BOU Saga: Parliament Gives Finance Minister Till Mid July to Report Probe Findings


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The Speaker of Parliament, Rebecca Kadaga has given the Minister of Finance up to mid July to update Parliament on the findings of the ongoing investigations into the alleged printing of extra money that was ferried into the country on a BOU chartered plane.

The directive came after the MPs on Tuesday afternoon rejected the initial statement that was given by the State Minister for Planning, David Bahati regarding the investigations. Legislators argued that Minister Bahati’s statement was short of vital information.

In his statement, the Minister maintained that the current investigations are not focused on the extra money that was ferried into the country but rather the unauthorized cargo that found its way onto the Bank of Uganda (BOU) Chartered plane.

“On 27th April 2019, the printed materials arrived at Entebbe International Airport and as expected, 20 pallets destined for BOU were received, intact and well-sealed. However, the BOU team at the airport noticed 5 extra cargo pallets on board the chartered plane,” Bahati said.

Bahati said that the probe into the matter which was initiated by the State House Anti-Corruption Unit is progressing well with hope that it will be concluded soon.

“I appeal to the public to restrain from perpetuating the false information that could compromise the investigations. I assure the public that we shall get to the bottom of this matter and truth will be know and given to the general public in a timely manner,” Bahati said.

MPs including Asuman Basalirwa (Bugiri municipality) and Abdu Katuntu (Bugweri country), Gaster Mugoya, Mbwatekamwa Gaffa, Patrick Oshabe expressed dissatisfaction with government’s response in the manner in which affairs at the Central Bank are being run.

They said the narrative of printed excess money should not be swept under the carpet given the manner in which business is being run at the Bank.

Katuntu noted that unless there is a structural overhaul of the leadership of BOU, the country should brace for more scandals.

Kiboga Woman MP who is also the government chief whip, Ruth Nankabirwa took a swipe at the Minister and demanded that government be given a time frame for the investigations. She added that it is important to compel the relevant authorities to reveal the contents of the said extra cargo that was at chartered plane.

Kadaga thus ruled directing the Minister of Finance to present a more profound statement on the floor of the House by mid July.

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