Uganda Police is investigating circumstances under which top Bank of Uganda officials transferred and stored Shs400 billion in BoU Masaka Currency Centre in a room without CCTV cameras.
The huge money is said to have been transferred to Masaka on June 14, 2019, the time when investigators started probing BoU and other officials over the anomaly in the consignment of the 20 pallets packed with Uganda Shillings notes that were delivered at Entebbe International Airport by BoU chartered plane on April 26, with extra five pallets.
With the CCTV cameras switched off, it means the money could be stolen or misappropriated without trace-ability.
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, Lt Col Edith Nakalema, the head of State House Anti-Corruption Unit confirmed that they were carrying out an investigation on the central bank over its procurement and supply chain activities.
“A number of senior bank personnel, customs and Civil Authority personnel are being questioned” with regard to the Bank’s procurement and supply chain activities,” she said in a statement.
Collaborated reports indicated that some top directors at Bank of Uganda were under investigation by police, military and State House Anti-Corruption Unit for illegally printing and smuggling money in the excess of sh90 billions.
Col Nakalema however said the operation will not affect the normal running of the Central Bank.
The illicit huge monies Nakalema’s team alongside Police are probing, entered the country through Entebbe International Airport from France aboard a private airplane which usually transports BoU new currency.