Bagyenda said that for over eight years the Central Bank had been selling off the assets of the three banks and they were of the opinion that those that they had failed to sell were not that good. She insisted that the Central Bank hired M/S Bageine, a private firm to carry out the valuation of the bank assets. However, she could not table the valuation reports before the committee.
Committee Chairperson Abdu Katuntu directed Bagyenda to deposit both her International and East African Community EAC passports with the Parliament Police officer in charge, by close of business today.
