By our reporter
A group of activists who have identified themselves as Youth Power Research Uganda have tasked Abdu Katuntu the Bugweri County MP also chairperson of Parliamentary Committee on Commissions Statutory Authorities and State Enterprises (COSASE) to summon Finance Minister Matia Kasaija to explain the circumstances under which he reappointed Justine Bagyenda, the former Bank of Uganda Director of supervision to Financial Intelligence Authority (FIA) board yet she is under probe by the same authority.
In a May 7, 2018 letter to Speaker Rebecca Kadaga, minister Kasaija re-appointed five officials who include Bagyenda to the FIA board.
The former BoU boss is currently under investigation by FIA and Inspectorate of Government over money laundering allegations and and mismanagement that led to the dissolution of three commercial banks in a short span of 6 months while still working at BoU.
The youth named the three banks as Crane Bank, Teffe Bank and National Bank of Commerce.
“We would like to request the COSASE committee to summon the Minister of Finance to explain the circumstances under which they appointed Ms Justine Bagyenda , a former Director Supervision Bank of Uganda who is under investigation by the same agency, Financial Intelligence Authority and Inspectorate of Government for matters related to mismanagement or foul play which led to the dissolution of three banks in a short span of less than 6 months while working at BoU, which cost many of our youths their jobs and financial inclusion hence hampering the growth of the economy,” said the youth in a letter to Katuntu.
“ We therefore appeal to COSASE to summon the Finance Ministry which is the line Ministry to explain the circumstances under which led to the appointment of a person to the board of an organization which is supposed to investigate her which can jeopardize fair findings of the comprehensive investigations report as a result of conflict of interest. We appeal to COSASE committee to summon Hon. Matia Kasaija to apologize to investors on behalf of government for obstructing justice,” they added.
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