• EDITORIAL POLICY
  • ABOUT US
Monday, April 12, 2021
PML Daily
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home NEWS

MPs vow to continue with BoU probe amid Museveni fears

XANTHIA LENI | PML Daily Correspondent by XANTHIA LENI | PML Daily Correspondent
December 11, 2018
in NEWS
0 0
41
VIEWS
FacebookWhatsAppTwitter
simbatelecom simbatelecom simbatelecom
Chairperson of the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE), Abdu Katuntu (L) has vowed to continued with the BoU probe amidst remarks made by President Museveni (FILE PHOTO)

KAMPALA – Abdu Katuntu, the Chairperson of the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has vowed to continue with the public inquiry into the affairs of the Central Bank despite President Museveni’s call to have the probe into the closure of the seven defunct Banks by Bank of Uganda held in confidentiality, saying this would lead to speculations in public.

But Mr. Katuntu has on Tuesday, in response to the president maintained the probe is in public interest and will continue.

The COSASE Chairperson explained: “It isn’t that we aren’t aware of potential dangers of the sector if we become reckless but I would like to comfort the President that recklessness isn’t our name in this process.”

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

Mr. Katuntu said that unlike fears in public, the probe isn’t aimed at hurting the institution but instead, it will make Bank of Uganda better, “We owe it to the public, if we lock ourselves in a room, it leads to speculation and remember at the beginning of this process, there is a lot of speculation.”

While launching the new State House Anti-Corruption Unit at Kololo Independence Grounds on Monday, President Museveni said that although he approves of the decision by Parliament to probe the Central Bank, there is need to have the matters held behind closed doors.

The President said: “I think the procedure is wrong, because this is Bank of Uganda if you want to investigate it, why don’t it quietly not in camera because you can investigate in camera so that what people see is action, not endless arguments. I think the inquiry is good, they should inquire, but they are doing it the wrong way. I haven’t had time to speak to the Speaker.”

Comments

Tags: BOU InquiryCOSASEtop

Related Posts

MP Muhammad Nsereko and his rival Fred Nyanzi respectively (PHOTO/File).
NEWS

Bobi Wine’s brother suffers another setback in election petition against MP Nsereko

April 12, 2021
21
CP Fred Enanga, the Police Spokesperson addressing press at Uganda Media Center on Monday (PHOTO/Courtesy).
NEWS

How police tracked, arrested suspects in robbery of Chinese nationals

April 12, 2021
76
Minister Rukutana now faces robbery charges (PHOTO/Courtesy).
NEWS

Rukutana election violence case adjourned

April 12, 2021
42
President Museveni signing Oil Pipeline agreement
NEWS

French oil company, Total accused of ignoring climate risks as investment decision is signed for crude oil pipeline in East Africa

April 12, 2021
84
South African High Commissioner to Uganda, H.E. Lulama Mary-Theresa Xingwana (C) flanked by the Vice Chancellor, Prof. Barnabas Nawangwe (L) and First Secretary:Political, Mr. A.E. Munaka (R) after the meeting on 9th April 2021, CTF1, Makerere University (PHOTO/Courtesy).
NEWS

South African Ambassador to Uganda Xingwana meets Makerere’s Nawangwe, discuss next Mandela lecture

April 12, 2021
205
ICT Minister Judith Nabakooba addressing press at Uganda Media Center on Sunday (PHOTO/Courtesy).
NEWS

Govt threatens tougher punishment for exam malpractice as S.6 candidates begin today

April 12, 2021
72

Advertisement






 

 

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2021 PMLDAILY.COM.

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2021 PMLDAILY.COM.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In