Jennifer Musisi officially hands over KCCA office

musisi

Ms Jennifer Musisi, who has served as Kampala Capital City Authority (KCCA) executive director for seven years, Friday handed over office to Kampala Minister, Ms Beti Kamya. Ms Kamya said she will run the office until a new executive director is appointed by President Yoweri Museveni. Mr Museveni is yet to approve her resignation neither has he appointed a new executive director. Ms Musisi announced her exit on October 15 and submitted her resignation letter to the President, indicating she would vacate office on December 15. “When given an opportunity…

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Cosase: GTB directors seek Shs 315bn compensation

kasekende

Former directors and shareholders of the defunct Global Trust bank are seeking Shs 315.7 billion in compensation for the alleged illegal closure of their bank. They are demanding full compensation equal to the direct cash equity investments of $35.3 million with interest at the rate of 10 per cent per annum compound from July 25, 2014. They also want payment of $50 million in loss of goodwill inflicted on the directors and shareholders on account of the wrongful closure of their bank. The officials led by Bayo Folayan the former…

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“You need to learn how to employ yourselves”, President tells Kyambogo graduands

kyambog

President Museveni urged Kyambogo University graduands to use the skills they have attained to employ themselves and others so as to supplement government’s employment and development efforts. In a speech read on his behalf by the Vice President, Edward Kiwanuka Sekandi, Museveni said graduates should continuously re-invent themselves to remain relevant by focusing on the needs of people. “It is your ability and skills to contribute to sustainable social, economic transformation of communities. Be patriotic, disciplined and have a positive attitude,” Museveni is quoted as saying at Kyambogo’s 15th graduation…

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Bagyenda: “I need my passport for X-mas travel”

bagyendaa

The former Bank of Uganda, Executive Director Bank Supervision, Justine Bagyenda has written to the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) seeking access to her passport to enable her travel abroad for Christmas holidays. The Committee is currently withholding Bagyenda’s travel documents after she stalled committee proceedings when she had traveled to the U.S. Bagyenda’s action to travel out of the country without notifying the committee ahead of time was perceived as contempt to the committee and the entire Parliament. On Friday, the Committee Chairperson, Abdul Katuntu…

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Panic as Louis Kasekende transfers his properties to his driver’s names to sabotage investigations

kasekende

News coming in to daily inspector shows fresh evidence of Kasekende transfering his properties to driver’s names. The news we have via a leaked document shows that Bank of Uganda (BoU) deputy governor Dr. Louis Kasekende transferred 12 plots of land into the names of his driver Moses Musitwa in an effort to dodge the scrutiny of the Inspector General of Government (IGG). The transfer forms, dated January 31st 2018, show, Kasekende subdivided land located on Busiro Block 314 into 12 plots: 6090,6091,6092,6093,6094,6095,6096,6097,6098,6099,6100 and 6101 and proceeded to transfer them…

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COSASE sets up a committee to investigate Bagyenda and Kasekende’s wealth.

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Parliamentary committee on Commissions, Statutory Authorities and State Enterprises (Cosase) has decided to launch an investigation into the wealth of former director supervision at BOU Justine Bagyenda and the deputy governor Loius Kasekende. This investigation comes in after suspecting that the duo might have acquired their wealth through the controversial sale of seven commercial banks which Cosase is probing. Aruu South County legislator Odonga Otto presented documents showing 72 land titles of prime plots in Kampala and Wakiso said to be owned by Kasekende and members of his family and…

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BOU statutory manager denies knowing how Crane bank loan files ended up at DFCU

bou

Amazing things will never end at the embattled bank of Uganda. It was revealed in a one COSASE meeting that the statutory manager who was in charge of all the loan files at Bank of Uganda never knew when DFCU came to pick up all the Crane Bank Loan files. When he was asked about how these files were transferred to DFCU, the gentleman said that he got the news on whatsapp. He saw a picture of the lorry carrying all the files from BOU to DFCU and that when…

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