Speaker Names Select Committee To Probe UTL Financial Woes

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In short
The appointment of the select committee follows revelations by Nathan Nandala Mafabi, the Budadiri West MP last week that UTL is bleeding in local and foreign debts to the tune of Shillings 128 billion.

Parliament has instituted a seven man select committee to investigate into the affairs of Uganda Telecom Limited-UTL. 



The Speaker of Parliament, Rebecca Kadaga unveiled the select committee this afternoon.
 
 
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The other committee members include Michael Tusiime, Mbarara Municipality MP, Thomas Tayebwa, Ruhinda North MP, Paul Akamba, Busiki County MP, William Nzhogu, Busongora North MP, Luwero Woman MP, Lillian Nakate and Rubabo County MP, Paula Turyahikayo.

 
The committee is expected to conduct a forensic audit into the accounts of UTL, amidst complaints of financial impropriety by top management and huge debts.
 
The committee is also expected to investigate top managers at UTL, including the Managing Director, Chief Human Resource Officer, Chief Legal Officer and Chief Finance Officer, who are accused of earning a total of Shillings 420 million each month, which is a third of the salary bill of about 500 UTL workers.
 
 
Those implicated include Stephen Kaboyo, the UTL Board chairman, Moses Mwase, Director in charge of Privatization in the Ministry of Finance and David Nambale. The trio was banned from traveling outside the country until the probe is complete.
 
 
The committee will also probe the irregular sale of prime properties and land belonging to the company in Industrial area, Nsambya, Kyambogo, Makerere and Wandegeya.

 
The committee is expected to conduct investigations and report back to parliament within 45 days. The appointment of the select committee follows revelations by Nathan Nandala Mafabi, the Budadiri West MP last week that UTL is bleeding in local and foreign debts to the tune of Shillings 128 billion.
 
 
Government owns 31 percent shares in UTL. According to Nandala, UTL owes Uganda Revenue Authority Shillings 58 billion, MTN Uganda 8 Billion Shillings, UCC 22 billion, Huawei Technologies 24 billion and NSSF 16 billion.

 

 

About the author

Olive Eyotaru
Olive Eyotaru is a URN journalist based in Kampala. Eyotaru has been a URN staff member since February 2015.

Eyotaru started practising journalism while still studying at Uganda Christian University. She was a reporter with Ultimate Media Consult Ltd between 2005 and 2007.

In 2009, Eyotaru joined Monitor Publications Limited, under KFM Radio as a parliamentary and business reporter. Consequently, Eyotaru started writing for the Daily Monitor newspaper until January 2015, when she moved to URN.

She is interested in reporting about politics, health, human rights, business and sports.