Matooke Republic
Saturday, July 12, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Ofwono Opondo: Guilty BoU officials should pay ‘victims’ from their pockets, rather than heaping the burden onto innocent taxpayers

William Kasoba by William Kasoba
February 22, 2019
in News
Reading Time: 2 mins read
26
SHARES
Share on FacebookShare on Twitter

Yesterday, through chairperson Hon. Abdul Katuntu, the Committee on Commissions, State Authorities and State Enterprises (COSASE) presented its final report of the probe on Bank of Uganda’s controversial closure of seven commercial banks over the years. 

Amongst the recommendations in the report, COSASE recommended BoU to compensate former shareholders of the banks that were closed, besides coughing the non-traced Shs270 billion injected into the liquidation of Crane Bank Limited.

However, government spokesperson Ofwono Opondo, the Director of Uganda Media Centre, is one of the many voices that have quickly come out to voice their disappointment with the recommendations COSASE has made, especially with regard to the BoU officials found guilty of doing things the wrong way.

RELATED POSTS

State Prosecutor found dead at her home in Kasangati

One shot dead, another arrested in foiled mobile money robbery in Kitintale

Ofwono Opondo actually wants the recommendations revised, since they will directly affect the public when not revised, and he particularly wants to see the convicted BoU officials paying for their sins rather than having the Ugandan public pay for them.

“They are asking us the public to pay for the mistakes of the people we entrusted the power with. I think they should name people who have been guilty, and what exactly each one’s mistake was, then make those people to individually pay. “

Opondo further says that he thinks it was intentional of COSASE not to clearly name in its report the people they found guilty and what they were guilty of.

“I don’t want to believe that this was a mistake, why they’ve not mentioned people found guilty in the closure of banks, which they should do, I think it was deliberate,” Opondo added.

The government spokesperson also says that the lines of action recommended by COSASE on the guilty parties must not remain in writing just like the many other reports that have been presented in parliament, but rather immediate action must be taken because this will help streamline the works of government.

Related

Tags: BoUBoU ProbeCOSASECOSASE ReportJustine BagyendaOfwono OpondoSSEKABIRA
Share25TweetSend
William Kasoba

William Kasoba

Related Posts

Ofwono Opondo.

Ofwono Opondo to step down as Government Spokesman, eyes Parliament seat for the elderly

by Matooke Republic
3 months ago

...

No compensation for Lubigi wetland occupants–NEMA

by Matooke Republic
1 year ago

...

L-R:Chairperson of the Board of UNBS, Charles Musekuura and Executive Director of UNBS David Livingstone Ebiru (middle) appearing before COSASE.

“I gave the Board Shs100 million bribe to save my job,” says UNBS Executive Director Ebiru

by Matooke Republic
2 years ago

...

Court dismisses “incompetent application” by BoU to drop fraudulent and wrongful closure case brought against it by defunct Greenland Bank shareholders

by Matooke Republic
2 years ago

...

Museveni re-appoints Ofwono Opondo as Uganda Media Centre boss

by Matooke Republic
3 years ago

...

Next Post

Mp Zaake re-arrested immediately after court grants him bail in Arua

God's Plan finally speaks out: I made mistakes in the past, I love Sheila, she's visionary

RECOMMENDED

Bebe Cool pushes for East African collaboration and use of collective numbers to take over the world musically

July 11, 2025
Fatuma Bbuye Nabiwemba.

State Prosecutor found dead at her home in Kasangati

July 11, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3925 shares
    Share 1570 Tweet 981
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    97 shares
    Share 39 Tweet 24
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    94 shares
    Share 38 Tweet 24
  • Properties owned by late billionaire Aponye at risk of auction over Shs15 billion loan arrears

    78 shares
    Share 31 Tweet 20
  • Pastor Bugingo’s daughter Doreen Gift awarded scholarship to Arizona State University in the US

    61 shares
    Share 24 Tweet 15
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.