The Inspectorate of Government (IGG) is set to begin investigations into allegations that the Bank of Uganda (BOU) Director of Supervision Justin Bagyenda, made incorrect declarations contrary to the Leadership Code, 2002.
Sources speaking on condition of anonymity said officials from the IGG’s office will later this month meet with city lawyer Dennis Nyombi, to ascertain whether Ms. Bagyenda made false declarations about her assets including land and houses.
Among the property she allegedly falsely-declared are houses in the leafy suburbs of Ntinda, Naguru, Bugolobi and Kulambiro.
“When I wrote the letter I got confirmation from the IGG and I was to get an appointment with the official handling the matter but later on the person went abroad and we have now scheduled between September 10th and 20th to meet,” lawyer Nyombi, who is representing ‘whistleblower’ Dick Kimeze, said.
In his allegations, Mr. Kimeze also avers that the properties owned by Ms. Bagyenda are way above what she has earned during her employment over the years.
Contacted IGG spokesperson Ali Munira confirmed their office had received the petition against Ms. Bagyenda.
“Some lawyer wrote requesting for a meeting to discuss the wealth of the lady (Bagyenda); the meeting has not taken place,” Ms. Munira said on phone.
Over the past few months Ms. Bagyenda has been in the news, most notably for the manner in which she allegedly paid little attention to the supervision of Crane Bank, leading to its takeover by dfcu early this year.
Indeed, her critics charge that she failed to execute her mandate as the BoU Director of Bank Supervision, in respect to the-now defunct bank in which Uganda’s leading businessman Sudhir Ruparelia was one of the principal shareholders.
As a result of the closure and takeover, Mr. Ruparelia says that Crane Bank had assets deposited as security worth about Shs600 billion, whose accountability including proceeds from disposal has not been made by BoU.