebile to Answer Queries of loss of Property during the closure of Seven Commercial banks.

Munyagwa-Mubarak--the-Mayor-of-Kawempe--2

The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has summoned the Central Bank Governor, Emmanuel Tumusiime Mutebile, to answer queries of loss of property during the closure of seven commercial banks. The summons follow the failure by the Governor to appear before the Committee on three occasions. Mutebile was invited to appear before the committee to answer queries of the loss of properties by some individuals during the closure of seven commercial banks. The banks that were closed between 1993 and 2016 include Teefe Trust Bank, International…

Read More

CCTV Cameras Pin Bagyenda On fellying Bank Documents .

b3

Former Bank of Uganda (BoU) Executive Director in-charge of commercial banks Supervision, Ms Justine Bagyenda finally accepted to have carried documents out of the central bank but maintained that she carried personal documents related to her consultancy work and not the sale of commercial banks; this was during last Wednesday while appearing before Cosase committee Ms Bagyenda said this while she and other BoU officials were appearing before Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) for questioning over controversial closure of seven commercial banks whose vital documents relating…

Read More