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Man in the spotlight! MPs to quiz BoU liquidator Sekabira today

BoU top official Sekabira, laughs his way out of the bank inquiry in Parliament on Monday, November 12. He will be questioned on today, Thursday, November 22 (PML Daily PHOTO)

KAMPALA – Mr Benedict Sekabira, the Director Financial Markets Development at Bank of Uganda will on Thursday present his letters of appointment as liquidator of three controversial banks — the ICB, Greenland and Co-operative Bank, whose inventory reports were not submitted to the governor Emmanuel Tumusiime Mutebile.

The MPs on the Parliamentary committee on Commissions, Statutory Authorities and State Enterprises as the Banks probe resumes on Wednesday tasked Mr Sekabira, who has become a controversial figure during the probe on the closure of seven banks, to prove that he had been properly appointed liquidator of the banks so far inquired into, or be arrested.

“Mr Chairman, we need the CID to escort Mr Sekabira to Bank of Uganda, to prove his appointment,” Buhweju MP Francis Mwijukye said.

Chairman, Mr Abdu Katuntu then asked Sekabira to produce his credentials on Thursday.

The location of the inventory reports on the closed banks have so far become a source of controversy with Mr Sekabira who was the liquidator of the said banks indicating that he filed the said reports and submitted them to three former BoU officials including Justine Bagyenda, Margaret Matovu and Apollo Obo who were supposed to submit them to the governor

Mr Sekabira is one of the eight top Bank of Uganda (BoU) officials including Dr. Kasekende face the spotlight as the parliamentary inquiry into the sale of seven banks including the Shs 200 billion giveaway of Crane Bank to dfcu Bank winds up week three.

Mr Bernard Sekabira, has been a subject of controversy all week after he clashed with Governor Mutebile over inventory reports of closed banks (PML Daily PHOTO)

The others are senior bank officials, Timothy Sekirayi, Grace Ndyareeba, Margaret Kasule, Titus Mulindwa, William Kasozi and Justine Bagyenda who has since retired from the central bank under a cloud.

The MP’s inquiry is also focusing on the mismanagement of closed banks by BoU after the Auditor General Mr John Muwanga issued a stinging criticism of the central bank in a special audit that cited massive flaws in the closure of Teefe Bank (1993), International Credit Bank Ltd (1998), Greenland Bank (1999), The Co-operative Bank (1999), National Bank of Commerce (2012), Global Trust Bank (2014) and the sale of Crane Bank Ltd (CBL) to dfcu (2016). All the former directors of the above-closed banks will also be cross-examined by the committee.

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