Speaker Oulanyah Halts Parliamentary Investigations into Bank of Uganda
The Deputy Speaker of Parliament Jacob Oulanyah has stopped parliament from investigating Bank of Uganda and the circumstances leading to the closure of Crane Bank Limited.
Oulanyah decided on Tuesday, against a motion that was tabled on the floor of the House last week by Budadiri East MP Nandala Mafabi urging Parliament to set up a select committee to look into possible failure by the Central Bank to supervise the operations of Crane Bank.
He said after the motion was tabled, he received two letters on Friday; one from Bank of Uganda and the other from its lawyers of MMAKS Advocates.
After analyzing the subjudice rule, Oulanyah ruled stopping any committee including COSASE from investigating Bank of Uganda.
“I rule that the proposed Parliamentary investigations into the affairs, circumstances and culpability of Bank of Uganda and all individuals in the management and closure of Crane Bank could be subjudice. Let us keep monitoring the progress of the matters before Court and if necessary, review the matter.”