Tumubweine Twinomanzi, the new Executive Director at Bank of Uganda, has reported for duty despite refusal by his predecessor to relinquish office.
Dr Twinomanzi reported for duty yesterday and was introduced to top management during a 10am meeting convened by the BoU Governor, Professor Emmanuel Tumusiime Mutebile.
After the meeting, Dr. Twinomanzi was taken to the office that was used by the former Deputy Director for Supervision Benedict Sekabira.
“It is true the new EDS reported for work and is around although he is sitting in a different office because madam (Justine Bagyenda) is still occupying the other office meant for him,” a source told Eagle Online.
Accordingly, instruments of power were removed from Bagyenda and handed over to Twinomanzi leaving the former powerless.
This website understands that among the entitlements withdrawn from Bagyenda are stamps, official documents and that she is also under instructions not to transact any business on behalf of BoU.
Earlier, Bagyenda had returned from annual leave and insisted that she wasn’t quitting her office since her contracts ends in June this year.
Meanwhile, Bagyenda is also reportedly under investigations by the Inspectorate of Government, regarding her alleged wealth.
Recent leaked bank documents reveal that Bagyenda holds billions in different banks plus posh buildings and upscale plots of land around Kampala and elsewhere in the country.