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HAPPENING NOW: MPs grill Finance Minister, BoU officials over banks hullabaloo

(R-L) Finance Minister Matia Kasaija, BoU governor Tumusiime Mutebile and his deputy Dr. Louis Kasekende appear before COSASE over banks hullabaloo. (PML Daily PHOTO)

KAMPALA – Finance Minister Matia Kasaija has together with the Bank of Uganda senior officials on Friday morning appeared before the Parliamentary Committee on Commissions Statutory Authorities and State Enterprises that is investigating the central bank over controversial closure of seven commercial banks including Crane Bank that was transferred to dfcu Bank in January 3017.

 

Bank of Uganda governor Tumusiime Mutebile and his deputy Dr. Louis Kasekende appear before the House. (PML Daily PHOTO)

Mr Kasaija appeared together with Governor Emmanuel Tumusiime Mutebile and his deputy Dr. Louis Kasekende.

Ms Justine Bagyenda, the former Bank of Uganda director for commercial banks supervision rushing to attend COSASE. (PML Daily PHOTO)

The Committee is winding up the inquiry and will make a report by the end of the month.

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