MPs on Thursday learned of a confidential purchase agreement which Bank of Uganda entered into with DFCU Bank on 10th July 2014 before Global Trust Bank was eventually closed on 25th July 2014. This means that the Central Bank never managed Global Trust Bank for a minimum of six months as required by the Financial Institutions Act.
Bagyenda said that for over eight years the Central Bank had been selling off the assets of the three banks and they were of the opinion that those that they had failed to sell were not that good. She insisted that the Central Bank hired M/S Bageine, a private firm to carry out the valuation of the bank assets. However, she could not table the valuation reports before the committee.
Committee Chairperson Abdu Katuntu directed Bagyenda to deposit both her International and East African Community EAC passports with the Parliament Police officer in charge, by close of business today.
The Committee on Commissions, Statutory Authorities and State Enterprises COSASE has granted a request by former Bank of Uganda BOU Executive Director Supervision, Justine Bagyenda to appear on Monday next week.
Details availed by Opio from the Central Banks vehicle tracking system, show that Bagyendas official Land Cruiser vehicle registration number UAR 192Y V8 left Mbuya for Entebbe International airport at 7:18 am on March 14th, 2018.
Opio says that their CCTV cameras captured Bagyendas assistants smuggling bags of documents from the Central Bank early this year. Opio made the revelation under the directive of Central Bank Governor Emmanuel Tumusiime Mutebile, who had been tasked to explain whether the Central Bank had any case of stolen documents.
