The Microfinance State Minister, Haruna Kasolo Kyeyune told Parliament that he has alerted the president on the matter and will respond soon. He also allayed the fears of the legislators, saying all is moving on well in the Central Bank.
The Bill seeks to amend the Constitution following a resolution by Parliament on 28th February 2019 which sought to remove the Governor and the Deputy Governor from being chairperson and Deputy Chairperson respectively of the board of directors of the Central Bank.
According to the Bank of Uganda act, the Central Bank Governor who is also the most senior officer in the bank also chairs the board of directors and deputized by the Deputy Governor. The other members are the Secretary to the Treasury and directors from different departments in the bank.
Nicholas Kamanzi, a FinTech Lead at SafeBoda says Cashless is a SafeBoda wallet that allows riders to top each other but also to save with ease. He says unlike mobile money, cashless transactions are devoid of transaction fees which make it easy and better for the users to do business.
Katuntu, who chaired the Committee on Commissions Statutory Authorities and State Enterprise-COSASE, says there is a big fight between the Governor BoU, Emmanuel Mutebile Tumusiime and his Deputy, Louis Kasekende over his succession.
The Worker’s representative to council Frank Ssemakula told Uganda Radio Network that each councillor is demanding up to 4.4 million Shillings. The money covers payment for transport, lodging, meals and constituency monitoring earned at each council sitting and paid from Local revenue collections by the district.
The Committee on Commissions Statutory Authorities and State Enterprises (COSASE) queried irregular procurement worth 300 million Shillings of 350 branded pens worth 125 million Shillings, and a payment of 100 million Shillings to Kampala Serena Hotel. Also queried is an additional 64 million Shillings that was paid out for the hire of tents and chairs in 2016.
Alfred Kabuchu, the Chairperson Kigezi High School Old Students Association-KHOSA, says due to lack of financial capacity, the school has failed to rehabilitate dormitories and lavatories, which are dilapidated.
Justice Mulyagonja says that failure to enforce good governance practices enabled corrupt officials at Central Bank to engage in corrupt tendencies. She stressed the need to increase accountability for governance in the fight against corruption.
In a letter signed by the Governor Bank of Uganda, Emmanuel Tumusiime Mutebile to the lawyers of former employees, the contracts were terminated in line with the law and the bank is ready to defend itself in court.