• Posted on: 9 January 2019
  • By: Presenters


The former Bank of Uganda (BoU) Executive Director Supervision, Justine Bagyenda, has today confirmed that documents had been ferried out of the Bank but noted that these were personal property.


Appearing before the committee on Commissions, Statutory Authorities and State Enterprises (COSASE) today, Bagyenda was tasked to explain the contents of the bags and boxes that were carried out of the Central Bank by her aides without going through security check.


COSASE chaired by Bugweri County MP Abdu Kantuntu 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 Bank of Uganda's Director of Security, Milton Opio indicated that their CCTV cameras captured Bagyenda's assistant's smuggling bags of 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 and ferry out bags to her car on Sunday, February 11 before driving off.


Tasked by Katuntu to confirm whether bags had been ferried out of the Central Bank, Bagyenda confirmed but dismissed the allegation that she had stolen bank documents saying that these were personal documents and other property.


She said that the bags taken out by her aides contained personal documents including MBA books, plagues, pictures, materials she acquired from different conferences when she was a consultant, files from the Financial Intelligence Authority (FIA) where she was a board member and others.


Tasked whether she sought authority from the relevant bank department before carrying out documents, Bagyenda said she needed to first read the Bank Security Manual whether it requires authority since the practice was that one just goes through security check.


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


Katuntu further asked Bagyenda to confirm whether the ferrying out of documents was a matter of concern within the bank which prompted a failed security search at her home.


Bagyenda insisted that she does not remember defying security guidelines at the Bank. Katuntu ruled that Bagyenda appears tomorrow at 10:00am and she reviews the CCTV footage of bags being ferried out of the Central Bank before she answers more questions.


He also summoned the BoU Director of Security, Milton Opio and Bagyenda aides to appear alongside Bagyenda as legislators probe the matter.