Cosase 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 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

BoU’s Shs270b injected in Crane Bank can’t be traced

The MPs on the House Committee on Commissions Statutory Authorities and State Enterprises (Cosase), who are investigating closure of seven commercial banks want BoU officials to account for the public funds.

Daily Monitor , Uganda Feb 13, 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

Court summons incoming COSASE chairman

The criminal summons come at the backdrop of the contested leadership of Committee on Commissions, Statutory Authorities and State Enterprise- Cosase, which is investigating the closure and sell of seven commercial banks by the Central Bank.

The Independent , Uganda Feb 7, 2019

Probe into Cooperative bank closure takes twist

He demanded that Cosase compels the government to clarify how they allowed individuals to register a company without a resolution of shareholders.

The Independent , Uganda Feb 7, 2019

Bagyenda forced us to buy Mbabazi bank, says Sudhir

This week, former NBC shareholders told Cosase that Ms Bagyenda closed their bank even after they had raised the Shs7b the central bank had set as the requirement for capitalisation.

Daily Monitor , Uganda Feb 7, 2019

Natonal Bank shareholders demand Sh295bn for ‘illegal closure’

They made the request while appearing before parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) on Monday.

The Independent , Uganda Feb 5, 2019