{UAH} JUSTINE BYAGENDA: MUGANDA OR RWANDAN?

WBK,

Your "muganda" woman Byagenda is being systemmatically stripped and undressed, soon she will be starkers !!!

Bobby

Mugabi Elijah

Conversation starter · 10 mins

This thug was forced to escape from Uganda due to fear that her mischief would be unearthed she committed during the time she served as Director of Supervision for Commercial Banks at Bank of Uganda. There have been unconfirmed rumors that this very lady (Justine Bagyenda) was in possession of a Rwandan Passport which she used to escape from Uganda. If such rumors are true, then one wonders why would we allow someone; supposedly a Rwandan citizen to have a senior executive position in Uganda's Central Bank? The news of Lake Victoria boat accident that took the lives of several people have overshadowed the mayhem at the Bank of Uganda. One would think there is a strategic tactic being played here to divert public opinion on what is really going on at Bank of Uganda. Is it likely that the Victoria incident was a blessing in one way or the other to this regime as it has helped to divert people's minds from Justine Byagyenda's escape from Uganda.

Governor Tumusiime Mutebile heading the Bank of Uganda is a man who has always been implicated in a series of sagas but excused for some unknown reasons. As a matter of fact Mutebile has done a disservice to this country as he is not so innocent at all.

In 2011, Sh169b was 'erroneously' issued to city tycoon Hassan Basajjabalaba for the loss of business for the city markets. Ugandan Legislators boldly criticized this abnormal payment and Mutebile's name was on several occasion mentioned for having been part of this saga as the Governor of Bank of Uganda. However, Museveni's Government exonerated him of any wrongdoing in such enormous compensation saga. Due to intense grilling by legislators from the Public Accounts Committee (PAC), some government ministers and officials were forced to reveal that Museveni himself had ordered Mutebile to pay such huge sum of money to Bassajjabalaba hence causing a huge financial loss to the taxpayers.

As that's not enough, In 2012, Emmanuel Tumusiime Mutebile was again named in the illegal sale of Uganda Broadcasting Corporation—UBC land to again embattled businessman Hassan Basajjabalaba. Members of Parliament heard that Mutebile in November 2010 guaranteed Basajjabalaba, up to US$10 million, an equivalent of 25 billion shillings at the time to allow him acquire the UBC land in Bugolobi located on Plot 112 Faraday road. The MPs were shocked by the letter, written on an official Bank of Uganda headed paper and referenced "Credit Facility of 10 million US Dollars to HABA Group (U) Limited". In the letter, Mutebile was directing the Managing Director of the Tropical Bank (U) Limited to advance Basajjabalaba the money because the central bank had his money totaling up to 96 billion shillings. The BoU governor was confirming that the businessman's money was going to be paid to him within the next one year. The MPs also learnt that the money guaranteed was part of the cash that was used to pay about 4.9 billion shillings for the UBC land, but only after the Corporation had sued demanding to be paid its debt that Basajjabalaba had defaulted on.

In August 2017, It was revealed by the media that Bank of Uganda under the leadership of Emmanuel Tumusiime Mutebile flouted procurement laws when it spent Shs125 million to buy 350 pens in the 2016/2017 financial year. The pens were reportedly supplied by Aristoc Booklex Limited.

The Bank of Uganda has become an NRM bank where they withdraw any amount of money they want to advance Museveni's life presidency project. For instance, there have been serious concerns regarding where the NRM party get the billions which they always splash around. It was reported by the Daily Monitor in June 2016, that Museveni splashed over Shs. 27 Billion in just two months during his presidential campaigns to extend his three decade long rule.Much of this money is likely to have been spent on voter bribery in rural areas which is unethical and against the electoral laws of Uganda. The NRM government has built a reputation for itself to bribe anyone as long as it can help to advance Museveni's life presidency project. Museveni and his government has always dished out huge sums of money to Ugandan legislators so that they pass controversial laws that help to strengthen one man in power. For instance, Parliament controversially voted to lift term limits in September 2005 after reportedly receiving Shs.5 million as bribe from Museveni. Last year, the Ugandan media reported that Museveni had again paid Shs.29 million to the Members of Parliament so that they could pass the Age limit bill that would enable Museveni to stand for presidency for life.

Now the biggest question is; Where does Museveni get all this money which he splashes around? The obvious suspect is the Bank of Uganda which is the country's central Bank. The scandals that have marred this bank have always been watered down by diverting the public some other things. What irks Ugandans is that Governor Mutebile has never taken responsibility to step down for failing the country. Justine Byagyenda was formerly working with the Bank and she ran out of the country when Com­mit­tee on Com­mis­sions, Statu­tory Au­thor­i­ties and State En­tre­prises (COSASE) got interest to grill her regarding the scandals in the Bank. I am sure Ugandans are waiting for actions that will be taken regarding this issue. People expect the government to issue an arrest warrant and even seek an extradition of this lady from wherever she is hiding.

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