The former Bank of Uganda (BoU) executive director of supervision, Ms Justine Bagyenda, is expected to appear before Parliament’s Commissions, Statutory Authorities and State Enterprises (Cosase) to explain her role in the closure and sale of commercial banks.
Bagyenda is expected to appear before the committee alongside other individuals- Apollo Obo and Margaret Matovu on Wednesday
Benedict Sekabira, the Director, Financial Markets Development Coordination at BoU on Monday when pressed hard by Committee Chairperson Abdu Katuntu, said he handed some of the documents concerning the sale of banks to Ms Bagyenda who is believed to have gone with the documents upon her retirement.
Ms Bagyenda was sacked by BoU Governor Emmanuel Tumusiime-Mutebile in February this year after the Crane Bank controversy erupted. Mutebile though did not give reasons as to why he sacked Ms Bagyenda would somehow later point out that Bagyenda failed to do her supervisory role, leading to the mess in the banking industry. He would later replace her with Dr. Tumubweine Twinemanzi.