A secret plot by the Deputy Governor Bank of Uganda Prof Louis Kasekende to bring back the fired former director supervision Justine Bagyenda in the absence of Governor Prof Emmanuel Mutebile has leaked.
Recently Bank of Uganda Governor Tumusime Mutebile made staff changes where he retired Bagyenda and replaced her with Dr. Tumubweine Twinemanzi from the Uganda Communications Commission.
Sources say that whereas Mutebile made the changes, his deputy Dr. Louis Kasekende wasn’t happy because the changes came at when he was reportedly out of the country and therefore, thinks he didn’t have input.
However, other sources within BoU allege that what could be annoying Dr. Kasekende is the fact that his longtime friend Justine Bagyenda was axed.
Now our latest report reveals that BOU Governor Emmanuel Tumusime Mutebile is slated to travel out of the country for treatment.
A highly placed source narrated that in his absence his Deputy, Louis Kasekende is slated to hold an emergency meeting with Board Members of the Central Bank where the board will move a motion extending Justine Bagyenda’s Contract.
Our source has also landed on information that indicates that Bagyenda has paid huge sums of money to certain Board members of BOU to cover up on her ill-gotten wealth and illegal transactions in which she sold Crane Bank assets to her friends and colleagues who are yet to be revealed.
“If Justine Bagyenda successfully convinces the BOU Board to extend her contract, she will use this opportunity to cover up the Auditor General’s expected report on the defunct commercial banks that she shut down” A source said.
She is currently under investigations by Financial Intelligence Authority after a reported that her wealth is not commensurate with her wealth and she could be involved in money laundering.
Account details that leaked showed that she had over Shs19billion in Diamond Trust Bank and Barclays Bank. Both banks have since confirmed that the account details leaked and apologized to her.
She is also linked to 17 properties in central and western Uganda worth several billions. Bagyenda was supposed to declare her wealth under the Leadership Code Act that stipulates that a person shall within three months after becoming a leader and thereafter every two years, during December submit to the IGG a written declaration of their income, assets and liabilities.”
Some of Bagyenda’s properties were in relatives’ names, which indicate a motive to conceal the wealth.