The parliamentary Committee on Statutory Authorities and State Enterprises (Cosase) on Wednesday finalised and presented its report on Bank of Uganda probe to the Speaker of Parliament, Watchdog has learnt.
In October, 2018, the committee led by Bugweri County Member of Parliament Abdu Katuntu kicked off an investigation on top Bank of Uganda officials over their role in the alleged irregular closure and sale of seven commercial banks between 1993 and 2017.
The affected banks include; Teefe Trust Bank, Greenland Bank, International Credit Bank (ICB), Cooperative Bank, National Bank of Commerce (NBC), Global Trust Bank Uganda (GTB) and Crane Bank Limited (CBL).
Since last week, the legislators have been camping in Jinja compiling their findings from the probe.
According to reliable sources, the report is likely to be tabled today in parliament and this time round there’s no minority report since all MPs signed on it.
The source has further revealed that the committee has outlined harsh recommendations against BoU officials such Governor Emmanuel Mutebile and his deputy Louis Kasekende among others.
Most notably, the MPs want the officials to throw in the towel at the end of their current contracts. They also want the Ministry of Finance to have a strong supervisory role at BoU as well as MMAKS Advocates to be blacklisted as service providers of the Central Bank following their controversial role in the irregular takeover and sale of Crane Bank.
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