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Bagyenda in more trouble as Financial Intelligence Authority summons her over money laundering

Matooke Republic by Matooke Republic
March 22, 2018
in News
Reading Time: 1 min read
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Former Bank of Uganda Executive Director (Supervision) Justine Bagyenda is between a rock and a hard place.

She tried to hold onto her job after being disgracefully sent into early retirement in February and last week it looked like she was winning one of her many battles when the Inspector General of Government wrote to BoU governor Tumusiime Mutebile instructing him reverse his position over several staff changes where Bagyenda had been the major casualty.

However, Mutebile laughed off IGG Irene Mulyagonja’s directive and wrote back telling her that she had no mandate to give direction to an autonomous body like BoU.

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With her BoU fate sealed, the Financial Intelligence Authority is also knocking at Bagyenda’s door, and she has this Thursday morning been summoned for investiations over money laundering.

FIA is a body that oversees money laundering and other criminal financial transactions. If found guilty, Bagyenda who ironically has been the head of the anti-money laundering committee could face up to 20 years behind bars as the law stipulates if if found guilty. 

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