Saturday, April 20, 2024
Home > Banking > Lawyer Wants IGG to Investigate Wealth Of BoU’s Bagyenda
BankingFeaturedNews

Lawyer Wants IGG to Investigate Wealth Of BoU’s Bagyenda

Justine Bagyenda

Justine Bagyenda, the Executive Director in charge of Supervision at Bank of Uganda (BoU) has been on the hot seat since the controversial takeover of Crane Bank by Uganda’s  Central Bank in October last year.

She has been accused of sleeping on her job as the then  4th largest bank by assets went under.

The latest  is that Denis Nyombi ,a lawyer from Denis Nyombi & Co. Advocates on Wednesday petitioned the office of the Inspector General of Government (IGG) asking for investigations into the wealth of Bagyenda.

Nyombi claims to be privy to information that Bagyenda under declared her assets and liabilities to the IGG, contrary the Leadership Code Act, 2002.

He says he has documents linking Bagyenda and other officials in the directorate of supervision at the Bank of Uganda to several properties yet they earn a gross monthly salary of less than Shs32m.

“Pursuant to the Whistle Blowers Protection ACT, 2010, any person with information that can be helpful in the fight against corruption and fraud is encouraged to present his case and that’s why I petitioned,” Nnyombi said, adding that Bagyenda should be investigated for prosecution over incompetence and possible corruption and fraud in relation to the ongoing saga between BoU and Crane Bank proprietor Sudhir Ruparelia.

Some of the properties in question are alleged to be in Naguru, Bukoto and Kungu area in Kira municipality.

According to Nyombi, a meeting has already been scheduled between him and the IGG over the matter.

Leave a Reply

Your email address will not be published. Required fields are marked *