Justine Bagyenda

The former Executive Director for bank supervision at Bank of Uganda (BoU) Ms Justine Bagyenda was on Friday left in shock when MPs on Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises ordered that she be stripped of a government car and security.

The MPs took decision while quizzing Bagyenda and Mr. Denis Kakembo, lead counsel of M/S J.N Kirkland Associates over the controversial sale of loan assets of defunct Greenland Bank, International Credit Bank and Cooperative Bank at 93 percent discount.

Bagyenda continued to use the BoU vehicle and security even after retiring in July 2018. The BoU Governor Prof. Emmanuel Tumusiime-Mutebile had ordered that she be stripped of the vehicle and security by end of December last year.

The MPs were shocked that despite Bagyenda contributing to the mess in the liquidation of some banks, and had retired, she was still enjoying government facility as if she was still serving government.

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