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

Troubled former Bank of Uganda Executive Director in charge of Supervision, Justine Bagyenda is reportedly hiding in the Kenyan capital Nairobi.

Bagyenda through her lawyer Robert Kirunda, told members of Parliament on Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) her client had travelled to America for private work.

“Hon. Sir, the current engagement …I am on was planned long before the Governor’s communication and it is core to my private life,” Ms Bagyenda said in her email to Katuntu on November 23.
“On account of my said engagement and the fact that my air ticket is restricted, I strongly regret my inability to appear before the COSASE on Tuesday November 27, 2018. My schedule date of return is 13th December 2018,” she wrote.

Last Friday Bagyenda did not appear before the committee, having flown out of the country on Thursday evening ostensibly to attend to private engagements. Ms Bagyenda is a key witness in the on-going probe, having participated in the liquidation of some of the defunct banks which were under her jurisdiction.
According to an operative from External Security Organisation based in Nairobi, Bagyenda is in Kenya.

Earlier on, Kasilo County legislator, Elijah Okupa had told the house that Bagyenda duped the committee by claiming she was in America but rather she was in the neigbhouring country monitoring the activities of the commission.

Contrary to her lawyer that Bagyenda’s traveled to America, her details obtained by this website at Entebbe International Airport indicate Bagyenda left the country on Nove 22, through Entebbe International Airport destined for Amsterdam.

However, upon reaching Amsterdam, Bagyenda then left and flew Mauritius and Mauritius to Nairobi and she is presently in Nairobi where she is monitoring the ongoing probe from.

On the same Friday last week, Ms Bagyenda claimed she handed over quarterly progressive reports of defunct Greenland Bank to her successor Dr. Tumubweine Twinemanzi but he denied he ever received such reports during the handover.

BoU Governor Emmanuel Mutebile also denied he ever received the reports in his office. Bank of Uganda’s Director for Financial Markets Development Coordination, Benedict Sekabira said during the probe last Thursday that he forwarded documents to Bagyenda
Greenland Bank’s loans were sold together with loans of International Credit Bank (ICB) and the Cooperative Bank at Shs8.89 billion, following a 93 percent discount, to mysterious company Nile River Acquisition.