COSASE Archives – Page 3 of 3

BoU-COSASE PROBE: Parliament did its work, Executive should act on our recommendations- Kadaga

Muhereza KyamuteteraPolitics & Goverment The Big StoryMay 22, 2019May 22, 2019

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…

COSASE recommendations on BoU: a defiant Kasekende disagrees with COSASE, Mutebile

Muhereza KyamuteteraBanking & Financial Services Company News Politics & Goverment The Big StoryApril 25, 2019April 26, 2019

In what is perhaps Bank of Uganda’s first response to parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) report that implicated the central Bank and several of its…

Reforms before recapitalisation: 4 reasons why MPs should not allow the recapitalisation of BoU yet

Muhereza KyamuteteraPolitics & GovermentApril 18, 2019April 18, 2019

Only a fool does things the same way but expects different results. There’s been a raging debate in parliament and in the media regarding the recapitalisation of Bank of Uganda….

COSASE REPORT: National Bank of Commerce moves to sue BoU for UGX295bn as BoU braces itself for over UGX 1 trillion lawsuits

Muhereza KyamuteteraCompany News Legal & Justice The Big StoryApril 6, 2019April 6, 2019

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…

Cornered by COSASE, BoU’s Kasekende pleads with Auditor General to submit previously ‘missing’ evidence on BoU’s UGX478bn liquidity support

Muhereza KyamuteteraCompany News The Big StoryApril 5, 2019April 6, 2019

The Auditor General (AG) Mr John F.S Muwanga, has declined to consider documents from Bank of Uganda that could hold clues to how UGX270bn out of the UGX478.8bn that was allegedly used to recapitalise the defunct Crane Bank was used, because they were submitted late. According to a leaked letter from the office of the Auditor General, that this news…

Fresh evidence emerges on how Kasekende, Bagyenda, Kutesa and Matia Kasaija secretly hatched plan to sell-off Crane Bank, 17 months before BoU took it over

CEO ReporterCompany News Legal & Justice The Big StoryDecember 12, 2018October 6, 2019

Even before the dust settles over revelations that disgraced former BoU Executive Director, Mrs Justine Bagyenda literally vended and in the words of Parliam Even before the dust settles over…

Exposed: Was Bagyenda in cahoots with dfcu Bank officials and lawyers to illegally transfer Shs570 billions of Crane Bank’s bad loan book?

Muhereza KyamuteteraThe Big StoryNovember 5, 2018November 5, 2018

A letter, said to have been authored by disgraced former Bank of Uganda, Executive Director, lifting key anti money laundering reporting requirements for dfcu Bank in regard to a Shs570…

Bagyenda is morally unfit for reappointment to financial watchdog board- MPs

CEO ReporterCompany News The Big StorySeptember 18, 2018September 18, 2018

The reappointment of sacked and disgraced former Bank of Uganda Executive Director, Mrs. Justine Bagyenda to the board of Financial Intelligence Authority (FIA) now hangs in balance following her failure…