Justine Bagyenda, the former executive director in charge of supervision at Bank of Uganda has confessed ferrying documents from the Central Bank.
She was however, quick to defend herself saying most of the files were related to her consultancy work not attached to closure commercial banks as earlier reported.
Bank of Uganda head of security Milton Opio late last year told COSASE that Bagyenda was captured on CCTV picking documents from offices.
Mr. Milton said Bagyenda, using her driver and bodyguard carried the documents in sacks for over three times.
Hon Abdu Katuntu who presides over COSASE on Wednesday grilled Bagyenda on the missing crucial documents related to sale of banks.
As COSASE began its probe into sale of seven banks, officials from Bank of Uganda failed to present documents required as evidence.
These officials claimed the documents had been misplaced. However, as MPs pressed on some of the managers pointed at Bagyenda as having ferried the documents at a time she was leaving the Bank following her dismissal by the governor Prof. Emmanuel Mutebile.
Bagyenda was heavily involved in the controversial closure and sale of Global Trust Bank Uganda (GTBU) Crane Bank Limited (CBL) to Dfcu Bank in July 2014 and January 2017 respectively. CBL was sold on credit at Shs200 billion that is being paid in installments, with the central bank claiming it spent Shs478.8 billions of taxpayers’ on CBL before selling it to Dfcu Bank.
Cosase does not have all the required documents of defunct banks because BoU staff have failed to present all of them, with claims that some are misplaced somewhere within the bank, even though it has an archive department.
Against that backdrop COSASE has ruled that Bagyenda reviews the CCTV footage to ascertain whether the documents she picked are related to commercial banks’ sale.
