Statutory Authorities and State Enterprises (COSASE) Archives

Canadian-based Nazim Moosa the Director Temangalo Tea Estate lost claim on the disputed land in the High Court ruling on 28th November 2019

TEMANGALO LAND SAGA: COSASE sub-committee unearths irregularities in sale, advises NSSF to engage “legitimate owners” and sue Amos Nzeyi

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 the Temangalo

April 29, 2021

Banking & Financial Services

Left to right: Dr. Louis Kasekende, Mrs Justine Bagyenda and Benedict Sekabira have the major actors in the faulty sale of 7 defunct banks

Prosecution of Kasekende, Bagyenda and others, over the irregular disposal of defunct banks’ assets delayed as DPP asks police to conduct further investigations

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 prices, will

January 23, 2021

The Big Story

Outgoing Kawempe South MP Mubarak Munyagwa who is also COSASE chair

EDITORIAL: Munyagwa’s attempts to prematurely exonerate BoU, fall short of the “high standards of accountability and transparency” professed by FDC, his political party

Two of the major functions of the Parliament of Uganda are: passing laws for the good governance of Uganda and scrutinising government policy and administration through, among others methods, ensuring transparency and

June 12, 2019

The Big Story·Thought Leadership

TOUGH TALKING: Kadaga who has put all her anti-corruption efforts behind the BoU probe, says COSASE cannot probe BoU afresh when the earlier recommendations have not been acted on.

Fresh COSASE probe on BoU by Munyagwa is wrong and I will stop it- Kadaga

“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, he cannot

June 7, 2019

Politics & Goverment

MPs oppose Munyagwa’s moves to start a fresh COSASE probe on BoU

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 closure of

June 4, 2019

Politics & Goverment

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

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 of Bank

May 22, 2019

Politics & Goverment·The Big Story

DIrectors and shareholders of the defunct National Bank of Commerce appear before COSASE in February 2019. They want to be compensated UGX295bn for the "illegal" closure of their bank. Munyagwa's probe is believed by the many to be revisionist and an attempt to exonerate BoU

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

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

April 6, 2019

Company News·Legal & Justice·The Big Story

Statutory Authorities and State Enterprises (COSASE)