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Don't Accept to Pay Bribes, Museveni Tells Investors

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Don't Accept to Pay Bribes, Museveni Tells Investors NATIONAL NEWS NEW VISION, Monday, May 1, 2017 3 Govt appoints new administrator for UTL By Ronald Mugabe enable it get back on its feet. “This sort of situation of The Government has obtained being under a heavy weight of a court order to shield Uganda liabilities informed the process Telecom (UTL) from its of getting an administrator creditors. It has also appointed to supervise the company’s an administrator to head all dealings in a bid to revive it,” operations geared towards he stated. reviving the now entirely This move by the government-owned telecom Government, according to company. Kaboyo, means that the assets This was announced by of the company are protected state minister for privatisation from creditors to facilitate and investment Evelyn Anite efforts of a turn-around. during a press briefing held “This will enable flexibility at the finance ministry’s in terms of creating room for headquarters on Friday. the company to be under less “In order to act in the best pressure as internal workings interest of all stakeholders in terms of the future of UTL (UTL subscribers, go on,” he explained. shareholders, Government UTL found itself in this of Uganda, employees, staff, situation after UCOM Ltd, the creditors and the public), the largest shareholder, pulled Government decided to initiate out on February 25 this year, the process of obtaining a court forcing five of its directors who order and has indeed obtained were previously charged with it,” the minister stated. managing the company, to Asked who the new resign. administrator would be, Anite revealed that Bemanya Twebaze, the chief executive President Museveni (right) meeting ROKO Construction managing director Mark Koehler (middle) and ROKO officer of the Uganda chairperson Jean Koehler at State House Entebbe on Friday. PPU Photo Registration Services Bureau (URSB), was effective from Friday appointed to take over the reins at UTL. “As the official government administrator, he is the one we appointed to administer Don’t accept to pay the affairs of UTL as per the court order obtained. The administrator will, within a Bemanya, the new UTL period of about a month, point administrator out measures of addressing the outstanding challenges of UTL, “After this occurrence, including the big financial UCOM Ltd indicated to the gap,” Anite explained. Government that they would bribes, Museveni “Rather than let the company no longer fund the company go into liquidation, the and we realised that as the Government in the prevailing minority shareholder, we were circumstances opted to get all left to ourselves. We had no the court order to act as a seal choice but let the Government to protect the company. The to take the decision not to Government is committed to let the company go down. tells investors use every effort within the We took over the mantle of law and in accordance with managing the company in the international best practices to interest of all stakeholders and rescue UTL and maintain it. Uganda at large,” Anite added. All stakeholders are requested “We are going to do By Vision Reporter PRESIDENT’S ASSURANCE Roko is renowned internationally in to co-operate with the everything within our means the sector of construction, especially administrator. The company to ensure UTL stays afloat. We President Yoweri Museveni has once the erection of buildings. In Uganda, will continue trading and want to appeal to everyone again cautioned investors in the Make sure you do not give its local works date way back to 1969. providing services as usual in relation with UTL to work country not to accept to pay bribes to The company constructed Bank of under the close supervision of with us to enable the company anyone. bribes. You have seen those I Uganda headquarters, Crested Towers, the administrator,” she added. continue its operations. With “Make sure you do not give bribes. Workers’ House, Nalukolongo railway In the wake of the news that all the planned government You have seen those I have arrested have arrested and many are workshop and Mapeera House, the the company was struggling, interventions, UTL will turn and many are on the list,” the President headquarters of Centenary Bank. the Government took the step around in a bigger way and said while meeting the Honorary on the list to ascertain that the liabilities thrive beyond expectations,” Consul of Switzerland, Mark Koehler, Minister Kabafunzaki of the firm superseded its she promised. who is the managing director of ROKO Kabafunzaki, 46, also MP Rukiga assets. It remains to be seen how Construction Limited on Friday. He was Albertine area worth $6b. He also County, who is out of jail on bail, was According to Anite, UTL’s the company will manage to in the company of other dignitaries. noted that the Kampala-Jinja highway arrested at Kampala Serena Hotel by assets are worth sh148b, sail through the rough waters President Museveni recently construction will be under the same security operatives on allegations that while the liabilities stood at a of the competitive telecom suspended the labour state minister project. he received a bribe from Aya Group staggering sh700b. industry. On this, Kaboyo Herbert Kabafunzaki, who is battling “Without compromising quality chairman Mohammed Hamid. The court order was obtained stated that a three-year turn- three corruption-related offences. of work, Roko Construction should According to prosecution, it is alleged to get an administrator in place around business strategy has According to a statement issued construct two or so roads among that Kabafunzaki directly solicited a and he moved in immediately. been built and has already from State House over the weekend, them. I will happily support Roko sh15m bribe. The money was allegedly “All the affairs of UTL will been approved by the board during the meeting at State House, Construction’s road works in the a gratification from Hamid, in exchange from today henceforth be and the Government. Entebbe, President Museveni said his country,” Museveni was quoted as for clearing his (Hamid’s) name from handled by the administrator “The strategy will call for the government has for a time embarked saying. allegations of sexual harassment by a and the administrator will refocusing of all operations. on the ‘link roads’ effort to all the Koehler, on his part, said he is willing former Aya employee. be the official government One of the key things that will districts countrywide at government to invest in Uganda’s infrastructure in Prosecution alleges that the minister administrator,” the minister lead this strategy is pointing cost. partnership with the Government in directly accepted sh5m as gratification confirmed. towards a data-centric mode He disclosed that there is now an order to realise long-lasting structures, to clear Hamid’s name. The offence Stephen Kaboyo, the board of operation. We will focus on urgent need to build eight access and using local materials and local carries a 10-year jail sentence or a fine chairman of UTL, said despite data and all the other forums major roads in the oil fields in the manpower. of sh4.8m or both. all the shortcomings, the where we have comparative company still has a substantial strength, especially the fixed portfolio of assets that will line,” he elaborated. .
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