Bank of Uganda

After Eagle Online published investigative stories about Bank of Uganda and its officials from otherwise confidential documents, two officials from different financial institutions were last evening held and questioned on suspicion of leaking the documents.

According to sources, the two are Mr Shafiq Mpanga, a Bank of Uganda official who works in the supervision department and the other, a Diamond Trust Bank (DTB) top staff whose names were not readily available.

Information Eagle Online has is to the effect that duo were questioned by both Police and the Banks’s internal security operatives specifically about how bank details of a senior staff got to the press.

Stories Continues after ad

Our sources, who spoke on condition of anonymity, said some authorities at the BoU are concerned about how classified information is leaking and want to plug the gap.

There have been reports of bickering among the top management at the Central Bank, with the Governor Professor Emmanuel Mutebile Tumusiime reportedly in conflict with some of the BoU top brass.

This led to a recent re-deployment exercise, where transfers were made including that of Ms Justine Bagyenda, the immediate former Director in Charge of supervision who was retired.

Sources at BoU said she consequently attempted to resist handing over office but the changes took effect Dr. Tumubweine Twinemanzi has since taken over her position.

Prior to that, a group of unknown people had stormed Bank of Uganda with placards demanding for the sacking or resignation of Ms. Bagyenda.

The bank was embroiled in scandals of overspending, one of them being the Shs4 billion payments to city lawyers handling the court case involving former Crane Bank owners and the BoU.

Investigations carried out by Eagle Online revealed that Bagyenda had a bank balance of Shs19, 302, 441,183, details of three bank accounts which we obtained.

The documents we obtained indicated that she made all that money in just six years, from 2013 to this year.

We also unearthed another story of how Ms. Bagyenda, between 2015 and 2017, transacted Shs2bn on her account in Barclays Bank Kampala Road branch, with a serial beneficiary, one Kenny Muwonge.

There was also a search which revealed the property owned in some prime areas of Kampala and other upcountry, some reportedly in her children’s names.


Website | + posts