OVER 400 MILLION US DOLLARS OIL MONEY MISSING ON BOU ACCOUNT

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Officials from the ministry of energy have been given an ultimatum of up to 9th this month, that’s Tuesday next week submit all the receipts associated to the heritage Oil tax arbitration case which resulted into a 6 billion presidential Handshake to top government officials.

While appearing in the Committee on Statutory Authorities and State Enterprises COSASE chaired by Hon Abdul Katuntu for the second time together with Bank of Uganda officials, they were questioned  as to why they are numerous missing  receipts  especially in the transaction conducted between 2012 and 2015, the prominent one being 14.3 billion transfer.

In response  Ernest Rubondo the former commissioner in the ministry of energy said that most of the transfers were electronic while other were done by Uganda revenue authority URA since their major role was to verify the money received though he asked  for more time to submit the pending receipts.

Committee chairperson Abdul Katuntu revealed that Bank of Uganda has so far received 260 million US dollars instead of over 700million US dollars.

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