Shameless Dfcu officials thrown Out of COSASE over Fake Documents


The Parliamentary committee on Commissions, Statutory Authorities and State Enterprise (COSASE) has thrown out Dfcu Bank bosses for presenting unauthentic documents regarding the purchase of defunct Crane Bank. Dfcu officials led by chairman board of directors Jimmy Mugerwa were appearing before COSASE as witnesses in the closure and purchase of Crane Bank in the ongoing Bank of Uganda probe. During the meeting, Dfcu’s Mugerwa made a defense presentation in regards to the terms of purchase of Crane bank agreement, however the presentation was backed by fake documents which were neither…

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Hardly 3months after being forced out of Dfcu, the former Managing Director Juma Kisaame has slipped into depression. Kisaame was today among the officials representing Dfcu who appeared before COSASE to respond to Auditor General’s queries on controversial takeover of Crane Bank. However, the former Dfcu MD looked so frail and depressed and hardly spoke a word during the meeting. It was visible that man was not in his right state of mind ever since he resigned from the bank after it reportedly suffered a liquidity crisis mid last year.…

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URA procures Chinese firm for electronic invoicing


Kampala. Uganda Revenue Authority (URA) has procured the services of Aisino Corporation to provide the Electronic Fiscal Receipting and Invoicing Solution. The solution, according to URA, seeks to mitigate tax administration shortfalls while promoting efficiency. URA, a statement said, it has been encountering a number of challenges, especially in tax administration including poor record keeping, fictitious VAT input tax invoices and incomplete disclosure of business transactions. The solution, which will be rolled out in the 2019/20 financial year, will help to mitigate such challenges. Deloitte defines Electronic Fiscal Receipting and…

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Gen Saleh tells district leaders to account for Shs28b OWC money,


Kasese District leaders are yet to account for Shs28 billion dispersed to them under the government’s Operation Wealth Creation programme (OWC), five years later. Part of the money was used to buy 487 heifers, with 233 of them said to have died, costing the taxpayer Shs535m since each cost Shs2.3m. The chief coordinator of OWC, Gen Salim Saleh, has now tasked the leaders to account for Shs28 billion disbursed to them between 2014 and 2018 for poverty alleviation. “I want you to show me how you utilised the Shs28 billion…

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Africa queen Abenakyo and Speaker Rebecca Kadaga on Busoga region tour, speaking to the girl-child


Miss World Africa Quinn Abenakyo is presently on tour in Busoga with the speaker of Parliament Rebecca Kadaga. The beauty queen cancelled her tour with Uganda Wildlife and ministry of Tourism, which was supposed to be held last week, on grounds that she was sick. But now the Busoga beauty, who runs under her brand-name a project of keeping the girl child in school and stopping early pregnancies, is traversing her mother region addressing girls in different schools. Abenakyo is moving around schools in Busoga in the company of Parliament…

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Things fall apart as Justice Bamugemereire and UPDF soldiers clash over investigations on Mutungo land


There was a scuffle at Mutungo hill as UPDF soldiers guarding contested Mutungo land threatened to shoot at counter terrorism police officers guarding members of the Justice Catherine Bamugemereire judicial commission of inquiry into land matters. Bamugemereire and her commissioners had gone to visit the land that has pitted Buganda prince, David Kintu Wasajja against Bendicto Kiwanuka’s family and Dr Muhammad Kasasa. The land is currently being used by External Security Organisation (ESO). One of the UPDF officers on guard identified as Julius Katuriba  (RA 095301) yelled out instructions to…

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