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
Pakasa Forum: Long queue for tickets at Vision Group offices
People queu outside the Vision Group head office in Industrial Area to receive their passes to the Fourth Pakasa Forum due tomorrow August 23 at Kampala Parents School in Naguru....
Pick your Pakasa access pass at New Vision offices
Access passes to the fourth edition of Vision Group’s Pakasa Forum on Saturday are now available at the New Vision reception on Plot 19/21, First Street, Industrial Area....
Fake inputs: Are the laws too weak?
The name Container Village in Kampala downtown rings an instant bell to every farmer who buys farm inputs. The place is no longer full of the containers from which the name was derived....
KCCA discourages taxi drivers from striking
Kampala Capital City Authority (KCCA) will continue engaging city drivers despite their intended Monday strike....
Pakasa Forum to broadcast live across East Africa
At least five television stations across the East African region will telecast Vision Group’s Pakasa Forum live this Saturday....
Ethiopian Airlines’ Entebbe-Juba route promising
Two weeks after Ethiopian Airlines launched a daily direct route from Entebbe to Juba, frequent flyers between Uganda and South Sudan seem to be embracing the development rather fast....
Will strict traffic laws reduce road accidents?
Yes
No
Can't Say
follow us
subscribe to our news letter