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Archive for the month “September, 2016”

Och-Ziff Hedge Fund Settles FCPA Charges (29.09.2016)

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Washington D.C., Sept. 29, 2016 — The Securities and Exchange Commission today announced that Och-Ziff Capital Management Group has agreed to pay nearly $200 million to the SEC to settle civil charges of violating the Foreign Corrupt Practices Act (FCPA).

Och-Ziff CEO Daniel S. Och agreed to pay nearly $2.2 million to settle SEC charges that he caused certain violations along with CFO Joel M. Frank, who also agreed to settle the charges.
The SEC detected the misconduct while proactively scrutinizing the way that financial services firms were obtaining investments from sovereign wealth funds overseas.  The SEC’s subsequent investigation of Och-Ziff found that the fund used intermediaries, agents, and business partners to pay bribes to high-level government officials in Africa.  According to the SEC’s order, the illicit payments induced the Libyan Investment Authority sovereign wealth fund to invest in Och-Ziff managed funds.  Other bribes were paid to secure mining rights and corruptly influence government officials in Libya, Chad, Niger, Guinea, and the Democratic Republic of the Congo.
The SEC’s order finds that Och-Ziff executives ignored red flags and corruption risks and permitted illicit transactions to proceed.
“Och-Ziff engaged in complicated, far-reaching schemes to get special access and secure significant deals and profits through corruption,” said Andrew J. Ceresney, Director of the SEC Enforcement Division. “Senior executives cannot turn a blind eye to the acts of their employees or agents when they became aware of suspicious transactions with high-risk partners in foreign countries.”
The SEC’s order finds that Och-Ziff’s books and records did not accurately describe the true purposes for which managed investor funds were used, and the company did not have adequate internal controls to detect or prevent the bribes.
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 “Och-Ziff falsely recorded the bribe payments and failed to devise and maintain proper internal controls,” said Kara Brockmeyer, Chief of the SEC Enforcement Division’s FCPA Unit.  “Firms will be held accountable for their misconduct no matter how they might structure complex transactions or attempt to insulate themselves from the conduct of their employees or agents.”
The SEC’s order finds Och-Ziff violated the anti-bribery, books and records, and internal controls provisions of the Securities Exchange Act of 1934, and affiliated investment adviser OZ Management violated the anti-fraud provisions of the Investment Advisers Act of 1940.  Och-Ziff and OZ Management agreed to pay $173,186,178 in disgorgement plus $25,858,989 in interest for a total of $199,045,167.  The order finds that Och caused violations in two Och-Ziff transactions in the Democratic Republic of the Congo, and he agreed to pay $1.9 million in disgorgement and $273,718 in interest to settle the charges.  The order finds that Frank caused violations in Och-Ziff transactions in Libya and the Democratic Republic of the Congo, and a penalty will be assessed against him at a future date.  Och and Frank consented to the SEC’s order without admitting or denying the findings.
As part of its settlement agreement with the SEC, Och-Ziff acknowledged that it expected to enter into a deferred prosecution agreement with the Justice Department in a parallel criminal proceeding, and its subsidiary OZ Africa Management GP LLC agreed to enter into a plea agreement.  Och-Ziff is expected to pay a criminal penalty of $213 million.
The SEC’s investigation is continuing.  It is being conducted by Neil Smith and Paul Block of the FCPA Unit and Rory Alex, Marc Jones, and Martin Healey of the Boston Regional Office.  The SEC appreciates the assistance of the Fraud Section of the U.S. Department of Justice, the U.S. Attorney’s Office for the Eastern District of New York, the Federal Bureau of Investigation, and the Internal Revenue Service’s Criminal Investigations Division as well as the assistance of the United Kingdom’s Financial Conduct Authority, the Guernsey Financial Services Commission, the Jersey Financial Services Commission, the Malta Financial Services Authority, the Cyprus Securities and Exchange Commission, the Gibraltar Financial Services Commission, and the Swiss Ministry of Justice.

All of a sudden President Museveni wants to cater to the World Bank? I thought he didn’t’ want Foreign Interference in his Uganda!

Museveni Swears In

The World Bank has suspended their budget loans and the financial support for the Government of Uganda in this calendar year. President Museveni is seeing the ramifications of his inactions of fiscal policies and the way it’s interpreted. What the World Bank can question is the ability for the Ministries of Uganda to take loans in their own ways.

World Bank Statement on suspension of Development Funds for Roads:

Following the cancellation on December 21, 2015 of the World Bank supported Uganda Transport Sector Development Project, overseen by the Uganda National Roads Authority (UNRA), the World Bank has suspended the disbursement of funds for civil works in two other projects in Uganda. Those projects, overseen by the UNRA, are the North Eastern Road-Corridor Asset Management Project and the Albertine Region Sustainable Development Project which are suspended pending a review and strengthening of the capacity of UNRA to adhere to the required  environmental and social standards. We are continuing to work with the Government to ensure all Bank-supported projects help Ugandans improve their lives while protecting the poor and vulnerable” (World Bank, 2016).

World Bank Statement earlier in September:

The World Bank Group took a decision to withhold new lending to Uganda effective August 22, 2016 while reviewing the country’s portfolio in consultation with the Government of Uganda.  We continue to actively work with the Ugandan authorities to address the outstanding performance issues in the portfolio, including delays in project effectiveness, weaknesses in safeguards monitoring and enforcement, and low disbursement. We reiterate our commitment to doing everything possible to work closely with the Government of Uganda, as well as with other stakeholders, to support the country’s development and ensure that all World Bank-supported projects deliver tangible and long-lasting results to all Ugandans, especially the poor and vulnerable” (World Bank, 2016).

President Museveni writes to the World Bank:

“President Museveni has written to the World Bank (WB) promising that his government is addressing the structural gaps and other loopholes that compelled the bank early this month to announce withholding of more than $1.5b (Shs5 trillion) in new lending until further notice. The President’s letter to WB, also copied to senior officials in the Ministry of Finance, is part of efforts by government to salvage the loans and save many projects whose failure could have wide economic and political ramifications” (…) “The other guidelines that finance officials will table in Washington, he said, is for all projects to have a “component of benchmarking by Parliament” before the loans are approved. Previously, he explained, ministries would push to get loans whose absorption and project implementation plans are not ready. “For all loans that have not been absorbed, I have evidence where the ministers say they were ready. But by adding a component of benchmarking, they have to justify the request and also satisfy that they are ready.” (Musisi, 2016).

These two statements prove the sentiment of World Bank towards the Government of Uganda and their Parliament how they spend and allocate their monies. As the structures of the Parliament are not budget-wise or coherent enough to be trusted with foreign money! So they have suspended and shown their acts towards the government who has used the loans as they please.

Here a proof of recent legislation that gave a free pass to the Members of Parliaments and the Government of Uganda how they can act without any supervision. Just read this lines!

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As shown by me before in 2015:

 “(5a) In addition to subsection (5), a loan raised by the Government as a temporary advance by the Bank of Uganda, which does not extend beyond a financial year shall not require to be approved by the Parliament” (P5, 2015, PFMA).

So if President Yoweri Museveni writes with the sweetest words, this legislations is active and gives way to the Ministries to take out money without filling it in the Ministerial Policy Statement before Financial Year Budget 2015/2016 or any year else as the small term loans can be taken by ‘Ministry for Higher Education and Sports’ can borrow 1bn from Bank of Uganda (BoU) without questions if it supposed to a be short-term loan. And the best it doesn’t have to be questioned the validity in Parliament.

President Museveni forgets that part and that he has created and accepted the loopholes of the economy because the legislation has been servicing him and his cadres. Therefore he feel compelled to write to ask for it and promise to fix it. The World Bank knew he made it happen and therefore seen enough of his ruthless behaviour and his mismanagement of funds.

And if President Museveni took time to read through the reports of the Auditor General John Muwanga and the Inspectorate of Government under the Inspector Government (IGG) Irene Mulyagonja Kakooza has in the recent Financial Year 2015/2016 written staggering amount loopholes and fiscal maladministration. This being that funds that is allocated not paid out on time and also unaccounted funds, even misspent funds in many ministries of the recent budget year 2014/2015. With this in mind, the President should read some of it and make sure they have procedures and will power to create government institutions that works properly.

Instead, Mr. President you have focused more on yourself and the same with the MPs who are greedy and known for seeking their own interest instead of their citizens. In this regard that the President pleas for the bailout World Bank loans are a bit too much for me; this from a man who said this not too long ago:

“I wouldn’t ask these foreigners, but I would never accept these foreigners to give me orders about Uganda. Or about anything in the world! They got their own countries to run. Let them go and run them. Uganda is ours. Nobody gives us orders here” – President Museveni at Kololo Independence Grounds Speech while celebrating the “Double Victory” on 9th April 2016” (Minbane, 2016).

So these man pleas when needing, but acting all bold when rigging the election. As he fixed the economy this way as he has had 30 years to make it this way. This is the powers of being the Executive for so long and he has seen how the World Bank and International Monetary Fund (IMF) do their loans to the governments in the past. I am sure he knows very well as he has been a recipient all his life. That’s why it’s so strange that he accept being told how to run his business now… when they suspend and sanctions his needed loans to run his operation and his government. But when they we’re doing it he could tell them to go to hell.

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It is like a moment of Nostalgia when it comes to this. President Museveni pattern are just like this. He continues to counter his own argument from a few months ago. This will happen again, but I hope the World Bank continues to stifle the “Old Man with the Hat”. Because he will one minute speak his peace and offer pleasant gifts, next moment he will be on the war-path and spread venom and after that try to fix it, but usually too late.

But the recommendation from World Bank isn’t a quick fix; it is a systemic change of policy of the economic framework that is there. Something the President already knows very well, as he earns his coins on the system he has ushered in. Peace.

Reference:

Government of Uganda – Public Finance Management Act (PFMA) 2015

Minbane – ‘Don Museveni says “I would never accept these foreigners to give me orders about Uganda”; Time to cut the direct donor assistance to the government budget of Uganda and after that let Don Museveni eat alone!’ (10.04.2016) link: https://minbane.wordpress.com/2016/04/10/httpwp-mep1xtjg-20m/

Musisi, Fredrick – ‘Museveni sends delegation to plead with World Bank over loans’ (30.09.2016) link: http://www.monitor.co.ug/News/National/Museveni-appeals-World-Bank-over-loans/688334-3399642-g0djk7/index.html

World Bank Group – ‘World Bank Statement on Withholding New Lending to Uganda (13.09.2016) link: https://minbane.wordpress.com/2016/09/14/httpwp-mep1xtjg-3fl/

World Bank Group – ‘World Bank Statement on Suspension of Roads Projects in Uganda’ (08.01.2016) link: https://minbane.wordpress.com/2016/01/09/httpwp-mep1xtjg-1jx-2/

The Official Statement of the SRC of the University of Pretoria following a meeting convened by the department of higher education and training (30.09.2016)

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Press Statement: Privacy International’s initial reaction to EU export control proposal (30.09.2016)

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PI Research Officer Edin Omanovic said:

“The European Commission has proposed sweeping updates [PDF] to trade regulations in an effort to modernise the EU’s export control system and to ensure that the trade in surveillance technology does not facilitate human rights abuses or internal repression.

Privacy International welcomes the intentions of the proposed changes in terms of protecting human rights as it does all such moves. More than half of the world’s surveillance companies identified by Privacy International are based in the EU. Since 1979, when it was revealed that a UK company had provided the necessary wiretapping technology to the genocidal regime of Idi Amin in Uganda, there have been calls for safeguards over the trade in surveillance technology. Recently, Privacy International has reported the export of various surveillance technology used in human rights abuses in Uganda, Ethiopia, Egypt, Colombia, Morocco, Central Asia, Bangladesh,Macedonia, and Pakistan.

A previous version of the proposals was obtained and published last month by Euractiv. Privacy International at the time published an analysis of the leaked proposals as they related to surveillance technology, below. Since then, industry and national governments have been lobbying the Commission, which is in charge of formulating policy in the EU, to make changes. The eventual proposals only differ slightly however, with the main change being that the definition of “cyber-surveillance” technology has been narrowed. The actual annex which contains a detailed list of what technology has been subject to control has also been published. In addition to spyware used to infect devices, mobile phone interception tech, and mass internet monitoring centres, the Commission has proposed to add unilateral EU categories. Currently these are listed as telecommunications monitoring centres and lawful interception retention systems.

The proposals encapsulate the best and worst aspects of the European Union. Their stated intent reflects Europe’s commitment to fundamental rights, and — as a regulation — it will be binding on all member states, massively magnifying the effect of any legislation. However, they come five years after initial calls for reform made during the Arab Uprising, when it was revealed that the spying apparatuses of numerous authoritarian states largely relied on European surveillance technology. The policy making process has been marked by technical and bureaucratic complexities detached from individuals, making it vulnerable to the interests of industry, powerful national governments, and civil society.

Privacy International will be working to analyse the full implications of the proposal and to ensure that effective safeguards are eventually implemented, and encourages everyone to do so.”

Uganda: IGP Kayihura on “Home Coming for Dr. Kizza Besigye, 29th September 2016 (28.09.2016)

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Statement of the Prosecutor of the International Criminal Court, Fatou Bensouda, concerning referral from the Gabonese Republic (29.09.2016)

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On 21 September 2016, I received a referral from the Government of the Gabonese Republic regarding the situation in Gabon since May 2016 with no end-date. In reference to article 14 of the Rome Statute, Rule 45 of the Rules of Procedure and Evidence and Regulation 25(1)(b) of the Regulations of the Office of the Prosecutor, the Government of the Gabonese Republic requests the Prosecutor of the International Criminal Court (“ICC” or “Court”) “to open an investigation without delay”.

In accordance with the requirement of the Rome Statute my Office will be conducting a preliminary examination in order to establish whether the criteria for opening an investigation are met. A preliminary examination is not an investigation but a process of examining the information available in order to reach a fully informed determination on whether there is a reasonable basis to proceed with an investigation pursuant to the criteria established by the Rome Statute.

Specifically, under article 53(1) of the Rome Statute, as Prosecutor, I must consider issues of jurisdiction, admissibility and the interests of justice in making this determination. The Office gives due consideration to all submissions and views conveyed to it during the course of a preliminary examination, strictly guided by the requirements of the Rome Statute and in the independent and impartial exercise of its mandate.

My Office will examine information regarding crimes allegedly committed by any groups or individuals involved in the situation. Where a referral is accompanied by supporting documentation that identifies potential perpetrators, my Office is not bound or constrained by the information contained therein when conducting investigations in order to determine whether specific persons should be charged. After careful analysis of all available information, I shall make a determination that will be made public in due course.

The Gabonese Republic is a State Party to the Rome Statute, and as such, the ICC has jurisdiction over genocide, crimes against humanity and war crimes committed on the territory or by nationals of Gabon since 1 July 2002, the date when the Statute entered into force in Gabon.

Referral under Article 14 of the Rome Statute submitted by the Gabonese Republic

Power of Attorney

For background, see The Office of the Prosecutor’s Policy Paper on Preliminary Examinations, November 2013, particularly par. 27

The Office of the Prosecutor of the ICC conducts independent and impartial preliminary examinations, investigations and prosecution of the crimes of genocide, crimes against humanity and war crimes. The Office has been conducting investigations in: Uganda; the Democratic Republic of the Congo; Darfur, Sudan; the Central African Republic (two separate investigations); Kenya; Libya; Côte d’Ivoire, Mali and Georgia. The Office is also conducting preliminary examinations relating to the situations in Afghanistan; Burundi; the registered vessels of Comoros, Greece and Cambodia; Colombia; Guinea; Iraq/UK; Palestine, Nigeria and Ukraine.

mailto:OTPNewsDesk@icc-cpi.int

South Sudan government tells Machar to stop violence, wait for 2018 elections (Youtube-Clip)

“South Sudan’s government is urging its former first vice president Riek Machar to denounce the violence and wait to contest the 2018 elections if he wants to take part in the country’s politics again. The government is also urging its neighbours not to support Machar’s declared war on South Sudan. CCTV’s Patrick Oyet speaks to South Sudan’s Deputy Information Minister, Akol Paul” (CCTV Africa, 2016)

RDC: Communiqué de Lambert Mende sur les nouvelles Sanction Américaines (29.09.2016)

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The Auditor General Muwanga really told stories on mismanagement and maladministration of the NRM government (Quotes from the End of the Year AG Report 30th June 2015)

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As of yesterday there we’re the reported 111 cars that vanished and weren’t procured by a Ministry in Uganda. Because of that I had to look more through the report of the Auditor General John Muwanga. There are many stories; some of the ones in this Report have already been discussed on my page.

There so many stories to pick, but here is some of my favourites that shows all from a goats, expressways to other where money have disappeared, over-compensated or not allocated needed funds for the planned procurement and projects that the Government we’re supposed to do. Take a look!

Indebted to International Organizations:

I noted that a number of Government entities are indebted to International Organizations such as PTA Bank, ADB, EADB, WTO, UNIDO, COMESA and Shelter Afrique. A sample of five entities revealed indebtedness of UGX.77,724,089,603 and US$.4,968,950” (OAG, P: 36, 2015).

Overpay on construction of Kampala-Entebbe Expressway:

“An analysis was done and adjustments for the different features of the two expressways were made. It was observed that the unit cost for the Kampala-Entebbe expressway was US$ 2.315 million per lane kilometre while the similar expressway was US$ 1.204 million per lane kilometer” (OAG, P: 38, 2015).

NAO Project going nowhere:

“The protocol agreement between Government of Uganda (GoU) and Democratic People’s Republic of China (DPRC) was signed on the 27th June 2008. It involved establishment of a demonstration centre under the National Agricultural Organisation. However, it was observed that after hand-over of the site by Ministry of Agriculture, Animal Industry and Fisheries to the DPRC, there was no proper follow up by Government on the project as such it was difficult to establish whether the anticipated funding of RMB YUAN 50,000,000 equivalent to UGX.26 bn was received and how it was applied to the project” (OAG, P: 42, 2015).

NCIP disbursed funds:

“Government signed fourteen (14) protocols under the Northern Corridor Integration Projects where substantial amounts of funds have been invested and implementation is on-going. For example amounts totalling to UGX4.2bn was disbursed to fund the power interconnection and the Hoima-Lokichar-Lamu oil pipeline. However, the protocols do not provide for regional coordination and monitoring as well as the audit framework to provide an independent assurance on the utilization of joint funds. This renders it difficult to track the progress of the projects and follow up the accountability for the funds disbursed” (OAG, P: 43, 2015).

Advances Unaccounted for:

Uganda National Roads Authority: 47,738,040,619 UGX” (…) “Ministry of Local Government:  3,827,011,454 UGX” (OAG, P:87, 2015).

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Bidco has avoided VAT:

It was noted that as of November, 2014, the outstanding VAT obligations for BIDCO stood at UGX.744,420,170, included in this figure was late payment interest charge of UGX.168,747,557. Accordingly, a sum of UGX.700,000,000 was paid to URA towards settlement of the tax arrears” (OAG, P: 93, 2015). “After the eleven (11) years, BIDCO would start paying VAT directly on its own and from the 12th year start refunding to Government the VAT plus 5% interest for the first eleven (11) years in (8) equal installments over a period of (8) years. This condition was subject to fulfillment of article 4(3) of the agreement which requires Government to have handed fully to BIDCO all the agreed 26,500 hectares of land” (OAG, P: 94, 2015).

ADB Susbscription:

“In August, 2010, the Governing Council of the African Development Bank (AfDB) under the sixth general capital increase of the bank allocated Uganda shares worth USD.19,759,798 payable over a 12 years period in annual instalments of USD.1,646,649. It was noted that the payment of Uganda’s 4th instalment of UDS.1,293,299 which became due on 16th March, 2015 had not been made. As a result, the callable shares related to the missed instalment had been suspended in line with the Board of Governors resolution on the sixth general capital increase of the bank meeting” (OAG, P:95, 2016).

Banana Project:

“The banana project owns land in Bushenyi together with other movable properties. However, it was noted that the land title is still in the names of the project without the legal mandate to continue owning this land of behalf on government unless the expired legal status is resolved following the legal opinion of the Attorney General to transfer the project under Agriculture sector” (…) “During the financial year 2014/2015, the PIBID project had a budget provision of UGX.9bn out of which only UGX.2.7bn was released as vote on account and as a result, activities worth UGX.6,682,145,000 were not under taken. The affected activities include: purchase and installation of machinery and equipment (UGX.2.5bn), Construction materials (UGX.1.457bn.), marketing of the tooke products (UGX.777,665,000) and procurement of transport equipment (UGX.780,000000)” (OAG, P: 102-103, 2015).

Delayed Construction of Katuna OSBP and swamp reclamation works:

“The construction of Katuna OSBP is undertaken at a contract sum of UGX.8,951,277,750 and Swamp reclamation for access road works estimated at UGX.12,000,000,000. The commencement date for the construction was 13th June 2014 and the estimated completion date was set for 13th June 2015. This was later revised to 30th December 2015. Inspection of construction works showed the following” (…) “The EU Confirmed funding on the 12th May 2014 and all the conditions set by World Bank were met including NEMA’s clearance that was received on the 30th April 2014. I noted that GOU was required to finance the building works for Katuna OSBP since IDA credit funding had been exhausted. The contract for construction of OSBP was finally awarded at a sum of UGX.8,951,277,750 on the 5th June 2014. The EU delayed to operationalize her support and the contractor could not commence on the major building works due to delayed reclamation of the wetland where the buildings were to be constructed” (…) “Management explained that heavy rains, poor terrain and lack of material sources in Katuna such as sand are the biggest challenges. The would be material sources such as hard core are not readily accessible due to the hilly terrain of the area and the contractor can only make a few trips only on a sunny day. For materials like sand, the source is Mbarara (about 150km) and the contractor can only make a few trips given that the road (Mbarara-Ntungamo and Kabale-Katuna) is under construction” (OAG, P: 137-139, 2015).

Uganda Police Force:

“A review of the statement of financial position revealed outstanding payables of UGX.16,454,307,782. Payables worth UGX.10,500,682,162 were incurred during the year which implies that management continued to incur arrears without establishing sufficient mechanisms to monitor and control them” (OAG, P: 183, 2015).

Ministry of Local Government:

“A review of the Ministry of Local Government’s expenditure revealed that the entity charged wrong expenditure codes to a tune of UGX.12,086,792,676. This constituted 40% of total actual expenditure for the Ministry of Local Government. Whereas the funds were spent on items for which they were not originally budgeted for, the accounts have been presented in a way that reflects that the amounts were spent on the earlier budgeted items” (OAG, 2015).

M/S Faw Limited:

“A local company was contracted by the Ministry to provide storage space for the various roads, sanitary and fire-fighting equipment procured under a Chinese loan in 2011/2012 financial year from their parent company. The providers were paid UGX.1,416,000,000 during the year 2014/15 for 20 months storage of the equipment delivered. A review of the procurement file revealed the following” (…) “It was noted that only the Contracts Committee decision on a submission (PP Form 209) approving the evaluation report and contract award at a monthly fee of UGX.70,800,000 were available on file. However, the Solicitor General’s approval and contract agreement were on the procurement file. No initiation of procurement, invitation of potential bidders, record of receipt of bidders, evaluation report and PDU submission of Evaluation Committee report to Contracts Committee were on file to support the award” (…) “A review of the availed documentation revealed that two conflicting pro-forma invoices were submitted by the firm with one quoting a monthly fee of US$.14,160 VAT inclusive for ten months, that is; from 1st June 2012 to 31st March 2013 totaling US$.141,600 and dated 17/5/2012 and another one dated 2/1/2012 quoting a monthly fee of UGX.70,800,000 VAT inclusive for twenty months without clarifying the particular months” (…) “The final batch which arrived in August 2013, was commissioned by the president in October 2013 and handed over to police on 19th December 2013 implying storage of at most five (5) months. This makes fourteen (14) total months of storage as opposed to the 20 months billed resulting into a loss of UGX.424,800,000” (OAG, P: 237-239).

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Ministry of Defence:

“During the year the Ministry’s total expenditure on land acquired amounted to UGX.1,119,388,145. However, it was noted that the government policy of capitalising the acquired land from the financial year 2011/2012 did not give guidance on what to include as cost of land acquired. As such, this amount could not be verified due to lack of guidelines on treatment of land costs in the financial statements” (…) “It was observed that a sum of UGX.1,000,000,000 was paid to an individual as part payment on a claim of UGX.2,958,668,733 for the compensation of 683 cattle and 119 goats which were handed over to 4th Division for safe custody during the insurgency period in 1986” (…) “It was not possible to confirm whether this claim had not been paid before since it is now 28 years since the purported supply of the animals” (…) “It also appears that these animals were for various people but instead the compensation was made to one individual” (OAG, P: 285-288, 2015).

State House Entebbe – Okello House:

“State House has been occupying Okello House for many years with a tenancy agreement that expired in 2013. However, it was observed that State House has not renewed the tenancy agreement and no rent payments have been made to the landlord despite continued occupancy. At the close of the financial year, a sum of UGX.1.272,363,507 was outstanding in rental arrears” (…) “National Housing and Construction Corporation owns properties on Plot 1 Kyagwe Road–Nakasero which is currently occupied by State House. Documents indicate that National Housing has been demanding arrears of UGX.201,100,000 from State House. These arrears have not been reflected in the financial statements”  (OAG, P: 294-295, 2015).

If you don’t find this interesting that the Government of Uganda is misspending funds in this way and that this is just a figment of imagination as this is pieces of a giant report. The most interesting is that one man got the whole piece of the pie of what happen in 1986 and secondly that the State House doesn’t even have an agreement with the tenant who owns Okello House where the President has gallant dignitaries. That shows the state of affairs, brothers, time for a change and also better procedures and practices! Peace.

Reference:

OAG – ANNUAL REPORT OF THE AUDITOR GENERAL FOR THE YEAR ENDED 30TH JUNE 2015

Galmudug State Condemns Aerial Bombardment by U.S. Forces that killed Soldiers, Civilians in Central Somalia (29.09.2016)

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