Connect with us

Gallery

Pictures Of the Week

Published

on

The State Minister for Planning David Bahati (L) hands Uganda Breweries Ltd’s Alvin Mbugua the winners’ trophy. Mbugua emerged the overall winner of the inaugural Chief Financial Officer of the Year Award, which award was organized by the Association of Chartered and Certified Accountants (ACCA) and Deloitte Uganda. Mbugua took home the overall accolade together with the Strategy Execution Award

Byekwaso Godfrey, Centenary Bank’s General Manager Finance hands over a cheque to Dr Edith Byanyima, a Board member of the Rotary Family Health Days & Rotarian Godfrey Jooga Ssebukulu at the launch of this year’s second Rotary Family Health Days. Centenary Bank set aside over UGX 230 Million to ‘Bridging the Cancer gap’ activities of which UGX 40 Million will go towards the purchase of cancer screening kits to be used during this year’s Rotary Family Health Days

Peter West (M) the British High Commissioner to Uganda is joined by suppliers and the business community from the United Kingdom who were in the country to strengthen business engagements in Uganda especially in the Oil and Gas sector

L-R: UBL Managing Director Mark Ocitti, Sales Director Ben Mbuvi and Supply Chain Director, Shane Healy during the launch of the safety campaign aimed at creating awareness and promoting safety at the workplace. The one week campaign ran until 20th October 2017 under the theme “EXECUTING SAFELY EVERYDAY.

Advertisement

Gallery

PICTORIAL: Construction of the Aga Khan University Hospital (AKUH) to start this July

Published

on

Continue Reading

Commercial Justice

Bank of Uganda is not above the law and must be audited- Kadaga

Published

on

The Speaker of Parliament, Rt. Hon Rebecca Alitwala Kadaga has ordered that the forensic audit into bank of Uganda by the Auditor General of Bank of Uganda’s takeover of Crane Bank in October 2016 and subsequent sale in January 2017 should go ahead as it does not contravene the sub judice rule being pleaded by Bank of Uganda.

NO TIME TO SMILE: Kadaga (R) has instructed the Auditor General, Mr John F.S Muwanga (L) to disregards the Solicitor General’s advice on BoU, saying that there is no public institution created by the law in Uganda that is not subject to audit

The forensic audit into the sale of Crane Bank and other banks taken over and or sold by Bank of Uganda was ordered by the Parliamentary Committee on Commissions, Statutory Authorities & State Enterprises (COSASE) in April 2018 following an outcry from the public and the bank’s shareholders over a number of glaring irregularities.

However, The Auditor General on 23rd April 2018 wrote to the Speaker seeking clarification on whether he should go ahead with the Audit ordered by Parliament. This was after an April 19, 2018 letter by BoU Deputy Governor Dr. Louis Kasekende to the Attorney General protesting against the audit on grounds that such an inquiry offends the sub-judice rule.

On May 2nd 2018, Mr Christopher Gashirabake the Deputy Solicitor General wrote back to the BoU Governor on May 2 ordering the bank not to cooperate with either the Auditor General or Parliament regarding an investigation into the sale of Crane Bank on subjudice grounds.

The sub judice rule largely is applied to mean that a matter is already in the courts of law (under judicial consideration) and therefore is prohibited from public discussion elsewhere.

Bank of Uganda is not above the law

TALKING TOUGH: Kadaga says that any clarifications on any decisions by parliament should be referred to her office and not any other office; even the Solicitor General’s.

However Kadaga in a 10th May 2018 letter Ref: AP 116/161/01 to Mr. John F.S Muwanga, the Auditor General, titled: “Clarification on the special audit on the defunct banks

Continue Reading

Gallery

Airtel’s Mujje Tulumbe Excites Public

Published

on

Slide Anything shortcode error: A valid ID has not been provided

Continue Reading

Ad3

Ad1

Ad2

Now Trending

error: Content is protected !!