Hon Abdu Katuntu the chairperson of the parliamentary Committee on Commissions, Statutory Authorities and State Enterprises has rejected president Museveni’s plea to probe Bank of Uganda officials in camera.
Katuntu says if the probe is held in private, it would lead to speculations in public.
“It isn’t that we aren’t aware of potential dangers of the probe to the banking sector if we become reckless, but I would like to comfort the President that reckless isn’t in our name in this process,” Katuntu said.
This followed after President Museveni view that bank of Uganda officials should be investigated quietly not send a wrong signal to outside world that Uganda has problems which cannot be solved.
The Bugweri county legislator however notes that the probe is not aimed at hurting the Central Bank and the banking sector but to make Uganda a better country free from corruption, abuse of office and fraud within government departments.
“We owe it to the public, if we lock ourselves in a room, it leads to speculation and remember at the beginning of this process, there was a lot of speculation,” He said.
COSASE is currently investigating BoU officials on the sale of seven former banks.