There is panic caused at Bank of Uganda (BoU) as seven directors and over 30 mid-level officers have been shuffled, sources at the Central Bank have intimated to the.
According to a release signed by BOU Governor Prof. Emmanuel Tumusiime Mutebile, long-serving Director of Bank Supervision Justine Bagyenda, who was reportedly set to retire in June has been told to take ‘early retirement’, while another senior officer, Benedict Ssekabira, has been named the Director Financial Markets Development Coordination.
The source says ,Bagyenda, who is reportedly on leave, will be replaced by a one Dr. Tumubweine Twinemanzi as she heads for retirement.
Over the past two years the BoU has been embroiled in various sagas, the most prominent being the closure of the Crane Bank and the subsequent litigation that has cost the Central Bank over Shs6 billion, paid out to law firms MMAKS and AF Mpanga-Bowman
Efforts to contact the BoU Director of Communication Christine Alupo over the developments were futile by press time.
Dr Tumubweine Twinemanzi – Bank Supervision
Mrs. Mary Katarikawe – Operations
Mrs. Joyce Okello – Personal Assistant to the Governor
Richard Mayebo – Risk and Strategic Management
Elliot Mwebya – Information Technology
Philip Wabulya – Petroleum Investment Fund
David Kalyango – Chief Internal Auditor
Ms. Justine Bagyenda – Retirement
Dr. Charles Abuka – Statistics
Dr. Kenneth Egesa – Financial Stability
Valentine Ojangole – Banking
Olive Kamuli – Medical Administrator
Ms. Christine Alupo – Board Affairs
Ms. Charity Mugumya – Communications
Hannington Wasswa – Commercial Banking
Ben Sekabira – Financial Markets Coordination
Edward Mugerwa – IT Operations
Ms. Lorna Nzaro – IT Business Automation