• Latest
  • Trending
RUGUNDA TO REA BOSS: U’RE TOO LATE TO SAVE YOUR JOB

RUGUNDA INTERVENES IN UTL WAR AS MPS MOVE TO AMEND INSOLVENCY LAW

03/10/2025
C-Care IHK Celebrates Mothers with a Wellness Experience and Luxury Mom-Cation Raffle Draw

C-Care IHK Celebrates Mothers with a Wellness Experience and Luxury Mom-Cation Raffle Draw

15/12/2025
Police Say Fr. Ssekabira’s Arrest Is a UPDF Matter, Not Theirs

Police Say Fr. Ssekabira’s Arrest Is a UPDF Matter, Not Theirs

15/12/2025
Tensions Rise in Gulu as Parliamentary Candidate Mugabe Blames State for Campaign Terror, Minister Mao Slams Institutions

Tensions Rise in Gulu as Parliamentary Candidate Mugabe Blames State for Campaign Terror, Minister Mao Slams Institutions

15/12/2025
M7 Ponders Making Bigirimana Defence PS

M7 Ponders Making Bigirimana Defence PS

14/12/2025
Magnanimous As Always, Gen Salim Saleh Rehabilitates Sylivia Muwebwa Ntambi Who Stood up Sudhir Ruparelia & Crashed Badly In 2021

Magnanimous As Always, Gen Salim Saleh Rehabilitates Sylivia Muwebwa Ntambi Who Stood up Sudhir Ruparelia & Crashed Badly In 2021

14/12/2025
Gashumba, Chairman Toyota Set to eat big in upcoming PLU Reshuffle

Gashumba, Chairman Toyota Set to eat big in upcoming PLU Reshuffle

14/12/2025
Masaka Diocese’s Bishop Jjumba Now Has Where to  Start from as Army Says it Has Father Deus Ssekabira

Masaka Diocese’s Bishop Jjumba Now Has Where to Start from as Army Says it Has Father Deus Ssekabira

15/12/2025
JUST ASKING: Has Kabaka’s CBS Radio Endorsed Museveni’s Re-election?

State House Orders Kla M7 Campaigners to Stop Using Too Much English While Seeking Votes for the President In Remaining Days

13/12/2025
Take Charge of 2026 Elections or Get Out of the Job! Acholi Bishop Demands of EC Boss Justice Byabakama Following the 6th Dec Violence NUP’s Kyagulanyi Faced in Gulu

Take Charge of 2026 Elections or Get Out of the Job! Acholi Bishop Demands of EC Boss Justice Byabakama Following the 6th Dec Violence NUP’s Kyagulanyi Faced in Gulu

13/12/2025
Mere Pleading Guilty Can’t Save You from Serving Jail Term Because You Committed the Offence! Trial Magistrate Kamasanyu Rebukes Senior Telecom Engineers Who Confessed Stealing ATC lithium Batteries

Magistrate Kamasanyu Guides on Plea-Bargaining Procedures as Two Telecom Engineers Consider Pleading Guilty to Telecom Equipment Vandalism Charges

13/12/2025
Minaana’s Torture Allegations Against State Attorney Birivumbuka Spark Outrage as ODPP Demands Accountability

Minaana’s Torture Allegations Against State Attorney Birivumbuka Spark Outrage as ODPP Demands Accountability

13/12/2025
Regional Advocate Mivule Urges Speaker Among to Organize Regional Baraza Before EALA MPs Depart-Saying This Will Deepen Integration & Increase Relevancy for The Regional Assembly

Regional Advocate Mivule Urges Speaker Among to Organize Regional Baraza Before EALA MPs Depart-Saying This Will Deepen Integration & Increase Relevancy for The Regional Assembly

13/12/2025
mulengeranews.com
  • Home
  • NEWS
    • GENERAL NEWS
    • MORNING BRIEFING
    • THE GIRAFFE
    • INVESTIGATIONS
    • INTERVIEWS
  • ECONOMY WATCH
    • BUSINESS NEWS
    • BUSINESS FEATURES
    • ENERGY
    • OIL & PETROLEUM
  • HEALTH & LIFESTYLE
  • GOSSIP
    • CORPORATE BUZZ
    • POLITICAL TRIVIA
    • CELEBRITY VIBE
    • CORPORATE EVENTS
  • UPCOUNTRY
    • UPCOUNTRY FEATURES
    • UPCOUNTRY NEWS
  • FLASHBACK
    • HISTORY-INSPIRED ARTICLES
    • POLITICAL SERIES
  • More
    • EDUCATION
    • MATTERS OF FAITH
    • CHRISTIAN FAITH
    • MUSLIM FAITH
    • P’PLE PROFILES
    • WEDDINGS & MARRIAGES
    • CONTACT US
No Result
View All Result
  • Home
  • NEWS
    • GENERAL NEWS
    • MORNING BRIEFING
    • THE GIRAFFE
    • INVESTIGATIONS
    • INTERVIEWS
  • ECONOMY WATCH
    • BUSINESS NEWS
    • BUSINESS FEATURES
    • ENERGY
    • OIL & PETROLEUM
  • HEALTH & LIFESTYLE
  • GOSSIP
    • CORPORATE BUZZ
    • POLITICAL TRIVIA
    • CELEBRITY VIBE
    • CORPORATE EVENTS
  • UPCOUNTRY
    • UPCOUNTRY FEATURES
    • UPCOUNTRY NEWS
  • FLASHBACK
    • HISTORY-INSPIRED ARTICLES
    • POLITICAL SERIES
  • More
    • EDUCATION
    • MATTERS OF FAITH
    • CHRISTIAN FAITH
    • MUSLIM FAITH
    • P’PLE PROFILES
    • WEDDINGS & MARRIAGES
    • CONTACT US
No Result
View All Result
mulengeranews.com
No Result
View All Result
Home NEWS

RUGUNDA INTERVENES IN UTL WAR AS MPS MOVE TO AMEND INSOLVENCY LAW

by Mulengera
6 years ago
in NEWS
0 0
RUGUNDA TO REA BOSS: U’RE TOO LATE TO SAVE YOUR JOB
Share on FacebookShare on Twitter

By Mulengera Reporters

Desiring to prevent an escalation of bitter exchanges between Investments Minister Evelyn Anite and officials of the AG chambers especially Mwesigwa Rukutana, Prime Minister Ruhakana Rugunda has called for a meeting slated for tomorrow to try and talk the two parties out of animosity.

The meeting, according to reliable sources, is slated for tomorrow and all parties concerned with the UTL dispute (that has seen top officials exchange bitterly) are expected to attend and work out modalities to deescalate.

During the Monday cabinet meeting, it was expected the matter would be discussed but it was avoided because the President was out of the country yet many feared to give their views before knowing his stand.

As Rugunda organizes his de-escalation meeting, some MPs have expressed dissatisfaction with some of the provision of the Insolvency law saying it gives lots of protection to the administrator including being immune to mandatory audits during the administration period.  “This is Uganda and the law must always be subordinated to politics because its enacted to serve the people who elect as the politicians. I’m moving a private members bill to have that law amended so that accountability is a must at all times,” ranted an MP from Eastern Uganda as he went about mobilizing other colleagues to begin galvanizing NRM caucus members’ opinion around the issue of amendment.

“We have the numbers as NRM and once consensus is built, we can amend that law in a very short time and have a fairer more equitable situation in place. There is no way anyone involved with public funds can be immune to being audited. That would be recipe for disaster,” the MP added. He further claimed this is the only way to empower the executive to always intervene because its hands currently are legally tied in the UTL situation.

But an influential city lawyer who declined being quoted told Mulengera News the MPs need to understand the efficacy of any law lies in its capacity to inconvenience some people preventing them from always getting their way and that changing the law so often just because of a temporary inconvenience isn’t good practice.

This development by the MPs comes at a time when influential scribe Andrew Mwenda too has been approached by some people urging him to meet the President and lobby him to pronounce himself on the UTL crisis or issue some remedial executive orders to return things to normalcy.

Meanwhile some MPs are also preparing to move Parliament to call for a pre-UTL administration period-like inquiry into the Liquidation Account on which all monies resulting from state-owned company’s liquidation are supposed to be deposited. They are demanding to know why such money is never deposited on the consolidated fund and is instead kept in Stanbic and Standard Chartered bank. They are wondering why the AG John Muwanga or even the Finance Ministry have never conducted a single audit into the operations of that account. The position is the OAG is legally barred from inquiry into such accounts for the protection of creditors’ interests who take precedence once a company goes under.

Some MPs also want Museveni’s lawyer Kiwanuka Kiryowa to once again play a leading role as he did at the commencement of the administration period as the legal representative of PWC whose audit advisory is what guided government on how to proceed after herding out the old management team at UTL. That for three days the Finance and Justice Ministry officials failed to build consensus on how to proceed with UTL.

A scene depicting Ugandan Parliament in session

Justice officials preferred liquidation to which Kiryowa and his PWC clients vehemently objected. In the end, Museveni got involved by convening a meeting in Entebbe where he listened to the PWC views and directed UTL should be resuscitated rather than liquidated. The Kiryowas, after defeating government lawyers in the Museveni meeting, subsequently played vital roles in ensuring Caneo Tech’ court application calling for liquidation (as a creditor) was dismissed by Justice Lydia Mugambe. It’s very likely that being extremely busy with too much work and fear to be seen as getting involved in so many things (and thereby causing perception problems for the President) have combined to keep the otherwise very outspoken KK away from the UTL war theatre for now. (For comments, email us at mulengera2040@gmail.com).       

 

Post Views: 1,153

Related Posts

C-Care IHK Celebrates Mothers with a Wellness Experience and Luxury Mom-Cation Raffle Draw
NEWS

C-Care IHK Celebrates Mothers with a Wellness Experience and Luxury Mom-Cation Raffle Draw

12 hours ago
Police Say Fr. Ssekabira’s Arrest Is a UPDF Matter, Not Theirs
NEWS

Police Say Fr. Ssekabira’s Arrest Is a UPDF Matter, Not Theirs

14 hours ago
Tensions Rise in Gulu as Parliamentary Candidate Mugabe Blames State for Campaign Terror, Minister Mao Slams Institutions
NEWS

Tensions Rise in Gulu as Parliamentary Candidate Mugabe Blames State for Campaign Terror, Minister Mao Slams Institutions

16 hours ago
M7 Ponders Making Bigirimana Defence PS
NEWS

M7 Ponders Making Bigirimana Defence PS

1 day ago
Magnanimous As Always, Gen Salim Saleh Rehabilitates Sylivia Muwebwa Ntambi Who Stood up Sudhir Ruparelia & Crashed Badly In 2021
NEWS

Magnanimous As Always, Gen Salim Saleh Rehabilitates Sylivia Muwebwa Ntambi Who Stood up Sudhir Ruparelia & Crashed Badly In 2021

1 day ago
Gashumba, Chairman Toyota Set to eat big in upcoming PLU Reshuffle
NEWS

Gashumba, Chairman Toyota Set to eat big in upcoming PLU Reshuffle

1 day ago

  • #13266 (no title)
  • Contact
  • Home
  • Homes

Copyright © 2025 All Rights Reserved by Mulengera News.

No Result
View All Result
  • #13266 (no title)
  • Contact
  • Home
  • Homes

Copyright © 2025 All Rights Reserved by Mulengera News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?