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Speaker Kadaga set to veto COSASE Chairman Munyagwa’s fresh BoU probe

Speaker of Parliament Ms. Rebecca Kadaga will rule weather a fresh inquiry into irregularities of central bank is necessary or not (FILE PHOTO)

KAMPALA – Following public uproar, the Parliament leadership has assured the country that Speaker Ms. Rebecca Kadaga will deliver a judgement on the fresh plot by committee on Commissions, Statutory Authorities (Cosase) to re-open investigations into central bank’s role in the controversial closure of commercial banks.

The Director for Communication and Public Affairs at Parliament, Mr Chris Obore told the media that Speaker Kadaga will use the rules of procedure to handle petitions in which concerned citizens are against a new probe into BoU affairs.

Mr. Obore said that Speaker who heads the Parliament has the final say on the House business include the Powers to block any businesses that aren’t in line with rules of procedure governing the House.

New COSASE boss Munyagwa faces public scrutiny over new fresh probe on Bank of Uganda. (PHOTO/PML DAILY)

Kawempe South MP Mubarak Munyagwa came under public scrutiny after some sections of commentators and concerned citizens petitioned the Speaker, accusing the new COSASE chairman and his deputy Ibrahim Kasozi the Makindye East MP of hatching a window to cover up issues contained in the old committee report made by their predecessors; the Bugweri County MP, Mr. Abdul Katuntu and Ms. Anita Amongi detailing the rot in the central bank.

Sections of MPs last week took on the new Committee of pushing for a fresh probe instead of pushing for the implementation of the existing Cosase report on irregularities in the closure of seven commercial banks.

Mr. Munyagwa recently appointed Mr. Kasozi, to head a sub-committee on the closed banks.

The Cosase report was presented by Mr. Munyagwa’s predecessor, Mr Abdu Katuntu, on February 21.

Former Chairperson of COSASE, Hon Dr. Abdu Katuntu consults with legislator Medard Ssegona. (FILE PHOTO)

The report was adopted by the House with recommendations on the culprits in the central bank and proposed a raft of reforms at Bank of Uganda.

These claim that Mr. Munyagwa is trying to give the culprits a second chance to table accountability for UGX 478 billion which they failed to account for in the first probe.

Some MPs have vowed to block the fresh investigations into BoU and called Mr Kasozi sub-committee “a conduit” designed to “sanitise the culprits” and help BoU officials “sneak accountability documents” to the office of Auditor General.

Mr Michael Bukenya recently petitioned Ms. Kadaga to block Mr.Kasozi’s from wasting tax payers’ money in re-investigating finished business.

“….this is to request you to prevail on said committee not to expand state resources (money and time) on re-examination which is outside its mandate,” he noted in a petition that was received by speaker’s office.

He also alleges that this is a syndicate and diversion created by Deputy Governor Louis Kasekende and Director Tullow Oil Jimmy Mugerwa to sabotage the previous findings of the former Chairman Abudu Katuntu.

Mr Chris Obore on has however noted that the speaker will use her powers to handle petitions in which concerned citizens are opposing a new probe into BoU.

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