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Bagyenda's Aide Stole Central Bank Documents - BoU :: Uganda Radionetwork
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Bagyenda's Aide Stole Central Bank Documents - BoU

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.
Bank of Uganda’s (BoU) Director of Security, Milton Opio taking oath before COSASE.

Audio 4

Bank of Uganda's Director of Security Milton Opio has told a committee of parliament that the former Executive Director in charge of Supervision Justine Bagyenda facilitated the theft of documents from the Central Bank.

Opio says that their CCTV camera's captured Bagyenda's assistant's 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.

Over the past one week, the Commissions, Statutory Authorities and State Enterprises (COSASE), committee of parliament has demanded quarterly progressive reports on the liquidation of assets of all banks closed between 1993 and 2017. 

The committee chaired by Bugweri County MP Abdul Katuntu is investigating irregularities in the Central Bank and the mess surrounding the closure of banks over the years. The banks include to Teefe Trust Bank, International Credit Bank Ltd, Greenland Bank, Uganda Co-operative Bank, National Bank of Commerce, Global Trust Bank and Crane Bank Ltd. 

In his 2017 forensic audit report, the Auditor General queried the absence of asset movement schedules or ledgers indicating the bank assets at closure, the assets sold and their selling price, as well as performing and nonperforming loans.

But the matter which stemmed from a 2017 forensic audit by the Auditor General has turned out to be highly contentious after a contradiction in statements issued by the team from the Central Bank.

Bagyenda told the committee last week that she handed over all the documents to the new Executive Director Supervision Tumubweine Twinemanzi, who however denied being in possession of any documents. Governor Mutebile also told the committee that he had never seen the documents in question.

Today, Opio told legislators that on March 13, 2018, the Central Bank received a confidential report about a security breach that occurred on February 11, 2018. He stated that a review of the security cameras saw Bagyenda's personal bodyguard and driver breach security and ferry out three bags to her car on Sunday, February 11 before driving off. 

Opio said that they had planned a search at Bagyenda's residence but the bags were returned the following day at 6 p.m. but were still not checked at the entrance to ascertain the contents. He said that when Bagyenda was confronted about the incident, she accused the bank of witch hunting her and insisted that the bags contained personal items.

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Opio further reported that since the incident, Bagyenda was always required to disclose whichever documents were leaving office.

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Katuntu asked whether a report had been filed on the incident and requested that the Central Bank avails it to the committee tomorrow. He also selected a team of four MPs to review the CCTV footage of the incident and file a separate report.  The MPs include UPDF representative Francis Takirwa, Rukungiri Woman MP Betty Muzanira, Kashari South MP Nathan Itungo and Kabale Municipality MP Aja Baryayanga.

Bagyenda's guard, driver and the security officers who were on duty on a fateful day have also been summoned to appear before the committee tomorrow.

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Meanwhile, Governor Tumusiime Mutebile said that despite having retired in June 2018, Bagyenda still maintains security from the Central Bank.

//Cue in; "because of the...

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