Home > Cosase

ISO to Probe MPs Katuntu, Among Over ‘Receiving Bribe’ from Sudhir Rupaleria

The Internal Security Organization (ISO) is set to kick off an investigation on former members of the Parliamentary Committee, Statutory Authorities and State Enterprises (COSASE) over alleged misconduct during their probe on the sale of defunct banks by Bank of Uganda. The Inspector General of Government (IGG), Irene Mulyagonja in a

Read More

PHOTOS: Katuntu Hands Over COSASE Office to Munyagwa

Bugweri County MP Abdu Katuntu on Monday evening formally handed over as the Chairperson of the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) to Kawempe South MP Mubarak Munyagwa. Katuntu asked Munyagwa to deal with backlog and focus on institutions with huge budgets as opposed to scattering efforts on

Read More
Bank of Uganda Governor Emmanuel Tumusiime Mutebile and his deputy Louis Kasekende. Photo by Alex Esagala

FULL BRIEFING: Cosase BoU Probe Report’s Key Findings and Recommendations

Parliament’s Committee on Statutory Authorities and State Enterprises (Cosase) has released its report on closure and sale of seven commercial banks by Bank of Uganda (BoU). The report is from months of a follow-up probe on a special audit report by the auditor general on the sale of defunct banks. The seven

Read More

OPINION: Bank of Uganda Should Re-examine Its Records Management Practices

By Jason Mugizi For quite a long time, Bank of Uganda (BoU) had been shielded from open public scrutiny. Stories of marvel and wonder characterized the central bank’s tale. Its peerless role in ensuring macroeconomic stability earned it enormous accolades and peeps both locally and internationally to the extent that the ruling

Read More

Parliament to Confiscate Bagyenda’s Travel Documents

The parliamentary committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has ordered former Bank of Uganda (BoU) Executive Director in charge of Supervision Justine Bagyenda to deposit her travel documents with parliament, The Tower Post reports. The order was issued by COSASE chairperson Abdu Katuntu during a committee session held

Read More

PHOTOS: MPs Grill Mutebile, Kasekende Over Sale of Commercial Banks

Bank of Uganda governor Prof. Emmanuel Tumusiime Mutebile together with his deputy Louis Kasekende are today appearing before the parliamentary Committee on Commissions, State Authorities and State Enterprises (COSASE), to answer for the irregularities in the sale of commercial banks. The irregularities were cited in the Auditor General’s report which indicated that

Read More

Bbumba: I Signed Shs 568bn Tullow Tax Waiver without Reading Agreement

Former Energy Minister Syda Bbumba signed a Production Sharing Agreement (PSA) that gave oil company Tullow a tax waiver amounting to $157m (about Shs 568bn), Parliament’s Committee on Commissions, State Enterprise and Statutory Authority (Cosase) has learnt, with shock. Currently probing the Shs 6bn handshake and the oil sector woes, Cosase

Read More

Museveni Agrees to Refund Controversial Shs 6bn Handshake Cash

Ugandan President Yoweri Museveni and MPs Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) have agreed that the head of state refunds the Shs 6bn money given to officials as appreciation for winning an oil case. Reporters were barred from the meeting that happened at State House Entebbe on

Read More

UNRA Is An Extremely Sick Institution – New Report

A new report by Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) has described Uganda National Roads Authority (Unra) as an “extremely” sick institution. The report by the committee led by Bugweri County MP Abdu Katuntu dwells on the auditor general’s findings from the financial years 2013-14 and 2014-15. For

Read More