COSASE Faults URSB over Cooperative Bank Incorporation

Comments 304 Views Kampala, Uganda
Officials from Uganda Registrations Services Bureau (URSB) appearing before COSASE. Olive Nakatudde

Officials from Uganda Registrations Services Bureau (URSB) appearing before COSASE. Login to license this image from 1$.

In short
On Tuesday, MPs quizzed officials of URSB on the circumstances surrounding the incorporation of the bank in 1997. The legislators insisted that the URSB did not carry out effective investigations and due diligence to ascertain the identity and legitimacy of the subscribers to the shares in the memorandum of association.

 

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