Dr Louis Kasekende, the former deputy governor Bank of Uganda (BoU) last week bid farewell to the institution’s staff.
Kasekende’s contract expired on January 13. He had hoped his contract would renew but so far not nothing is in the pipeline.
In a brief statement, Kasekende wrote: “As you already know, my contract as Deputy Governor of Bank of Uganda came to an end on January 14, 2020. It has been a great honor to serve in the position of DG for the last 10 years.”
“I express my profound gratitude to the appointing authority, H.E. President Museveni, for according me the opportunity to serve the Bank, and to represent the country in various continental and international assignments,” he said.
“I also thank the various Ministers of Finance, Governors and the Board of Directors of the Bank for the support over the many years I have served the Bank.”
“Last but not least, I would like to thank you all for the love and tremendous support during my employment with BoU. Excluding the years I was at the World Bank and the AfDB, I have spent close to thirty years in total with BoU, thus many of my colleagues have become friends.”
Kasekende has worked in BoU for the last 33 years having joined in 1986.
He served in different capacities before rising to the position of deputy governor in 1999.
In 2002, he left the central bank to serve at the World Bank before returning to occupy the same position.
But recent scandals in BoU tarnished Kasekende’s name and he leaves the institution not happy man especially when the sale of seven banks probe is considered.
In April 19, 2018, Kasekende tried to block a forensic audit by the Auditor General into the operations of the Central Bank and its role in the closure of seven commercial banks.
Mr Kasekende wrote to the Attorney General on April 19, 2018, protesting an investigative audit by the Auditor General on the resolution process of Crane Bank Ltd (in receivership) on grounds that such an inquiry offends the sub-judice rule.
The Solicitor General, Mr Francis Atoke, wrote back to the BoU Governor on May 2, 2018 ordering the bank not to cooperate with either the Auditor General or Parliament regarding an investigation into the sale of Crane Bank on grounds that any such inquiry would offend the subjudice rule.
But Kasekende and other senior colleagues at BoU were dealt a blow when Speaker of Parliament and President Museveni supported the investigation and finally the BoU officials were exposed by Auditor General John Muwanga as wanting in the way they did official work.
