Billions of shillings from assets of sold liquidated companies have reportedly gone missing.
A preliminary report says that government through Uganda Registration Services Bureau (URSB) has as of 2018 liquidated 39 companies, but monies from 17 liquidated companies is neither in Bank of Uganda/ consolidated fund nor the Auditor General or even any arm of government.
According to Peter Ogwang, Usuk County MP and backbench commissioner, the money from assets of these 17 liquidated companies is in the two private bank accounts owned by individuals.
“As of 2018, 39 companies had been liquidated. However, it is disturbing to know that billions of shillings from sold assets of 17 liquidated companies is stuffed in two private Bank Accounts owned by individuals. We shall soon know the real mafias,” Ogwang tweeted.
Impeccable sources have told the Insider that the monies are in two private Banks of Stanbic Bank and Standard Chartered Bank.
We need to know who are the holders of these two private bank accounts? Why has the money not taken to Bank of Uganda or the Consolidated Fund? Who are the signatories? How much money is there?” a source said.
Efforts to get Bemanya Twebaze, Registrar General of URSB were futile. Bemanya has been Registrar General and Chief Executive Officer of the Uganda Registration Services Bureau, since March 2012.
Here is the list of the 17 liquidated companies whose monies have not been remitted to government coffers.
NAME: DATE OF SALE
Gobbot Limited Jul-1996
Coffee Marketing Board Apri-2003
Johnas Brothers Apr-2003
Lint Marketing Board Jul-1994
Produce Marketing Board 1999
SINO Limited Oct-1998
Uganda Fishing Marketing Corp Nov-1993
Tororo Industrial Chemicals and Fertilizers Aug-1991
Ugadev Bank Limited 1993
Uganda Airlines Holdings Apr-2001
Uganda Bags& Hessian Mills Mar-1997
Uganda Consolidated Properties Jan-2001
Uganda Cranes Industries 2003
Uganda General Merchandise Jul-1994
Uganda Grain Milling Jan-2004
Wolfram Investments June-1997