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abdu katuntu
Mr Abdu Katuntu chairs a COSASE meeting recently. Courtesy photo

I didn’t Request to Continue Chairing COSASE - Katuntu

Katuntu said he wanted to clear the air following widespread reports that he wanted an extension of his tenure as committee chairperson to complete the probe
posted onJanuary 8, 2019
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By Kampala Post Reporter

PARLIAMENT. Bugweri County Member of Parliament Abdu Katuntu has said that his team did not request to continue steering the committee on Commissions, Statutory Authorities and State Enterprises (COSASE), as soon as his successor is announced by the Speaker.

He made the statement as the committee resumed investigations into circumstances under which the Central Bank closed and sold seven commercial banks between 1993 and 2016.

The banks include Teefe Trust Bank, International Credit Bank Ltd, Greenland Bank, Uganda Co-operative Bank, National Bank of Commerce, Global Trust Bank and Crane Bank Ltd.

Katuntu said he wanted to clear the air following widespread reports that he wanted an extension of his tenure as committee chairperson to complete the probe.

Speaker Rebecca Kadaga said last week that the current leadership of the committee will only hand over the office after completing the ongoing probe proposing an extension of Katuntu's tenure from January 13 to the end of February in order to ensure that the work of parliament is done smoothly.

Meanwhile the Forum for Democratic Change (FDC) insists that Kawempe South MP Mubarak Munyagwa will take over the leadership of Cosase. 

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