PAC Faults URA on oil cash bonanza

The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises  which is probing the Shs. 6 billion oil cash bonanza has faulted officials of the Uganda Revenue Authority for not consulting the board before paying out the money to 42 government officials.

The money which has been commonly referred to as a presidential handshake was a reward for those that took part in the oil arbitration case that saw Uganda awarded 345 million dollars in capital gains tax from two oil companies.

Committee member Francis Mwijukye asked the board if it thought it was irregular for such a huge sum of money to be taken from the URA account.

We captured that moment as the board Chair Simon Kagugube gaves a response

Similarly Committee member Medard Lubega Segoona has tasked the URA Commissioner General Doris Akol to explain how the money was picked from the URA fund and paid out without the board’s approval.

Written by David Kugonza