Wednesday, June 20, 2018
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Youth Group Petitions Rugunda Over FIA’s Failure To Investigate Bagyenda’s ‘Illicit’ Wealth

A youth advocacy group has petitioned Prime Minister, Ruhakana Rugunda, urging him to rein in on Financial Intelligence Authority (FIA) after it allegedly discarded public outcry to investigate Justine Bagyenda’s ‘illicit’ wealth.

Bagyenda is a former Bank of Uganda (BoU) Executive Director in charge of Supervision.

In a letter dated May30, 2018 0batined by Business Focus, Youth Power Research Uganda (YPRU), a group advocating for social and economic empowerment of youth, claims that FIA  has not lived up to the expectations of Ugandans in regard to investigating some BoU officials who are believed to have “accumulated illicit wealth which led to collapse of our banks like Crane Bank which used to employ many youth.”

The letter petitioning the Prime Minister

“A case in point is during March this year, a whistle blower petitioned FIA to monitor and investigate Miss Justine Bagyenda, former Director Supervision BoU for having Shs19bn on three different accounts which is not in tandem with her salary of 6 years as director of the bank,” a letter signed by Mathius Ssempala, Head of Publicity at YPRU.

It is also copied to President Yoweri Museveni and Speaker Rebecca Kadaga.

The letter received by OPM on the same day it was written adds: “ Even after 2 months after petitioning, there is  no any single draft report made hence casting fear amongst anti-corruption crusaders to think that Mr. [Sydney] Asubo, the Executive Director of FIA is no longer competent for the job.”

The youth add that investigations should commence immediately in order to increase confidence in investors as well as attracting more Foreign Direct Investment in the country.

 

 

 

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