Parliament’s Committee on Trade, Tourism, and Industry has tasked Munyonyo Commonwealth Resort Limited to provide audited financial statements after it emerged that the facility has not been officially audited for the last four years, reportedly due to the delayed appointment of government representatives to the Board.
Munyonyo is a partially government-owned Vitoria Lakeside five-star hotel resort in Kampala sitting on a 90-acre land. Through the Uganda Development Corporation – UDC, the government holds 25 percent shares or 15,061,309,120 shares out of the 60,244,836,480 paid-up shares in Munyonyo.
While appearing before the probe Committee on Thursday, Dr. Patrick Birungi, the Executive Director of UDC revealed that Munyonyo Resort has no audited financial statements for the Financial Year 2019 and 2022 due to the delayed appointment of government representatives to the Board.
The Committee chaired by Charles Okello the Nwoya East County Member of Parliament is inquiring into the status of government investment in the luxury resort and conference facility.
Dr. Birungi told the Committee that there were no available audited financial statements for the period under review due to the impact of the global COVID-19 pandemic.
He explained that due to the challenges posed by the pandemic, the quorum for both the Board and Annual General Meeting required a government representative yet for the period in question, most of the government officials were not in those positions to facilitate the audit processes.
The Chairperson adjourned the probe after Birungi asked for more time to allow external auditors, UHY Thakkar & Associates appointed on 19 July 2023 to complete the ongoing financial audits for better engagement.
Godfrey Odero, the Samia Bugwe County South County legislator demanded that UDC submit all audited financial statements for the previous years from the time the government started investing in Munyonyo dating back to 2007 when the country hosted the 20th Commonwealth Heads of Government – CHOGM in order to inform the Committee’s report.
According to Dr. Birungi, UDC has nominated Betty Katsimbazi and Stephen Mwanje as new Directors of Munyonyo Commonwealth Resort while Andrew Rugasira and Basil Ajer were nominated as alternate directors.
Munyonyo is also owned by Sudhir Ruperalia, the Director of Meera Investments Limited. Sudhir and his co-director, Jyotsna Ruperalia own 30,724,866,605 ordinary shares, while his company has 8,434,277,107 shares, and Jyotsna 6,024,483,648 shares respectively.
It is understood that the government contributed 15 billion Shillings in the run-up to the CHOGM, 2007 meeting that was held at Munyonyo Commonwealth Resort in the form of a joint venture, and another 13 billion was spent for the construction of a marina and pathways.
The Ministry of Finance, Planning and Economic Development was the shareholder of government shares in Munyonyo Resort until 2022 when the ownership was transferred to UDC in compliance with the UDC Act, 2016.
About the author
London: A Black Pride Haven
BY JAMES KABENGWA. LONDON. Queen Elizabeth Olympic Park was Sunday filled with the vibrant energy of UK Black Pride- celebrating its 20th anniversary. It brought together LGBTQ+ people of African, Asian, Caribbean, Latin American, and Middle Eastern descent joined by their other global enthusiasts and members. Among the thousands of attendees were many Ugandans who have found refuge and peace in the UK. For these individuals, the event was more than a celebration. It was a powerful act of defiance. It stood in stark contrast to the realities of their home country, Uganda, where a draconian Anti-Homosexuality Act was passed in 2023. This law includes severe penalties, with "aggravated homosexuality" punishable by death and other consensual same-sex acts by life imprisonment. The legislation criminalizes virtually every aspect of LGBTQ+ life, including advocacy and support for the community. Uganda is one […]
Uganda and Nigeria Forge Anti-Graft Alliance to Boost Trade
Nigeria’s High Commissioner to Uganda, Ambassador John Shama Shaga, has met with the head of the State House Anti-Corruption Unit, Brig Gen Henry Isoke, to discuss a joint effort to combat fraud. The collaboration is aimed at creating a safer investment environment and boosting bilateral trade between the two nations, particularly under the African Continental Free Trade Area.
Three Charged in Cattle Compensation Scandal
KAMPALA. Three suspects, including a politician and a UPDF soldier, have been charged with the theft of over UGX 1.5 billion from a government cattle compensation program in Uganda's Otuke District. The State House Anti-Corruption Unit (SHACU) announced the arraignment of the trio before the Otuke Magistrate’s Court following a joint investigation with the CID and the Office of the Director of Public Prosecutions (ODPP). The accused are identified as Akasa Jimmy Mokili, a politician; Okengo Jaspher, an LCIII Chairperson; and Sgt. Amoni Benz of the UPDF. According to reports from the Daily Secrets, this is part of a larger criminal scheme targeting vulnerable, often elderly, beneficiaries who lost livestock during the LRA insurgency and Karamoja cattle raids. The conspirators allegedly manipulated the bank account registration process, gaining access to victims' funds and either stealing the money outright or giving […]
Uganda Election Turmoil Looms: Warnings Abound
By RICHARD KIZZA LUGOBWA LONDON - As Uganda approaches the 2026 general elections, concerns over the integrity of the electoral process are intensifying following widespread malpractice during the ruling National Resistance Movement (NRM) party primaries last month. The primaries, held to select party flagbearers for parliamentary and local government positions, were marred by irregularities triggering a wave of concern across the political and civic landscape. Critics, civil society organizations, opposition politicians and observers fear that the widespread irregularities are a warning sign of deeper systemic electoral failures that undermine the credibility of next year's national polls likely to plunge the country into political turmoil. Multiple reports from civil society organizations, independent monitors, and local media have documented instances of ballot stuffing, partisan behavior by state institutions, voter intimidation, bribery, and violence during the NRM primaries. In numerous districts, party officials […]
Vitol, UNOC now accused of failure to protect petroleum products from adulteration, siphoning
In the wake of accusations of supply of adulterated petroleum products, now Uganda National Oil Company and VITOL Energy Limited are being accused of failure to protect fuel trucks from siphoning. Recent videos and images circulating on various social media platforms show individuals siphoning fuel from moving trucks within the city, an act which analysts say could spark deadly disasters. This newspaper understands that Uganda has in the past witnessed deadly accidents where people who tried to siphon fuel were killed when the fuel caught fire. Hotspots for fuel siphoning include Busia, Jinja, and Banda as well as Northern Bypass and Namuwongo area. Kampala police spokesperson Patrick Onyango told this newspaper they were investigating cases of fuel siphoning in the said areas. He warned those involved of severe punishment once arrested. VITOL-UNOC deal Vitol Energy partnered with the Uganda National […]
Why King Caesar Mulenga camp should go slow on shs1.8b entrepreneurship camp
KAMPALA: The ongoing National Resistance Movement (NRM) Entrepreneurs League elections have been marred by controversy, particularly surrounding claims made by the Ceasor Mulenga camp. According to sources, Mulenga's team has been spreading false information about injecting shs1.8b into the Entrepreneurs League SACCO. The Truth Behind the Claims A thorough investigation has revealed that these claims are entirely baseless. There is no evidence to suggest that Mulenga or his team has deposited any funds, let alone shs1.8 billion, into the SACCO. This lack of financial commitment raises serious questions about the credibility of Mulenga's campaign promises as he vies for the position of Chairman of the NRM Entrepreneurs League. Furthermore, when the Buganda and Kampala NRM SACCOs requested that Mulenga deposits funds into their accounts, he avoided doing so. According to Al Hajj Karim Karamagi, the contestant for CEC's Vice Chairman […]
Related
London: A Black Pride Haven
BY JAMES KABENGWA. LONDON. Queen Elizabeth Olympic Park was Sunday filled with the vibrant energy of UK Black Pride- celebrating its 20th anniversary. It brought together LGBTQ+ people of African, Asian, Caribbean, Latin American, and Middle Eastern descent joined by their other global enthusiasts and members. Among the thousands of attendees were many Ugandans who have found refuge and peace in the UK. For these individuals, the event was more than a celebration. It was a powerful act of defiance. It stood in stark contrast to the realities of their home country, Uganda, where a draconian Anti-Homosexuality Act was passed in 2023. This law includes severe penalties, with "aggravated homosexuality" punishable by death and other consensual same-sex acts by life imprisonment. The legislation criminalizes virtually every aspect of LGBTQ+ life, including advocacy and support for the community. Uganda is one […]
Uganda and Nigeria Forge Anti-Graft Alliance to Boost Trade
Nigeria’s High Commissioner to Uganda, Ambassador John Shama Shaga, has met with the head of the State House Anti-Corruption Unit, Brig Gen Henry Isoke, to discuss a joint effort to combat fraud. The collaboration is aimed at creating a safer investment environment and boosting bilateral trade between the two nations, particularly under the African Continental Free Trade Area.
Three Charged in Cattle Compensation Scandal
KAMPALA. Three suspects, including a politician and a UPDF soldier, have been charged with the theft of over UGX 1.5 billion from a government cattle compensation program in Uganda's Otuke District. The State House Anti-Corruption Unit (SHACU) announced the arraignment of the trio before the Otuke Magistrate’s Court following a joint investigation with the CID and the Office of the Director of Public Prosecutions (ODPP). The accused are identified as Akasa Jimmy Mokili, a politician; Okengo Jaspher, an LCIII Chairperson; and Sgt. Amoni Benz of the UPDF. According to reports from the Daily Secrets, this is part of a larger criminal scheme targeting vulnerable, often elderly, beneficiaries who lost livestock during the LRA insurgency and Karamoja cattle raids. The conspirators allegedly manipulated the bank account registration process, gaining access to victims' funds and either stealing the money outright or giving […]
Uganda Election Turmoil Looms: Warnings Abound
By RICHARD KIZZA LUGOBWA LONDON - As Uganda approaches the 2026 general elections, concerns over the integrity of the electoral process are intensifying following widespread malpractice during the ruling National Resistance Movement (NRM) party primaries last month. The primaries, held to select party flagbearers for parliamentary and local government positions, were marred by irregularities triggering a wave of concern across the political and civic landscape. Critics, civil society organizations, opposition politicians and observers fear that the widespread irregularities are a warning sign of deeper systemic electoral failures that undermine the credibility of next year's national polls likely to plunge the country into political turmoil. Multiple reports from civil society organizations, independent monitors, and local media have documented instances of ballot stuffing, partisan behavior by state institutions, voter intimidation, bribery, and violence during the NRM primaries. In numerous districts, party officials […]
Vitol, UNOC now accused of failure to protect petroleum products from adulteration, siphoning
In the wake of accusations of supply of adulterated petroleum products, now Uganda National Oil Company and VITOL Energy Limited are being accused of failure to protect fuel trucks from siphoning. Recent videos and images circulating on various social media platforms show individuals siphoning fuel from moving trucks within the city, an act which analysts say could spark deadly disasters. This newspaper understands that Uganda has in the past witnessed deadly accidents where people who tried to siphon fuel were killed when the fuel caught fire. Hotspots for fuel siphoning include Busia, Jinja, and Banda as well as Northern Bypass and Namuwongo area. Kampala police spokesperson Patrick Onyango told this newspaper they were investigating cases of fuel siphoning in the said areas. He warned those involved of severe punishment once arrested. VITOL-UNOC deal Vitol Energy partnered with the Uganda National […]
Why King Caesar Mulenga camp should go slow on shs1.8b entrepreneurship camp
KAMPALA: The ongoing National Resistance Movement (NRM) Entrepreneurs League elections have been marred by controversy, particularly surrounding claims made by the Ceasor Mulenga camp. According to sources, Mulenga's team has been spreading false information about injecting shs1.8b into the Entrepreneurs League SACCO. The Truth Behind the Claims A thorough investigation has revealed that these claims are entirely baseless. There is no evidence to suggest that Mulenga or his team has deposited any funds, let alone shs1.8 billion, into the SACCO. This lack of financial commitment raises serious questions about the credibility of Mulenga's campaign promises as he vies for the position of Chairman of the NRM Entrepreneurs League. Furthermore, when the Buganda and Kampala NRM SACCOs requested that Mulenga deposits funds into their accounts, he avoided doing so. According to Al Hajj Karim Karamagi, the contestant for CEC's Vice Chairman […]
Be the first to leave a comment