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Whistle-Blower Writes To IGG, Exposes Kasekende’s ‘Hidden’ Wealth

Former Bank of Uganda (BoU) Deputy Governor, Dr. Louis Kasekende’s troubles are far from over.

After President Yoweri Museveni declined to renew his contract as BoU Deputy Governor for the 3rd term, a whistle-blower has now written to the Inspectorate of Government (IGG) requesting the body to take keen interest in Kasekende’s wealth, which he alleges he acquired through corruption.

In a leaked letter which IGG’s office received on March 2, 2020, the whistle-blower alleges that Kasekende didn’t declare all his wealth contrary to the Leadership Code Act 2002. The letter is also copied to the President and Inspector General of Police.

Although the IGG wrote to Kasekende (pictured) and other BoU officials late last year informing them of how the Inspectorate was going to verify their wealth, the whistle-blower alleges that besides Kasekende’s properties that leaked in the media, the former BoU Deputy Governor has an account in one of the banks in India. The whistle-blower promises to avail more details to the IGG. He wonders how a man who has been earning Shs45m per month and Shs13m in allowances has managed to build multi-billion properties in leafy surburbs of Kampala and Wakiso districts.

The whistle-blower says Kasekende admitted in the Declaration of Income, Assets and Liabilities form presented to the IGG last year that he is the rightful owner of Plot 3 Ggaba Close valued at Shs2.1bn, Plot 1475, Lubowa Est in Wakiso (valued at Shs2bn), Plot 12 Corporation Rd, Ntinda (Shs390m), Plot 2 Bukoto Rise, Naguru (Shs1.3bn), Plot 2B Makindo Lane, Kololo (Shs2bn) and Buloba Plot 706 Block 314 (Shs500m) which is also his residential home.

The whistle-blower alleges that some of Kasekende’s buildings are in the names of Moses Misitwa, who he alleges is Kasekende’s driver.

“Mr Kasekende and the wife Edith Kasekende own other properties in the United Kingdom which IGG needs to investigate,” the whistle-blower writes adding: “…many witnesses are ready to give evidence to that effect so long as they are protected by your office.

The leaked whistle-blower letter to IGG

He further alleges that Kasekende was involved in the selling of Crane Bank to dfcu, revealing that he chaired all the meetings but there were no minutes taken. He also alleges that Juma Kisame, the former dfcu Managing Director wired money to Kasekende’s account in Zambia to seal the controversial sale of Crane Bank to dfcu.

“If your office is ready, evidence will be provided,” he writes.

He concludes: “I will be grateful if your office starts investigations and stops the new appointment of Kasekende in Bank of Uganda or any other post.”

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