Kadaga asks LOP to extend Cosase tenure

Written by on December 21, 2018

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The Speaker of Parliament Rebecca Alitwala Kadaga has written to the Leader of Opposition in Parliament Betty Aol Ochan requesting her to extend the tenure of the Parliamentary committee on Commissions, State Authorities and State Enterprises (Cosase) to February 20,  2019.  According to the speaker the request is to enable the committee complete its investigations into the alleged illegal closure of the seven defunct banks.   Cosase chairperson Abdu Katuntu Katuntu on Thursday informed officials of Bank of Uganda that the top leadership of parliament has written to LOP Betty Aol Ochan requesting for an extension of the tenure of the committee.   The tenure of the current leadership of the committee that is chaired by Bugweri County legislator Abdu Katuntu and deputized by Bukedea Woman MP Anita Among ends on the 13th of January 2019 and will be replaced by Mubarak Munyagwa and Moses Kasibante as chairperson and vice chairperson.  Meanwhile the the committee has tasked the office of the Auditor General to carry out a thorough audit into the 478 billion shillings that Bank of Uganda injected into the liquidity of Crane Bank Limited.  The officials from bank of Uganda also faced the wrath of the committee members on why they wrote to the management of crane bank limited restricting them from lending money, opening up accounts, paying directors salaries, increasing the staff salaries and opening up new branches.


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