UBC Audit: A Sound Balance Sheet Masking Structural Fatigue

The Auditor General found that UBC, which is led by Winston David Agaba, holds UGX318.79 billion in property, plant, and equipment, but over UGX26.32 billion worth of assets have been effectively declared worthless, yet continue to be used without revaluation.

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The Auditor General found that UBC, which is led by Winston David Agaba, holds UGX318.79 billion in property, plant, and equipment, but over UGX26.32 billion worth of assets have been effectively declared worthless, yet continue to be used without revaluation.

The Auditor General found that UBC, which is led by Winston David Agaba, holds UGX318.79 billion in property, plant, and equipment, but over UGX26.32 billion worth of assets have been effectively declared worthless, yet continue to be used without revaluation.