Home » Breaking News, Business » Parliament Recomends Firing of UIA Board of Directors

By Mirembe Martina

Parliament has recommended the firing of the board of directors and the top management of Uganda Investment Authority (UIA) after finding irregularities in the book of accounts beginning December 31 2002 to December 31 2011.

Patrick BitatureThe recommendation was contained in a report of the standing committee on commissions, statutory authorities and state enterprises on UIA presented to Parliament by Kumi MP Patrick Amuriat last Thursday. They called for a replacement of the old board with “a new and demonstrated-ably effective board” in addition to reconstitution of “top management of UIA using a professional recruitment and selection process.”

The board is chaired by Patrick Bitature while the executive director is Eng. Frank Ssebowa, who replaced Dr. Maggie Kigozi.

The MPs recommend that the trade ministry should supervise UIA instead of the finance ministry arguing that UIA’s key activities fall under the domain of the trade ministry.

The committee called for, in addition to other recommendations, a value-for-money audit on the Kiwanga-Namanve electricity way leaves compensation.