Mutebile, Kasekende and Minister Kasaija to face axe over banks saga! - Daily Post Uganda

Mutebile, Kasekende and Minister Kasaija to face axe over banks saga!

Minister Kasaija and BoU chiefs appearing before COSASE

KAMPALA:  A Ugandan entrepreneur has urged President Yoweri Museveni as the appointing authority in the country to sack Bank of Uganda (BoU) Governor Prof. Emmanuel Tumusiime-Mutebile and his deputy Dr Louis Kasekende as well as the Minister of Finance Matia Kasaija, saying the three have mismanaged the operations of Central Bank.

“It is in that regard that we humbly request that you exercise your powers as the appointing authority and fountain of honour by relieving the three parties namely Emmanuel Tumusiime Mutebile Louis Kasekende and Hon Matia Kasaija,” wrote Dr Paul Kasaija.

Dr Bamutaze, a businessman, in his letter dated February 18, 2019, argued that Tumusiime-Mutebile, Kasekende and Kasaija have failed in their duties to the illegal sale of properties of defunct banks such as Crane Bank Limited (CBL), Global Trust Bank Uganda (GTBU) and National Bank of Commerce (NBC).

He also asked Museveni to ensure that the former BoU executive director of supervision Ms Justine Bagyenda is prosecuted in courts of law for what he referred to as her heinous acts and abuse of office.

“The petitioner has been following the COSASE…proceedings and was surprised at shocking utterances by the Governor Bank of Uganda that liquidation reports were hidden away from him by his junior staff. This is so worrying as to whether the Governor Bank of Uganda still has any authority over the management and affairs of the Central Bank of Uganda,” Bamutaze wrote.

He says in his letter that Tumusiime-Mutebile, Kasekende and Finance Minister Matia Kasaija have failed to fulfill their administrative, managerial and supervisory roles, making them unfit to hold their positions.

“It is in this regard that we seek your intervention in the following matters and request that you prevail over the Governor Bank of Uganda, Deputy Governor Bank of Uganda and the Minister of Finance who have failed in their supervisory roles in the proper management of the affairs of the Central Bank,” he complained.

He continued that the actions of the three officials have caused so much instability and if not immediately well handled are likely to cause a financial crisis.

Bamutaze also addressed his letter to the Speaker of Parliament, The Prime Minister, Head, Statehouse Anti-corruption Unit, Secretary General of the National Resistance Movement and others.

Meanwhile the out-going parliamentary Com­mit­tee on Com­mis­sions, Statu­tory Au­thor­i­ties and State Enterprises, (COSASE) led by Chairperson MP Abdu Katuntu has on Wednesday filed its final report following the conclusion of its probe into Bank of Uganda over the controversial closure of seven commercial banks such as CBL, GBTU, NBC, Teefe Trust Bank, Greenland Bank, Cooperative Bank and International Credit Bank.

The report will be presented to parliament tomorrow for debate where recommendations to improve bank of Uganda operations are expected to be aired out by the MPs.


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