A probe by the sub-committee of the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has revealed that there were irregularities in the transfer of leasehold title of…
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Borrowers and owners of the defunct International Credit Bank (ICB), Greenland Bank and Cooperative Bank whose properties were taken over and sold by Bank of Uganda irregularly and at giveaway…
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Former Crane Bank Chairman and Vice Chairman appearing before Katuntu’s COSASE early this year. The Crane Bank directors contested the UGX478.8 billion the central bank claims it injected into resuscitating…
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“I met her today; the Speaker disagrees with what’s going on and she has said she is going to write officially and stop him (Munyagwa). She said, under the law,…
Members of Parliament have opposed a move by the new Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) chairman, Hon Mubarak Munyagwa to open fresh inquiries into the…
The Speaker of Parliament, Rt Hon. Rebecca Alitwala Kadaga has implored the executive arm of government to expedite bills to reform several aspects governing the banking industry and the running…
National Bank of Commerce (NBC) has become the first bank to drag Bank of Uganda (BoU) to court, following the damning Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that implicated the central bank for flouting several sections of the Financial Institutions Act, (FIA) 2004. According to correspondences seen by this news site, NBC lawyers, Nambale, Nerima & Co…
