Former Bank of Uganda Director in charge of Supervision Justine Bagyenda has been dropped as a board member of Financial Intelligence Authority (FIA).
Bagyenda has been replaced by former BoU lawyer Titus Wasswa Mulindwa who was on Monday successfully vetted by the parliamentary appointments committee led by Speaker Rebecca Kadaga.
In September 2018, Bagyenda failed to appear before the committee for FIA job vetting after being reappointed on the board by Finance Minister Matia Kasaijja. Other members were approved.
She was supposed to meet the committee but opted not to show up to avoid being humiliated and disappointed basing on the advice of one of her lawyers Timothy Masembe of MMAKS Advocates.
In July the same year, MPs led by Manjiya County’s John Nambeshe and Kasambya County’s Louis Mbwatekamwa Gaffa revealed that they couldn’t allow Bagyenda’s reappointment come to pass.
“We are against Mrs. Bagyend’s reappointment to this position on grounds that she was sent into early retirement by Bank of Uganda Governor Tumusiime Mutebile recently and she used her position to amass wealth as her leaked bank accounts indicate she has close to shs20 billion,” said Nambeshe.
Since 2017, Bagyenda has been embroiled in controversy following the irregular takeover and sale of Crane Bank to dfcu.