Uganda’s MPS to visit Libya over Uganda Telecom mismanagement
Uganda’s parliamentary select committee, which is investigating mismanagement at Uganda Telecom (UTL), will soon travel to Libya in line with the inquiry.
LAP-Green, a subsidiary of Libyan Post, Telecommunication and Information Technology Holding Company holds 69% majority shareholding in UTL while the Ugandan Government holds a minority 31%.
Uganda’s MPs will interface with some of the company’s board members who live in Libya and also perform other duties connected to the probe. The MPs will also travel to Dubai on a similar mission.
Uganda Telecom has for long been in a financial crisis and there are claims that the Libyans are seeking to sell its shares to a US Based Investor, reported media outlets in Uganda.
Last week, the committee toured the UTL assets in Mukono and Tororo districts and found that some of the company land had been sold off illegally.
Libya has been trying to solve the issue and claim ownership of the right percentage of the UTL since 2012.