SGR Cites Loopholes in DFCU Bank, Kasoli Community Loan Facility

Comments 439 Views Kampala, Uganda
Parliament of Uganda

Parliament of Uganda

In short
Eng. Wamburu, argued that the land on which the Kasoli Housing project sits is government land that was used as security to obtain a credit facility from DFCU Bank Ltd and that under the Public Finance and Management Act 2015, there was a need to obtain a no-objection from the Ministry of Finance to guarantee the mortgage using a government asset.

 

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