COSASE to investigate Kasekende, Bagyenda's wealth

The Parliamentary committee on Statutory Authorities and State Enterprises (COSASE) yesterday appointed a sub committee to investigate the alleged wealth of the deputy governor Bank of Uganda, Dr Louis Kasekende and Justine Bagyenda, the former executive director at the central bank in charge of supervision.

This followed documents tabled by Odonga Otto, the Aruu county MP showing that Kasekende owned 72 properties in and around Kampala and dozens of land titles some in the names of his relatives and his driver

Otto also tabled documents showing that Kasekende had transferred 18 land tittles into the names of his driver a one Musitwa and 35 land tittles into names of his relatives.

Medard Ssegoona, the Busiro South however opposed Odonga Otto's move saying it was trying diversionary.

A hot exchange ensued and the situation was calmed by Abdu Katuntu, the COSASE chairman.

After the mini drama, Kasilo County legislator Elijah Okupa presented more documents concerning 11 properties that allegedly belong to Justine Bagyenda in addition to asking the committee to summon the Financial Intelligence Authority over the matter.

This compelled the committee Chairperson Abdu Katuntu to call for a 30 minutes closed door meeting to allow the committee members go through the documents and reconcile the matter.

After the meeting, Katuntu informed the Bank of Uganda officials and journalists about the resolutions of the closed door meeting that allowed MP Odonga Otto table his documents

Meanwhile, the commitee also interfaced with the former shareholders of Global Trust Bank who faulted Bank of Uganda for closing and selling their bank without their consent.

The Nigerian shareholders Nigerian now want Bank of Uganda to compensate them to a tune of $ 35.5 million plus a refund of their four land tittles that Bank of Uganda acquired during the time of closing their bank.

Ambiance--------