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Katuntu’s COSASE to start probing the ‘Famous’ shs6b presidential handshake tomorrow

Mulema Najib by Mulema Najib
8 years ago
in News
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By Najibu Mulema

The Parliamentary Committee on Statutory Authorities and State Enterprises (COSASE) chaired by Bugweri County Member of Parliament, Abdul Katuntu tomorrow on Tuesday is starting to probe into the controversial shs6 billion presidential handshake.

Last week, The speaker of Parliament Rebecca Kadaga mandated COSASE to handle investigations into the oil cash bonanza.

The oil cash bonanza sparked public outrage where 42 senior government officials were awarded the shs6 billion by President Yoweri Museveni for their role in a capital gains tax dispute, in which the government was awarded a total of $700m.

Many people including politicians came out to criticize the bonanza saying it was too unrealistic for officials who almost did nothing to settle the case since Uganda hired foreign law firms to take on the case.

The outrageous issue prompted parliament to probe into the matter but before doing so, Deputy Chief Justice Steven Kavuma issued an interim order prohibiting parliament, any person from investigating the cash bonanza.

However, early last week President Museveni summoned members of parliament from the NRM faction to State House, Entebbe so that they can discuss through the ongoing oil cash saga.

During the meeting, President Museveni denied any wrong doing as long as the bonanza is concerned. However, he cautioned of some people to have infuriated to the list yet they were not supposed to feature in the sharing.

He gave the legislative body a go ahead, to investigate on the whole issue since he also sensed some loopholes.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
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