Log in
Free: The Observer Mobile App - Exclusive Content and Services

Bagyenda admits to ferrying documents out of BOU

Justine Bagyenda

Justine Bagyenda

The former Bank of Uganda (BoU) executive director in-charge supervision, Justine Bagyenda, has admitted that documents were ferried out of the central bank's premises by her aides. 

Appearing before the parliamentary committee on Commissions, Statutory Authorities and State Enterprises (Cosase) on Wednesday, Bagyenda was tasked to explain what was contained in the bags and boxes that were carried out of the central bank by her aides.

Bagyenda who has become central figure to the Cosase probe, is accused of ferrying vital documents out of the central bank in an attempt to conceal or airbrush her role in the irregular sale of commercial banks. 

Cosase is investigating circumstances under which the central bank closed and sold seven commercial banks between 1993 and 2016. Since the committee started proceedings, it has been unsuccessful in obtaining key progressive reports on the liquidation of assets of closed banks and other documents. 

Evidence presented by BoU director of security, Milton Opio indicated that their CCTV cameras captured Bagyenda's assistant ferrying documents from the central bank. He stated that a review of the security cameras saw Bagyenda's personal bodyguard Juliet Adikot and driver Job Turyahabwe breach security guidelines and ferry out bags to her car on February 11, 2018 before driving off.

Tasked by Katuntu to confirm whether bags had been ferried out of the central bank, Bagyenda admitted but said that they were personal documents and her property.

She said that the bags contained her personal documents which included MBA books, plaques, pictures, materials which she acquired from different conferences when she was a consultant. Other documents according to Bagyenda; were files from the Financial Intelligence Authority (FIA) where she was a board member and others.

Asked whether she sought permission from the bank authorities before ferrying out the documents, Bagyenda said she needed to first read the central bank's security manual whether she indeed required to seek permission.

Bagyenda was also asked whether the bags had gone through the routine security check. However, she said that she could not confirm or deny since the bags were carried out by her aides when she was still seated in office. Bagyenda requested that she first looks at the CCTV footage availed to the committee before giving more details to the matter.

Katuntu further asked Bagyenda to confirm whether ferrying out of documents was a matter of concern within the bank. 

Bagyenda insisted that she does not remember defying security guidelines at the bank. Katuntu ruled that Bagyenda appears today Thursday to review the CCTV footage. 

Katuntu also summoned the BoU director of security, Milton Opio and Bagyenda's aides to appear alongside Bagyenda.

Comments   

-1 #1 Lakwena 2019-01-10 16:35
In other words, greed and crime make even the most beautiful woman ugly and despicable in soul and body!
Quote | Report to administrator
0 #2 Wanainchi 2019-01-11 05:02
Put the thug immediately behind the bars! Why wasting time?
Quote | Report to administrator
0 #3 rubangakene 2019-01-11 22:45
And there you have it; straight from the horse's mouth,

"I personally shifted the goods (sweating like a turn-boy) from the office to the boot of my car, what else do you expect!" (Kweli, ni libeeba tuu)!

The committee's work is now done; we await the police to take over at this point.
Quote | Report to administrator
0 #4 kirya 2019-01-13 02:24
m7's name written on the case.
Quote | Report to administrator
Bunga Bet