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A photo collage of Auditor General Edward Akol and Financial Intelligence Authority Executive Executive Director, Mr. Samuel Were Wandera. Whereas the FIA may have complied with financial reporting regulations, its operational performance, the audit report shows, fell significantly short of what its work plan demanded in the last financial year.

Audit Exposes Gaps in Financial Intelligence Authority: UGX 31.2 billion Spent, But Key Mandates Missed

Beneath the spotless surface of a perfectly balanced budget, the Financial Intelligence Authority (FIA) is grappling with deeper issues of missed targets, shifting priorities, and implementation failures, an audit report reveals.  Despite
Embattled URBRA board chairman, Hon. Julius Bigirwa Junjura( Left), Board member, Hon. David Mutebi (middle) and State minister for General duties, Hon. Henry Musasizi( right) during the inauguration of the new URBRA board in November, 2022. In April,2025, the Court of Appeal dismissed an application by four URBRA board members to halt a High Court order, seeking to have them replaced because of lack of requisite competencies to hold their positions.

Auditor General Questions URBRA Board’s Capacity to Run Retirement Benefits Sector

Behind the gleaming figures of a clean financial audit and commendable regulatory performance, the Uganda Retirement Benefits Regulatory Authority (URBRA) is grappling with internal cracks. URBRA regulates a sensitive sector of the
June 16, 2025

 

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