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BoU’s currency Director released on Shs40m bail

Mubiru Ivan by Mubiru Ivan
2 years ago
in Business, Finance
5 0
BoU’s currency Director released on Shs40m bail

Suspects in the BoU's irregular procurement and supply chain activities

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Dr Charles Malinga Akol, the Director In charge of Currency at Bank of Uganda has been released by the Anti- Corruption Court in Kampala after being granted a cash bail of Shs40 million.

Malinga on Tuesday appeared before the court to answer charges related to the Central Bank’s irregular procurement and supply chain activities in April this year.

He was interrogated about his role in the whole scandal where it is said five pallets containing the Ugandan currency of about Shs90 billion disappeared upon reaching Entebbe International Airport.

Last Friday, two BoU employees Francis Kakeeto and Fred Wanyama were remanded to Luzira Prison over abuse of office and corruption by the Anti Corruption Court in Kampala.

The duo was denied bail on grounds that their sureties lacked substantial identification documents, according to Grade One Magistrate Abert Assimwe.

According to local online media, Kakeeto, 36 a resident of Nabuti, Mukono and Wanyama, 42 a resident of Seeta, Mukono on April  26, 2019 between France, Belgium  and Entebbe International Airport were assigned by their employer to carry out a pre-shipment inspection of printed materials in France but in abuse of the authority of their offices, did an arbitrary act, prejudicial to the interest of their employer to wit, allowed the inclusion of unauthorized cargo on a cargo plane fully chartered by BoU.

Recently, government Spokesperson Ofwono Opondo speaking to the media at Uganda Media Centre in Kampala, said the investigation so far seemed to point that there was no additional money printed by either officials of BoU or somebody and later delivered to Uganda.

“Our investigations point to some business people and other organisations who were simply taking advantage of a cheap flight that had already been chartered by Bank of Uganda,” he disclosed.

The government mouthpiece said that BoU procured items from France and chartered a plane from Paris to deliver its consignment of 20 pallets to Uganda on April 27, 2019 with the bank staff.

After they had checked and cleared the items, one of the staff noticed that the plane was carrying additional five pallets.

According to Opondo, the extra pallets belonged to 13 private individuals and organisations including the United Nations (UN) irregularly loaded unto the cargo plane. No other items were meant to be on the plane except Bank of Uganda’s.

“Very surprisingly the United Nations and USAID are among them. The plane carried UN supplies like blood reagents, solar equipment and other items. There were also goods for other local Ugandans like Charles Mbire, Mandela Millers and Uptake Uganda Investment Limited.


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