COSASE lends its hand to illegality

COSASE lends its hand to illegality

The 1995 Constitution guarantees that no Ugandan shall be deprived of life, liberty, or property without due process of law. As long as a citizen abides by the law, he or she should not be in trouble. But what if you’re apprehended by authorities for some reason – or in a Parliamentary committee, like the […]

Abdu Katuntu ‘trusts’ embattled Bagyenda

Abdu Katuntu ‘trusts’ embattled Bagyenda

The former Bank Supervision Director Justine Bagyenda is expected before the Parliamentary Bank of Uganda probe today. The committee on commissions statutory authorities and state enterprises extended Bagyenda’s summons when she failed to show up last week on Thursday. Bagyenda through her lawyers requested the committee allow her time to return from the United states […]

Bagyenda sneaks back into the country, goes to Parliament

Bagyenda sneaks back into the country, goes to Parliament

Former Bank of Uganda Director for Commercial Banks Supervision Justine Bagyenda has appeared before Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) after skipping three summons. Bagyenda is one of the Bank of Uganda (BoU) officials being questioned for the irregular closure of seven commercial banks in Uganda. Last week, the central bank’s head […]

Justine Bagyenda reportedly axed

Justine Bagyenda reportedly axed

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 “… […]

Bagyenda money laundering investigations to take time – top govt official

Bagyenda money laundering investigations to take time – top govt official

The Financial Intelligence Authority (FIA) has this week come under fire after media reports indicated that they had disregarded investigations into allegations of money laundering by former Bank of Uganda Executive Director (Supervision), Justine Bagyenda. FIA boss Sydney Asubo has come out to defend the institution, saying the money laundering investigations take time. Asubo’s assurances […]

Does the Financial Intelligence Authority fear to probe Justine Bagyenda

Does the Financial Intelligence Authority fear to probe Justine Bagyenda

Financial Intelligence Authority (FIA) is under intense pressure for failure to probe into the matters of Former director supervision Bank of Uganda Justine Bagyenda in which she is accused of money laundering. Early this year, many people including members of parliament tasked the IGG and FIA to look into the matters in which the sacked […]

Scandal implicating ex BoU director Justine Bagyenda draws renewed attention, DFCU owe Sudhir up to Shs600 billion

Scandal implicating ex BoU director Justine Bagyenda draws renewed attention, DFCU owe Sudhir up to Shs600 billion

The fight with Bank of Uganda Governer Emmanuel Tumusiime Mutebile has lifted the lid off his no sacked Executive Director of supervision Justine Bagyenda’s alleged role in the controversial Crane Bank transaction. Documents that Bagyenda previously kept under lock and key have leaked raising questions over the deal and sparking off fresh suits. Key amongst […]

BoU’s Justine Bagyenda to be grilled, IGG says

BoU’s Justine Bagyenda to be grilled, IGG says

The Inspector General of Government (IGG) is to probe the Bank of Uganda Executive Director in charge of supervision, Justine Bagyenda over possible links to corruption, tax evasion and fraud, Eagle reported on Wednesday. Denis Nyombi ,a lawyer from Denis Nyombi & Co. Advocates had petitioned the office of the IGG asking for investigations into […]