BOU Governor Kicked Out Of Parliamentary Committee Over Missing Documents

Posted by: lukwago J in Economy November 4, 2018

Bank Of Uganda ( BOU ) governor Tumusime Emmanuel Mutebile and his deputy Louis Austin Kasekende were kicked out of parliament later on Thursday allegedly for presenting falsehood during the hearing of why several inactive banks were closed by a selected group of MPs who were named commissions statutory authorities and state enterprises (cosase).

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The top governors are still being investigated about the sale of crane bank and the closure of six others which include international credit bank Ltd (1993), Greenland bank (1998), Co-operative bank (1999), National bank of commerce (2012), Global trust bank (2014).

The two senior men were appearing before the parliamentary committee that is investigating the (BOU) Bank of Uganda and they were told to go back home after revealing to the committee that several documents about the banks under inquiry for their closure were missing, according to daily Monitor.

The parliamentary committee chaired by Hon Abdu Katuntu and his other MPs specifically stated they want these two top officials to provide customer deposit schedules, inventory reports, loan reports, statement of affairs and reports on assets and liabilities.

The chairman affirmed that his committee would not receive the origination if everything without the supporting documents.

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