Bank of Uganda officials to be grilled today

Bank of Uganda (B.o.U) Governor Emmanuel Tumusiime-Mutebile will today lead a team of top management from the Central Bank to face the lawmakers on the Parliamentary committee investigating irregularities in the closure of commercial banks.

The Parliament’s Commissions, Statutory Authorities and State Enterprises (Cosase) inquiry will focus on the mismanagement of closed banks and dealings with external lawyers as unearthed by the Auditor General in  his special audit report to Parliament.

Auditor General in its reports faulted the central bank for taking over Cranes bank and eventually selling off the bank under dubious circumstances.

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