Bank of Uganda
EC Village Verification

The Bank of Uganda (BoU) Governor Prof. Emmanuel Tumusiime-Mutebile is on record now for recruiting senior staff without consulting the board or senior staff on the management team. Now an inquiry has established that most of the staff he recruited externally did not meet the required qualifications and experience.

A confidential Report of the Presidential Tripartite Committee, based on Investigation of allegations that Tumusiime-Mutebile violated BoU’s policy on recruitment has detailed the affected officials with their qualifications and whether they are suitable for the jobs they hold at BoU. Eagle Online presents the committee’ findings on the recruited senior staff as announced by the governor on February 7, 2018:

Dr. Twinemanzi Tumubweinee, Executive Director Supervision

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The committee found that Dr. Twinemanzi Tumubweine holds: PhD in Economics from the University of Texas in Dallas, United States of America (December 2009), Master of Science degree in Economics from the University of Texas in Dallas, United States of America(December 2009), Master of Science Degree in Management and Administrative Sciences from the University of Texas in Dallas, United States of America (May 2004) and Bachelor of Science Degree in Statistics and Applied Economics from Makerere University in Kampala, Uganda (January 1996).

However, when Dr. Tumubweine’s academic qualifications were considered alongside the prescribed requirements stipulated by policy in the Administration Manual, it was found that his first degree was a pass degree. It therefore fell below the standard requirement of 1st Class and Upper Second Honours and also below the standard set for exceptional circumstances which is Lower Second Honours degree. “It is also pertinent to note that Dr. Twinemanzi lacked experience in commercial banking as stipulated in the job description for Executive Director Supervision. There was no mention of any working experience relevant to commercial banking in his personal records at the Bank,” the committee noted.

Mr. Valentine Ojangole, Director Banking

The committee established that was determined from Mr. Valentine Ojangole holds: personal records that his academic qualifications were as follows:

Master of Business Administration (MBA) from ESAMI – October 2009, Bachelor of Commerce (BCom) Accounting from Makerere University in Kampala, Uganda – June 2000. Ojangole’s transcript for the Bachelor’s degree revealed that he graduated with Upper Second Class Honours and therefore met the minimum requirement set in the Administration Manual for recruitment of Banking Officers.

Mr. Edward Mugerwa, Director IT Operations

The committee established that Mr. Edward Mugerwa is a holder of one degree being a Bachelor of Science (Bsc) in Electrical Engineering obtained from Makerere University in Kampala, Uganda in 2000. He passed with Upper Second Class Honours and as such fell within the minimum requirements for entering the Bank of Uganda. However with regard to the official Bank job description the committee found that that Mugerwa lacked the minimum requirement of a Masters degree in Computer Science/Engineering, Information Systems/Technology or closely related field. His personal records revealed that he only possessed a Bachelors degree.

Ms. Ruth Kande Sabiiti, Procurement Assurance Manager

When Ms. Sabiiti’s personal records were examined she was found to be a holder of one degree being a Bachelor of Arts in Social Sciences (Economics and Political Science) obtained in 1996 from Makerere University in Kampala, Uganda in 1996. It was determined from her degree transcript that she held a basic pass degree with no honours. This was clearly outside the minimum requirement of Upper Second Honours for normal recruitment and that of Lower Second Honours for recruitment under exceptional circumstances.

Dr. Natamba Bazinzi, Assistant Director Currency Administration

When Dr. Bazinzi’s personal records were examined he was found to hold the following academic qualifications: Doctor of Philosophy (Business Management – Finance) obtained from Moi University in Kenya – 2016, Master of Science (Msc) Accounting and Finance – Makerere University in Kampala, Uganda – 2010, Bachelor of Business Administration – Makerere University Kampala – 2006. Bazinzi’s academic transcript for his Bachelor’s degree showed that he graduated with Upper Second Honours and therefore met the minimum recruitment requirement for Banking Officers. However, close analysis of his working experience and the official job description for an Assistant Director Currency revealed a variation. “Whereas the job description called for at least 5 years working experience in a financial institution with at least 2 years in the management of currency operations or at least two years as Head of Section in Bank of Uganda, his personal records revealed no relevant experience in light of the position he was offered, the committee wrote of Bazinzi.