Group Petitions Kadaga To Stop Second COSASE BoU Probe

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Kakulu Sam Brian, a student pursuing B.A and Law at Uganda Christian university

The speaker of parliament, Rebecca Kadaga has been asked by a group of 100 concerned Ugandan citizens to stop the new committee on commissions, statuary authorities and state enterprises (COSASE) led by Mubaraka Munyagwa from reinvestigating Bank of Uganda because the previous COSASE leadership under Abdul Katuntu did a good job conclusively and filed a report.

Under the chairmanship of Mubaraka Munyagwa, new committee on commissions, statuary authorities and state enterprises (COSASE) is pondering reinvestigating the manner because the central bank has submitted new defense evidence.

Critical during the investigation by the old COSASE under Abdul Katuntu was the Shs478 billion that the central bank official failed to account for during the first probe. The said money was spent by the central allegedly to work out a way to save Crane Bank from collapse something they failed to do.

The group led by  Kakulu Sam Brian, a student pursuing B.A and Law at Uganda Christian university  says the new chairperson of COSASE, Honorable Mubaraka Munyagwa is trying to play on the minds of fellow legislators, to give DR. luis Kasekende chance  to table accountability of Shs478 billion which BOU failed to account for in the first.

The petition also demanding the speaker to fire Mubaraka Munyagwa from the chairmanship of COSASE if he has started to connive with BOU officials to bring back the investigations instead of implementing the recommendations made by Abdu Katuntu’s investigations.

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