As an inquiry by the parliamentary committee on commissions, statutory authorities and state enterprises (COSASE) into alleged irregularities in the closure of seven commercial banks enters a critical stage, Speaker of Parliament Rebecca Kadaga has asked the Leader of Opposition in Parliament (LOP) to consider extending the tenure of the committee’s current leadership to allow it complete the inquest.
For the last one month, COSASE has been conducting an inquiry into Bank of Uganda’s role in the closure of the banks.
The tenure of COSASE chairperson, Abdu Katuntu (Bugweri County) and his deputy Anita Among (Bukedea Woman) expired last week.
In August, the president of the opposition Forum for Democratic Change (FDC) party, Eng. Patrick Amuriat Oboi, made a raft of changes in opposition ranks at Parliament including replacing Katuntu with Mubarak Munyagwa (Kawempe South) and Among with Moses Kasibante (Rubaga North) .
“The inquiry is at a critical stage and change of leadership will jeopardise the inquiry. I have written to the Leader of Opposition to extend the tenure to February 20, 2019,” Kadaga said.
One of the standing committees of Parliament, the term for leadership and membership of COSASE is two-and-a-half years unless extended. The extension of the tenure of the committee leadership without necessarily getting a fresh mandate would be a novelty