Monday, July 15, 2024
Home > News > IGG Dissatisfied With Bagyenda’s Explanation On Source Of Wealth

IGG Dissatisfied With Bagyenda’s Explanation On Source Of Wealth

The Deputy Inspector General of Government (IGG), George Bamugemereire, has revealed that investigations into allegations of illicit accumulation of wealth by Former Bank of Uganda (BoU) Executive Director-Supervision, Justine Bagyenda, are complete.

Speaking at the launch of the anti-corruption sensitization campaign in the country Uganda Media Centre early this week, Bamugemereire appeared to paint a gloomy future for the ‘irony lady’ as she was/is known at BoU when he said that IGG is only waiting for the Leadership Code Tribunal to be put in place so as to vanish it with their findings.

He revealed that their investigations focused on whether the alleged things (properties/wealth) against Bagyenda do exist. He added that she was also questioned on the source of her money.

Quoting the law, Bamugemereire,  said  if the IGG is satisfied with the explanation of the person under investigation, a report is made and if  the not satisfied, the person is referred to the Leadership Tribunal, which he says will be put in place very ‘soon’.

In simple terms, the IGG was dissatisfied with Bagyenda’s explanation regarding the source of her wealth, a thing that will see her appear before the Leadership Code Tribunal for further questioning.

In June this year, the Financial Intelligence Authority (FIA) revealed that it had finalized its investigations into money laundering allegations against Bagyenda.

FIA Executive Director Sydney Asubo said they (FIA) had already handed over the report findings to police and the Inspector General of Government (IGG) for further action.

It is worth noting that the public demanded for investigations against Bagyenda after her leaked bank accounts showed that she had transactions of up to Shs20bn in a period of about six years.

Her vast properties in Kampala and other parts of the country also leaked, leaving Ugandans wondering how magical she was in making money.

One thought on “IGG Dissatisfied With Bagyenda’s Explanation On Source Of Wealth

  1. Sodha

    Corruption!!!!! Our Ugandans in UAE are roasting in heat to earn a living &these Mafias of Bou are blotting tax payers monies .These Mafias of bou have vast millions of pounds in properties in uganda abroad including external accts & all these be brought back into uganda all assets confiscated.Those banks confiscated be given to it rightful owner & it is time kaguta send those Mafias of bank of bou to Luzura.This is a terrible “zoo”at bank of uganda, mutebille & team must be made penniless.weraba god bless uganda & poor Ugandans

Leave a Reply

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