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FDC, Kadaga Agree To Let Katuntu Led COSASE Complete BoU Probe

The top leadership of Parliament led by Speaker Rebecca Kadaga and Forum for Democratic Change (FDC) have agreed to leave the current leadership of the Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) led by Abdu Katuntu as Chairperson to complete investigations into closure of seven defunct banks by the Central Bank, reliable sources say.

The meeting took place today in Speaker’s boardroom at Parliament. This follows FDC’s objection to the extension of Katuntu’s tenure after it expired on January 13, 2019 yet Speaker wanted it extended to allow the old leadership complete Bank of Uganda (BoU) probe over the controversial closure of seven defunct banks.

Katuntu was late last year replaced by FDC with Kawempe South MP, Mubarak Munyagwa and deputized by Rubaga North MP, Moses Kasibante.

Speaking to journalists today, Leader of Opposition, Betty Aol revealed that the two sides had come to an agreement and the meeting scheduled between COSASE and former owners of closed banks was to go ahead, which hinted at the fact that Katuntu was to continue with the probe.

“We have finished our dialogue and speaker will be the one to make the pronouncements. We tried to explore a lot of options so the best option will be announced by her on the floor of Parliament in the plenary, I believe it will be tomorrow because today, she has also been busy and we have also been busy in Commission’s meeting,” Aol said.

She however remained tight lipped on details of the meeting asking journalists to wait until tomorrow afternoon when Speaker would make the official announcement.

“I will implore you to wait for tomorrow. You will get that option which will take care of our interests as Opposition and will take care of the institution of Parliament. You know COSASE is our Committee, it is a Committee which is headed by the Opposition, so we don’t  want to water down anything, we explored many options and came out with one and we agreed it is the Speaker who will make the pronouncement on it in plenary,” she added.

The meeting was attended by Wilfred Niwagaba who acted as Deputy Whip, Speaker Kadaga, her deputy, Deputy Speaker Jacob Oulanyah and LoP.

Sources privy to the discussions of the meeting showed that the two sides agreed to have the Katuntu team carry on the Bank of Uganda probe until the 15th  February as opposed to the 20th  February 2019 that had been earlier announced late last year by the Speaker.

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