Munyagwa and his Makindye East colleague, Ibrahim Kasozi.

All is not well between the Chairperson of Parliament’s Committee on Commissions, State Authorities and State Enterprises (COSASE) Mubarak Munyagwa and his deputy Makindye East MP Ibrahim Kasozi, sources say.

Sources allege Munyagwa and Kasozi are fighting over money, which the former received from Rajiv Ruparelia and Bank of Uganda (BoU) Deputy Governor Dr Louis Kasekende to favour them respectively in regard to fresh probe of BoU over the closure of commercial banks which included defunct Crane Bank Limited (CBL) that was part of the Ruparelia Group.

It is said Kasekende gave Munyagwa the money to push for a fresh audit of BoU and especially on Shs478 billion allegedly injected in CBL while in receivership before it was sold its rival DFCU Bank at Shs200 billion. A fresh probe would help Kasekende and other top officials at BoU to clear their names after the first probe exposed in the irregular closure of banks and suspected corruption.

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On the other hand, it is said Munyagwa received the money from Rajiv (one of the shareholders of (CBL) well knowing the probe would not go on while at the same time he appointed Kasozi to head a select subcommittee to carry out a fresh probe but which has been rejected by Speaker of Parliament Rebeca Kadaga, leaving Kasozi a disappointed man. Kadaga said a new probe is not only a duplication of work of the first probe but also a waste of time and resources, moreover violates the House rules of procedure.

Sources say Ruparelia Group is awaiting the implementation of recommendations forwarded to government as regards closure of CBL and other banks while a new probe would be a disadvantage to them.

Days ago MP Kasozi was on airwaves saying no matter what his select subcommittee would go with the fresh probe BoU, arguing that more people and institutions have presented petitions against BoU.