The Parliamentary Committee on Commissions, Statutory and State Enterprises (COSASE) has today July 28, 2016 demanded for a list of properties sold by officials at the Uganda Railways Corporation (URC).

Abdu Katuntu the Iganga Municipality MP who is also the Parliamentary Committee Chairperson on Commissions, Statutory and State Enterprises.

Abdul Katuntu, the Committee Chairperson and also Bugweri Member of Parliament ordered officials from URC to produce a list of assets showing the prices at which these properties have been disposed off.

During a meeting between MPs Committee and the officials of URC led by their Managing Director, Charles Kateeba, the MPs were shocked to learn that URC sold off assets of the Corporation but did not keep an asset register showing what has been sold and at what price.

The committee is probing non-valued assets, unserviced loans and trade and payables worth over 144 billion shillings as reflected in the Auditor General’s report of the financial year 2014.

Katuntu and Busiro East Member of Parliament, Medad Segoona, noted that although the privatization unit gave the corporation a list of assets sold off, the asset register has never been updated for transfer.

While responding these queries Kateeba said that some of the queries should be directed to the privatization unit since most of the work for the corporation is generated from there.