Police has summoned Bank of Uganda’s Director Financial Markets Development, Benedict Sekabira, and others for their role in the concealing of land titles closed commercial banks.
The Criminal Investigations Directorate wrote to BoU Governor Tumusiime Mutebile on July 27, seeking permission from the governor to release Mr Sekabira so that he can be prosecuted. He was asked to appear on July 30. Online outlet Eagle Online reports that Sekabira was released from the bank, but he didn’t appear before police.
“This is to inform you that the Director public Prosecution sanctioned the matter for the suspect to appear in Court and the purpose of this communication is to request you release Mr. Benedict Sekabira to report at CID headquarters on July 30, 2020, such that he can be produced in court for the charges of concealing titles deeds under sections 278 of the penal code,” reads the letter to the governor.
“The Directorate has been investigating the above matter that arose from the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) with directive to the Inspector General of police to immediately upon adoption of Special Audit Report on defunct banks seize all the land titles in possession of JN Kirkland and Associates and MS SIL Investment arising from the loan portfolio sold to Ms Nile River Acquisition Company by bank of Uganda,” the letter read.
Sekabira was one of the BoU officials in the eyes of the storm during Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises’ (COSASE) probe into BoU’s take over and sale of seven commercial banks.
Sekabira who was in charge of liquidation of the said banks told COSASE that he filed the said reports and submitted them to three former BoU officials including Justine Bagyenda, Margaret Matovu and Apollo Obo who were supposed to submit them to the governor.
One of the companies that benefitted from the liquidation SIL Investments has been linked to Sekabira.
