Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has summoned the Central Bank Governor, Emmanuel Tumusiime Mutebile, to answer queries of loss of property during the closure of seven commercial banks.
The summons follows the failure by the Governor to appear before the Committee on three occasions.
This time, Cosase chairman says his committee will issue a warrant of arrest against Mutebile if he fails to honour the invite.
Munyagwa says the committee has powers to summon any Ugandan apart from the President.
Mutebile was invited to appear before the committee to answer queries of the loss of properties by some individuals during the closure of seven commercial banks between 1993 and 2016 which include Teefe Trust Bank, International Credit Bank, Cooperative Bank, Greenland Bank, Global Trust Bank Uganda, National Bank of Commerce and Crane Bank Limited.
The third attempt by the committee to interface with the Governor on Wednesday, 21 August 2019 was futile, and the legislators expressed frustrations, saying that he is stifling their work.
Committee Chairperson, Hon. Mubarak Munyagwa (FDC, Kawempe Division South) issued summons for the Governor to appear on 29 August 2019.
“The Governor has to appear in person. We don’t want his Deputy or a representative,” Munyagwa said.
Hon. Gideon Onyango (Ind., Samia Bugwe County South) said that the committee is interested in knowing what the Bank is planning for those who lost property when the banks were closed.
“Some of them have gone to court and won cases but Bank of Uganda has adamantly refused to listen to them,” said Onyango.
Hon. Mubarak Munyagwa the Kawempe South Member of Parliament got into office on febuary this year was been mocked by the public dismissing him as a joke who my not manage the committee on Commissions
