AG audits Shs478bn Crane bank liquidity as Kasekende cries to Kadaga

Crane Bank

Members of Parliament sitting on the Committee on Commissions, Statutory Authorities and State Enterprises [COSASE] have directed the Auditor General, John Muwanga, to audit the alleged Shs478bn that the central bank injected into Crane bank.

This followed failure by Bank of Uganda to produce accountability documents of the Shs478bn injected into Crane Bank during statutory management.

Cosase chairman Abdu Katuntu tasked BoU governor Emmanuel Mutebile to produce the accountability report of the said money to no avail.

Crane bank statutory manager, Edward Katimbo Mugwanya, said he could not avail the accountability because he was never given time to properly hand over.

The documents only show schedules not the proper accountability, Katuntu noted.

He thus directed the Auditor General to carry out an audit of the Shs478bn liquidity that was injected into crane bank in a period of two weeks.

Kasekende writes to Kadaga

Meanwhile, Bank of Uganda Deputy Governor Louis Kasekende has written to Speaker Rebecca Kadaga denying owning 75 land titles that the Aruu MP Odonga Otto tabled before a Parliamentary committee.

In a December 18 letter to Kadaga, Kasekende indicated that 23 of the 75 land titles that Otto presented before Cosase are “neither known to him nor owned by him”.

Twenty five of the 75 alleged land titles which are, “as a matter of fact”, 12 land titles owned by Moses Musitwa were listed twice to make a total of 25.

“The said Moses Musitwa is not and has never been my driver as alleged. He happens to be a person who once bought 1.4 acres of land upcountry from me, a search of which points at his having subdivided the said land into 12 plots,” Kasekende wrote.

Some of the other land titles are owned by members of his family who are capable of owning land in their own right.

Kasekende claims that nine land titles are owned by his brother Mr Herman Kasekende but one has since changed ownership while another three land titles are owned by Martin Kasekende [the Deputy Governor’s brother], two of which have since changed ownership.

Two land titles are owned by Harriet Kasekende [Deputy Governor’s sister] while another two land titles that comprise one land titles are owned by George Kasekende, according to the Deputy Governor’s protest letter.

Kasekende said two land titles are owned by the estate of his father, the late Benedict Kasekende, which constitute the Kasekende-Family ancestral home, jointly owned by the family.

Two land titles that comprise one land title are owned by George Kasekende, the Deputy Governor claimed.

“Two alleged land titles that comprise 1 land titles (listed twice) was once owned by his wife but was sold 13 years ago. On the land titles that he owns, Mr Kasekende wrote that: “In respect of the land titles I own, I should state that there is an on-going verification exercise being conducted by the office of the IGG in relation to asset declaration by all senior staff of BoU, of which I am part.”

Additional reporting by Daily Monitor



Please enter your comment!
Please enter your name here