MINISTER SYDAH BBUMBA WAS CAUGHT UNAWARE TO SIGN OIL AGREEMENT

By Newsroom

Former Minister of Energy Sydah Bbumba shocked Members on the Parliamentary Committee of Commissions, State Enterprise and Statutory Authority (COSASE); when she revealed that she simply signed a tax waiver for Tullow Oil Company without reading through the Production Sharing Agreement.

Now Minister for Gender, Labor and Social Development, Hajat Sydah Bumba told the committee chaired by Abdul Katuntu that she was advised by the Solicitor General to sign the documents on her desk that exempted Tullow Oil a sum of USD 157M in tax but she didn’t know that she was waiving.

In her defense, Bbumba said she was advised by the Solicitor General to sign the documents on her desk but she didn’t know that she was waiving tax from Tullow Oil Company.

However, Katuntu expressed concern that the Minister was advised by people who to him were either incompetent or deliberately misled her for their personal interests, causing the country an USD157Million loss.

COSASE is in her final touches on the infamous 6 billion shilling presidential handshake investigations.