KASEKENDE TASKED TO ACCOUNT FOR SHS 800M MEANT FOR DEPARTED ASIANS PROPERTIES

By our reporter

www.mknewslink.com

In Kampala

The deputy governor Bank of Uganda, Dr Louis Kasekende was on Tuesday tasked to give accountability of the Shs 800 million that was meant for the payment of the Departed Asians Properties Custodian Board (DAPCB).

The money had been kept in Bank of Uganda and legislators wanted to know why the custodian board had not received any penny.

Kasekende said that he does not recall any claim from DAPCB adding that all individuals and firms had been compensated.

“We wrote out information and published it in the newspapers asking those who had accounts to come for their money. The Custodian Board should explain why they did not come. According to the information I have, all account holders were paid. Why is this exception?” he queried.

MPs then tasked Kasekende to explain why some individuals had received double compensation for properties that were still under contestation.

The deputy governor replied that the central bank only made payments upon receiving instructions from DAPCB.

“The paying agent will not answer those questions. I have not made an audit of how many properties were compensated. The information we are giving you, we got it in our archives,” he stated.

A subcommittee of COSASE is investigating circumstances under which Asian properties that were compensated for by government found their way into the hands of senior government officials.

The Members of Parliament have since asked the government officials who handled the Departed Asians properties to table proof of compensation for each property.

The select sub-committee is chaired by Makindye East MP Ibrahim Kasozi.

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