Bank of Uganda officials have told Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that they cannot trace the offices or address of Kirkland Associates, a law firm that they hired for consultancy services during the process of selling seven defunct banks.
They made this revelation on Monday while appearing before the COSASE.
COSASE is investigating BoU officials over the controversial closure of seven commercial banks.
The banks being investigated were closed between 1993 and 2016. They are; Teefe Bank, International Credit Bank Ltd, Greenland Bank, The Co-operative Bank, National Bank of Commerce, Global Trust Bank and Crane Bank Ltd (CBL).
