The Executive Director of Uganda Investments Authority, Jolly Kaguhangire has been removed from office.
The Executive Director who was barely a year in office and had replaced Dr. Frank Ssebowa whose term also ended on a controversial note, has now been interdicted
This website has learned that the UIA Board headed by Ms. Emely Kugonza issued the interdiction letter on Tuesday at around 2pm.
The UIA Board, according to sources, swiftly convened a meeting at 4pm to come up with way of finding an acting Executive Director.
“The ED has been interdicted. The Board hurriedly convened and read the riot act for her. They asked her to step aside as they investigated her thoroughly,” said a source at UIA who preferred not to be named owing to the sensitivity of the matter.
The investment agency has been marred by several allegations of corruption and nepotism mainly in the restructuring process that started last year.
Two months ago,Minister of State for Finance in charge of Privatization and Investment, Evelyn Anite, wrote to the UIA Board Chairman, Emely Kugonza asking her to among others investigate and iron out issues that had been raised by a whistle-blower related to nepotism and unfair practices.
“Reference is made to the ongoing restructuring process of the Uganda Investment Authority and the attached letters alleging undue interference in the process,” part of the letter dated May 24th 2018 read.
According to complaints forwarded to Minister Matia Kasiaja, copied to Anite and the Inspector General of Government, Irene Mulyagonja by concerned citizens including Ajidiru Monica Opoka and Ochieng Peter, the UIA Board engaged in operational activities like interviewing lower level staffs including cleaners and tea girls.
The Board is also accused of shortlisting and going ahead to interview single candidates that coughed Shs 50m each for the coveted and remunerating positions of 6 directors.
Further details on the woes surrounding Uganda Investment Authority will be detailed by this website in later stories
