Justine Bagyenda reportedly axed

Justine Bagyenda reportedly axed
Eazzy Banking

Embattled former director of supervision at the Bank of Uganda (BOU) Justine Bagyenda’s tenure as a board member the Financial Intelligence Authority (FIA) could be over.

Media reports on Tuesday said Finance Minister Matia Kasaija had bowed to pressure and dropped the appointment of Justine Bagyenda.

Eagle quoted a Ministry of Finance, Planning and Economic Development source claiming that “… if she did remain, it would be bad for the board.”

She had in May 2018 been re-appointed for a second term despite facing an investigation by the Inspector General of Government (IGG) over allegations of illicit accumulation of wealth while a motion demanding that a Select Committee be set up to investigate the operations of Bank of Uganda and her role in the closure of Crane Bank is on the Order Paper.

The ministry is yet to issue a public statement on whether that Bagyenda was dropped this morning or not by Kasaija.

Last month, there was an uproar in the public and parliament when legislators learnt Kasaija had nominated Ms.Bagyenda to serve her second term on FIA board yet she was a subject of investigations.

The legislators fumed when they heard Kasaija had nominated Bagyenda when she had been relieved of her duties at BoU by Governor Tumusiime Mutebile in February 2018 in a major internal staff transfer that saw her replaced by Dr Tumubweine Twinemanzi.

Following public outcry, on August 9, Kasaija said that he was ready to withdraw the nomination of Bagyenda to serve as a board member of the FIA should Parliament decline to vet her on moral grounds being that, she is still under investigations.


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