Wednesday, June 19, 2024
Home > Banking > BoU Probe: Embattled Bagyenda Appears At Parliament

BoU Probe: Embattled Bagyenda Appears At Parliament

The embattled former Bank of Uganda Executive Director in charge of Supervision, Justine Bagyenda has Monday morning appeared at Parliament to face the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that is probing BoU officials over the controversial closure of seven commercial banks.

Bagyenda is accused of conniving with her aides to reportedly steal key documents from BoU.

Last week, COSASE handed over two Bagyenda aides to Parliament Police CID for further investigations over suspected crucial documents stolen from the Central Bank.

The arrested Bagyenda aides are Juliet Adikolet (bodyguard) and Job Turyahebwa (driver).

Bagyenda at Parliament

COSASE also arrested, Charles Omoro and Beatrice Kyambadde, who manned the security of the Banking Supervision department after it emerged that the duo were found to have lied when taking oath about the movements of the items in question.

On November 22, Bagyenda notified COSASE of her impromptu trip outside the country amid an ongoing investigation into the closure of seven commercial banks.

The banks being investigated were closed between 1993 and 2016. They are; Teefe Bank, International Credit Bank Ltd, Greenland Bank, The Co-operative Bank, National Bank of Commerce, Global Trust Bank and Crane Bank Ltd (CBL).


Leave a Reply

Your email address will not be published.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