The Ministry of Finance has failed to give Parliament a final date when the Privatization Unit will wind up its operations although it was supposed to be closed by the year 2014.

The MPs on the Public Accounts Committee Chaired by Angelina Ossege were questioning the ministry of finance for the diversion of 1 billion shillings to Privatization Unit from Uganda Development Bank funds meant for Agriculture Credit Scheme without Parliament’s approval.

Aston Kajara, the minister in-charge of Privatisation.

MPs noted that the privatization divestiture account has no money to run the unit which caused the ministry of finance to divert 1 billion shilling for privatization operation.

The legislators say that privatization unit needs to be closed since most of its work of privatizing government property completed and it’s a dead organization on basis that it has no funds to run its remaining work.

They added that government could be delaying closing the privatization unit with a hidden agenda.

The Director in-charge of Privatization Unit in the Finance Ministry, Moses Mwase told MPs on the committee that the ministry is still consulting cabinet on when this unit will be closed although its staff was down sized and remained with 15 staff only.