Bagyenda apologizes to COSASE as MPs ban her travels

Bank of Uganda’s former Executive Director for Supervision Justine Bagyenda has reported at Parliament to appear before the Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) and apologized to the committee for the inconvenience

“I apologize for the inconvenience caused by my absence from Uganda caused the members. I am willing to assist the work in the committee in any way that I can,” Bagyenda said.

However, chairman for SESACO Hon. Katuntu asked her to give in her two passports and banned from tra\veling again before investigations end

She is in the spotlight over the missing key documents such as progressive reports on the closure of three banks which have been a source of frustration for the Committee with Bank of Uganda officials and former staff locked in a cycle of accusations and counter-accusations on who is in possession of the documents.

The MPs ordered the arrest of Juliet Adikot (Bagyenda’s bodyguard) and Job Turyahabwe (driver) after the duo gave contradicting testimonies to the committee in relation to Bagyenda’s itinerary on the day three bags were returned to the central bank on February 10, 2018.

Charles Mollo and Beatrice Kyambadde, the BoU security personnel, who were manning the access points that Bagyenda used, were also arrested for negligence because they allowed her in and out without conducting the requisite checks as spelt out in the BoU security manual.

Her driver and bodyguard are under investigation by the police.

Bagyenda reportedly travelled to the United States for a conference on November 22 although she was supposed to appear before the committee to answer queries related to the disappearance of key reports relating to the liquidation of seven commercial banks such as Teefe Bank, Greenland Bank, International Credit Bank, Global Trust Bank Uganda, National Bank of Commerce, Cooperative Bank and Crane Bank Limited.

She came back to Uganda on Sunday.

Bagyenda also thanked the committee for not issuing criminal summons against her.