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Kasekende writes to Cosase over leaked assets

deputy governor Bank of Uganda, Louis Kasekende

deputy governor Bank of Uganda, Louis Kasekende

The deputy governor Bank of Uganda, Louis Kasekende has written to the chairperson of the parliamentary committee on Commission of Statutory Authorities and State Enterprises (Cosase) about tabled documents concerning his wealth.

Cosase chairperson Abdu Katuntu on Friday revealed that he had received a letter from Kasekende dated December 14 requesting for information allegedly related to his wealth presented to the committee.

Katuntu says that he has directed the clerk attached to Cosase to avail the information to Kasekende latest Monday this week.

However, the Bugweri County MP did not reveal reasons given by Kasekende in his letter as to why he requires looking at the documents that were presented by Aruu South member of parliament Odonga Otto.

On Thursday, a sub-committee of Cosase MPs was set up to scrutinize documents listing assets allegedly owned by Kasekende and report back to the entire committee on Tuesday next week.

The MPs on the sub-committee are Bukedea Woman MP Anita Among, Uganda People's Defence Forces (UPDF) representative Brig. Francis Takirwa and Kiruhura Woman MP Sheila Mwine.

The copies of 70 pieces of land and property allegedly owned by Kasekende and his proxies including driver and wife were tabled by Otto as the committee proceeded with investigations into the closure of seven commercial banks between 1993 and 2016 as highlighted in the 2017 forensic audit report by the auditor general.

Otto who accused Kasekende of engaging in profiteering, presented a list of 17 properties and land linked to Kasekende. He also accused the deputy governor of transferring 18 properties into the control of his driver Moses Musiitwa and 35 others into the names of his wife Edith Kasekende.

Otto also laid before the committee, bank statements of Edith - detailing transfer of funds from China Railway Corporation totalling to $1.6 million (about Shs 6bn) and another transfer into her account of Shs 1.9 billion from MMAKS advocates.

MMAKS advocates were the lawyers retained by the Bank of Uganda to provide transactional advice on the resolutions of Crane bank.

Otto stated that the declaration of wealth forms submitted by Kasekende to the Inspectorate of Government contain only six properties, something that requires investigation. 


0 #11 Lakwena 2018-12-18 16:26
Quoting Omuzira Ente:
The committee should stick to its mandate of investigating the closure of Banks as to whether it was done in bleach of BOU rules that is all.

But dont be diverted in the work of IGG otherwise it will loose focus as some committee members like Hon Odonga Otto who have greed for money and lack integrity are now being used to fight internal wars within BOU as a result of the succession battle similar to that of Hon Mbabazi and Prof Bukenya which left both men out of the leadership question.


But Omuzira, the revelation about the obscene properties is unintended, which cannot be ignored.

In other words, that could be one of Exhibit 1510 of another kind.
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0 #12 Betty Nalubega 2018-12-20 23:11
Lakwena dear ,

some of these"revelations" are tribal and intended to hide the truth.

Mr. Odonga Oto ,, for some reason, took the trouble to dig deep and come out with 75 + land tites that are owned by Dr Luis Kasekende or his proxies.

What Otto did not know , or knew but chose not to mention is that Kasekende and his large successesful family were born and raised here in Buganda and that it is not such a big deal that they own lots of land.

Something else that has not been put to light is that for every acre of land , one can get several titles .( 5ox50) meaning that if you own only 3 acres of land in Kiwatule , for example , you may be a holder of 40 titles.

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0 #13 Betty Nalubega 2018-12-20 23:17
If Hon. Adonga Otto can own landin Masajja and Apach;

If Mr. Museveni can own land in Nyabushozi , Kisozi and Nakseke ;

If Mr. Mbabazi could own 300 acres of land in Temangalo and in Rukungiri

If, Gen Muhwezi can own land along Salama Road and in Rukungiri;

Why should it be so scandalous for Kasekende to own lots of land in and around the area of his birth and ancestry ?
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