Embattled former Executive Director in charge of Supervision at Bank of Uganda Justine Bagyenda.

Justine Bagyenda, the outgoing Director of Supervision at Bank of Uganda has reportedly refused to hand over office, sources at the Central Bank have indicated.

According to the sources, Ms. Bagyenda was supposed to return from leave on February 22 and handover office to the Governor Emmanuel Mutebile Tumusiime.

Bagyenda, whose contract at BoU was supposed to end June 2018, went on annual leave on January 22, but in a reshuffle announced by Prof. Mutebile, she was retired. In her place Prof. Mutebile appointed Dr Tumubweine Twinemanzi the new Director in charge of Supervision.

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But the BoU sources said that before returning to handover Ms. Bagyenda wrote to Prof. Mutebile protesting the manner in which she was laid off. In the letter, the sources said, Ms. Bagyenda told Prof. Mutebile she would return to BoU and continue with her work.

“She is in office and even yesterday she came and sat in office whole day without talking to anyone. We don’t know what will follow because the new director is supposed to start work on March 1,” said the source.

In a major shake-up at BoU, seven directors and over 30 mid-level officers were shuffled, with Bagyenda retired.

Subsequently, Cabinet endorsed the changes.

Efforts to contact BoU and Ms. Bagyenda for this story were futile by press time.


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