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Some Ugandan MPs have asked the government to immediately suspend all the officials at Bank of Uganda who are reportedly said to have involved in the current scandal.
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According to the MPs, they also want the government to temporarily recruit an international audit firm to do scientific techniques of investigations in the central bank.
Three months ago, the parliamentary committee on commissions, Statutory Authorities and State Enterprises (COSASE) carried out an investigation on the bank’s role following the closure of 7 commercial banks and finally presented a condemnatory report.
The legislators who included Okot Ogong Felix of Dokolo North, Pentagon Kamusiime of Butemba County, Kaps Fungaroo Hassan of Obongi County, Kaberuka James of Kinkizi West and Waluswaka James of Bunyole West mentioned that what is taking place is disappointing, immoral and a shame to bank’s leadership.
Therefore, the above lawmakers want the government to immediately debar all Bank of Uganda officials said to be involved in the illegal currency printing.
Other lawmakers however advised government to recollect the current legal tender and print the new currency to help save Uganda’s economy.
Check also;
- Labour Export Companies Hit Back At Ministry Of Labour’s Order To Submit Bank Statements
- Museveni Cautions To End Corruption Among Corrupt Ministers
- President Museveni Sacks Officials In The Ministry Of Education
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg)