Kasaija, Muhakanizi Exonerated in 720 billion shillings Loan Scandal
A forensic audit report conducted by Auditor General, John Muwanga has exonerated Finance Minister Matia Kasaija and Secretary to Treasury Keith Muhakanizi over 720 billion shillings loan secured from East and Southern African Trade and Development Bank formally (PTA) amidst allegations of crucial documents having gone missing.
This was contained in the report that was tabled before parliament by the commissioner of parliament also Dokolo district woman mp Cecilia Ogwal .
On receiving the said money, Kasaija had indicated it would go to National Medical Stores, Ministry of Works, Uganda National Roads Authority and Rural Electrification Agency, but on investigation, the Public Accounts committee revealed that the said institutions didn’t receive the money.
This Special audit followed a directive issued on 7th February 2018 by Speaker of Parliament, Rebecca Kadaga to the Auditor General to conduct a forensic audit and establish how the loan was utilized.
The Auditor General initiative for further investigations came after Parliament failed to take a common position when the Committee recommended having both Kasaija and Muhakanizi relieved of their duties for abuse of office.
According to the report, the approved budget and releases to National medical stores indicated that the entity received all entire budgets of 218 billion shillings in 2015/16 and 264 billion shillings in 2016/2017.
In a new audit report to Parliament, the Auditor general John Muwanga said that although he attempted to include all information relevant to the loan acquisition and utilization, his office wasn’t in position to receive all the documents.
Muwanga noted in his report that it is possible that documents and information exist which were not made available to him , or which was unable to locate.
He went further pointing out that the evidence from the Treasury showed that the money was disbursed between October 2016 and July 2017 and deposited in Bank of Uganda and subsequently transferred to the Consolidated Fund Account.