Feb 26, 2019
"Whatever we did was in accordance with the law" Kasekende speaks out on COSASE report
"Whatever we did was in accordance with the law" Kasekende speaks out on COSASE report In the report, the lawmakers noted that in several cases, the central bank did not follow the Financial Institutions Act (FIA) and BOU regulations
The central bank has roundly rejected the findings of the parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) that there were irregularities in the way it handled the closure of seven commercial banks.
Last week, the COSASE chairperson, Abdu Katuntu, presented the report on the findings of a three-month probe, indicting Bank of Uganda (BOU) for flaws in…
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