Speaker halts Parliament’s probe into Central Bank

OulanyahThe Rt. Hon. Deputy Speaker of Parliament, Jacob Oulanyah, has deferred a move by the House to constitute a Select Committee to investigate Bank of Uganda over its alleged failure to supervise Crane Bank.
Last week, Budadiri West MP, Hon. Nandala Mafabi moved a motion for Parliament to establish a Select Committee to carry out an investigation on the Central Bank and its officials for failing to effectively supervise the performance of Crane Bank. Mafabi claimed that BoU officials gave false information that Crane Bank was the third best operating bank in the country and that it was in good financial health.
“Despite the Bank of Uganda being equipped with rigorous mechanisms for supervision of commercial banks, there have been reports that there was mismanagement of Crane Bank,” Nandala said last week.
Parliament did not take a decision on the matter last week.
During a sitting on Tuesday, 1st August 2017, Oulanyah said that the Rules of Procedure of Parliament prohibits a Member from referring to any particular matter, which is already before the courts of law.
“The issue to determine is whether it would be sub-judice for Parliament to debate and investigate the affairs, circumstances and the culpability of Bank of Uganda and all individuals involved in the management and closure of Crane Bank,” he said.
Sub-judice means that a particular case or matter is under trial or being considered by a Judge or Court.
The Deputy Speaker said that he had received a letter from the Governor Bank of Uganda, Mr. Emmanuel Tumusiime Mutebile indicating the court cases in which the Central Bank was involved. The Governor said that the proposed investigation by Parliament was sub-judice in so far as it relates to matters already before court.
The letter further indicated that a parallel investigation by Parliament in the alleged mismanagement of Crane Bank and the roles, if any, of Bank of Uganda and/or its officers would prejudice a fair trial and determination of the pending cases.
The Deputy Speaker told the House that he found merit in the concern by the Governor but said the House would keep observing the progress of the cases in court for possible review of the House decision.
“Let us keep monitoring the progress of these matters before court and where necessary, Parliament can review the matter,” Oulanyah said.

Address

 

Parliament of the Republic of Uganda.

Plot 16-18 Parliament Avenue

P.O BOX 7178, Kampala, Uganda.

Tel: +(256) 414 377 000/150.

Fax: +(256) 414 346 826.