Business
MPs grill NDA officials over accounts
Publish Date: May 03, 2014
MPs grill NDA officials over accounts
Dr. Sam Zaramba is the NDA board chairman
  • mail
  • img
newvision

By Vision Reporter

The National Drug Authority (NDA) maintains several suspicious but dormant bank accounts despite being ordered to close them after they were discovered five years ago, MPs have heard.

NDA officials pleaded with the parliamentary committee on statutory authorities and state enterprises, that the main Board was supposed to discuss closure of two accounts in Mbarara but was dissolved before it could.

The officials led by board chairman, Dr. Sam Zaramba, said they now want to seek approval of the interim board.

“We took over a Board less organisation and the decision to move from Bank of Baroda to Stanbic Bank was made, but the accounts could not be closed because the signatory to the accounts had resigned,” Dr. Zaramba said.

He explained that soon after Gordon Sematiko’s appointment, the Board was dissolved and therefore, there was no authority to appoint the accounting officer signatory to the bank accounts.

Sematiko was supposed to be the accounting officer. He said Sematiko was finally made NDA accounts signatory in February 2014 and the resolution registered with bank of Baroda for eventual closure of the accounts.

The NDA head of finance, Dan Badebye, said the accounts were opened to ease movement of cash from head office to regional offices. The NDA is the country’s drugs regulatory bod

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Kutesa urges IMF, WB to finance SDGs
SAM Kutesa, the United Nations General Assembly President is rallying development partners and finance ministers to fund the post-2015 development agenda...
UNBS, SEATINI to promote maize standards
UNBS has signed a memorandum of understanding with SEATINI Uganda to fast track the development of a standard for sesame and implementation of the EAC maize standard...
Makumbi is in love with computers
James Makumbi is mad about computers, so much that he says he prefers them to people because they don’t lie....
Billion dollar wildlife and gold trade fuelling DR Congo war: UN
Smuggling of ivory, gold and timber worth over a billion dollars a year is fuelling war by funding dozens of rebel groups in Democratic Republic of Congo, a UN report has warned....
How China is upsetting the old global economic order
WITH its huge new infrastructure bank and its ambitions for a globalized renminbi currency, China is leading the upending of a 70-year-old global order built on American economic power...
Fastjet launches new regional route
FASTJET Tanzania Airline has officially launched its newest flight between Kilimanjaro, Tanzania and Entebbe Airport...
Should African countries expel South Africans?
Yes
No
Can't Say
follow us
subscribe to our news letter