How State House pushed Kadaga to authorize fresh probe on BOU

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Six weeks ago when Mubarak Munyagwa’s leadership of the parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) initiated plans to reopen fresh Bank of Uganda investigations, the request was firmly rebuffed by parliament speaker Rebecca Kadaga.

However, her surprise U-turn to give a green light to COSASE to re-open a new probe into the central bank’s closure of commercial banks has raised several questions and may have far-reaching implications.

Kadaga wrote to the committee on July 26, almost six months after the Abdul Katuntu-led committee wrapped up a similar investigation and submitted its report to parliament.

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