Changes at BoU as Justine Bagyenda set to retire

In a major shake-up at Bank of Uganda (BoU), seven directors and over 30 mid-level officers have been shuffled, sources at the Central Bank have intimated to the EagleOnline.

According to a release signed by BOU Governor Prof. Emmanuel Tumusiime Mutebile, long-serving Director of Bank Supervision Justine Bagyenda, who was reportedly set to retire in June has been told to take ‘early retirement’, while another senior officer, Benedict Sekabira, has been named the Director Financial Markets Development Coordination.

Further, the source said Ms. Bagyenda, who is reportedly on leave, will be replaced by a one Dr. Tumubweine Twinemanzi as she heads for retirement.

Over the past two years the BoU has been embroiled in various sagas, the most prominent being the closure of the Crane Bank and the subsequent litigation that has cost the Central Bank over Shs6 billion, paid out to law firms MMAKS and AF Mpanga-Bowmans.

Efforts to contact the BoU Director of Communication Christine Alupo over the developments were futile by press time.

FULL LIST:

EXECUTIVE DIRECTORS

Dr Tumubweine Twinemanzi – Bank Supervision

Mrs. Mary Katarikawe – Operations

Mrs. Joyce Okello – Personal Assistant to the Governor

Richard Mayebo – Risk and Strategic Management

Elliot Mwebya – Information Technology

Philip Wabulya – Petroleum Investment Fund

David Kalyango – Chief Internal Auditor

Ms. Justine Bagyenda – Retirement

DIRECTORS/ DEPARTMENTS

Dr. Charles Abuka – Statistics 

Dr. Kenneth Egesa – Financial Stability 

Valentine Ojangole – Banking

Olive Kamuli – Medical Administrator

Ms. Christine Alupo – Board Affairs

Ms. Charity Mugumya – Communications

Hannington Wasswa – Commercial Banking

Ben Sekabira – Financial Markets Coordination

Edward Mugerwa – IT Operations

Ms. Lorna Nzaro – IT Business Automation