Statutory Authorities And State Enterprises News

Newly appointed Cosase chairman Munyagwa faces corruption

Kawempe South Member of Parliament who is also the newly appointed chairperson of the Committee on Commissions, Statutory Authorities And State Enterprises (Cosase), Mr Mubarak Munyagwa is needed in court on several related charges of corruption.

Daily Monitor , Uganda Feb 15, 2019

BOU tasked to explain dollar payments to local lawyers

Yesterday, the parliamentary committee on Commissions, Statutory Authorities And State Enterprises (Cosase) probing into the irregular sale of commercial banks tasked the central bank team led by governor Emmanuel Tumusiime-Mutebile to explain why the payment was made in a foreign currency.

The Observer , Uganda Feb 14, 2019

BoU paid lawyers Shs9b to draft Crane Bank agreement

MPs on the Committee on Commissions, Statutory Authorities And State Enterprises ( Cosase) investigating the controversial closure of banks discovered that MMAKS Advocates inked a deal with the central bank where the lawyers would be entitled to 5 per cent of the money that would be recovered from Crane Bank.

Daily Monitor , Uganda Feb 14, 2019

MPs query BoU payments to MMAKS Advocates

MPs on the Committee on Commissions, Statutory Authorities And State Enterprises (Cosase) questioned why there were no minutes to support engagements between MMAKS and BoU or why the lawyers had not advised the Central Bank to do a valuation report on Crane Bank.

Daily Monitor , Uganda Feb 13, 2019

BoU board wants law amended

The proposal was made while the Board together with the Minister of Finance, Planning and Economic Development, Hon Matia Kasaija, the Governor BoU and other officials appeared before the Committee on Commissions, Statutory Authorities And State Enterprises (COSASE) on Friday, 08 January 2019.

The Independent , Uganda Feb 11, 2019

BOU officials kicked out of COSASE over lack of supporting

By URN The Committee on Commissions, Statutory Authorities And State Enterprises (COSASE) on Monday kicked out Bank of Uganda officials led by the Governor, Emmanuel Tumusiime Mutebile for appearing without supporting documents to their presentation.

Daily Monitor , Uganda Feb 11, 2019

Kasaija blames Crane Bank closure on Sudhir

I said ‘Mr Sudhir, I don’t want your bank to go under because when it goes under, it reflects very poorly on the economy,” Mr Kasaija told the House Committee on Commissions, Statutory Authorities And State Enterprises (Cosase) on Friday.

Daily Monitor , Uganda Feb 11, 2019

Sudhir was fed up of Crane bank - Kasaija

Kasaija told the parliamentary committee on Commissions, Statutory Authorities And State Enterprises (Cosase) that he raised Sudhir on phone before the bank closure and urged him to sell off some of his properties and not to let the bank sink.

The Observer , Uganda Feb 9, 2019

Closed banks: dfcu makes U-turn on Crane Bank properties

MPs on Parliament’s Committee on Commissions, Statutory Authorities And State Enterprises (Cosase) since Wednesday faced frustration in their pursuit of the valuation report as dfcu officials yesterday made a U-turn from their earlier position that they have a valuation report by the Chief Government Valuer.

Daily Monitor , Uganda Feb 8, 2019

dfcu Bank explains Crane Bank takeover

Mr Mugerwa told MPs on Parliament’s Committee on Commissions, Statutory Authorities And State Enterprises (Cosase) on Wednesday evening that Crane Bank concentrated mainly in high risk products and pointed out that this was in violation of the Financial Institutions Act.

Daily Monitor , Uganda Feb 8, 2019