Minister Evelyn Anite does not have the ground to remove UTL Administrator Bemanya – Insolvency experts.
Insolvency experts have spoken out following the Uganda Telecom controversy. According to experts firing of the Uganda Telecom Administrator will cause serious troubles to UTL which is already struggling.
Experts say, Bemanya Twebaze is in line with his command and cannot be easily fired as thought.
This followed the State Minister for Investment’s directive Evelyn Anite, instructing the Attorney General, William Byaruhanga to sack the Administrator of Uganda Telecom Limited, Bemanya Twebaze over failure to manage UTL Company.
“Minister we ask you to be better adviser! the reason why you have not been in control of the Telecom is that UTL has a financial obligation that predates administration. Once you do that then trust them to do them. UTL has some real core assets that can give them a huge leap,” Robert Kirunda, expert insolvency said.
“By my reading, the acting shareholder cannot move the removal of the Administrator. The Act state out who can move the removal of the Administrator and why? By my reading of this section, unfortunately, the Ministry of Finance is a shareholder in UTL and right now as I have read in the media, it does not have the ground to sack the Administrator,” kirunda added.
Kabiito Karamagi, a renowned Insolvency expert as well opposed Kirunda’s argument saying UTL cannot survive beyond the scrambles it experiences now which require urgent attention.
“This kind of disarray leads to uncoordinated movement within government Agencies. It just makes you wonder how long UTL can hold on,” Karamagi said.
Nevertheless, the two experts agreed that government, shareholders entrusted Twebaze to manage UTL during the signing of the Administration Agreement.
“As the Minister who is in control, she could have known that, when she was signing off the administration process,” Karamagi said.
“It’s only the company and the Administrator, the shareholder is not in control, the Directors are not in control, the Administrator is and he should be,” said Kirunda.