IGG Clears Bagyenda, Kasekende Over Illicit Wealth Accumulation

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The Inspector General of Government (IGG) Irene Mulyagonja Kakooza has cleared Bank of Uganda Deputy Governor Louis Kasekende and former Executive Director in charge of Supervision Justine Bagyenda over alleged illicit accumulation of wealth.

Bagyenda, Kasekende and other Bank of Uganda top officials have been under investigation for about a year now after a whistleblower’s report of illicit amassing of wealth which is in breach of the Leadership Code of Conduct.

While presenting the ministerial policy statement for FY 2019/2020 to Parliament on Wednesday, IGG Mulyagonja, revealed that “there was no evidence of illicit amassing of wealth” from the above mentioned BoU officials. Other officials who have been under probe and have now been cleared by the IGG include; officials from Ministry of Education and Sports, Ministry of Health, Ministry of Finance, Planning and Economic Development (MOFPED), National Agricultural Research Organisation (NARO), Ministry of Energy and Mineral Development, Ministry of Local Government, Office of the Prime Minister (OPM), National Social Security Fund (NSSF) and others.

“The IGG has finalized verification of 39 (26%) leader’s declaration out of the biannual target of 150 and the total incomes verified and investigated was UGX42,621,309,182 while assets verified were worth UGX 33,841,542,344.

The verification exercised revealed that all the declarations were commensurate with the known sources of incomes and there was no evidence of illicit amassing of wealth,” Mulyagonja said in her report. Apparently, 138 verifications were still ongoing by the end of the quarter.

“Also investigations in the breach of the Leadership Code of Conduct were conducted on 9 (36%) leaders from OPM, MOFA, UNRA, URA, BOU and MOFPED; all of them were found not to be in breach of the Code.”

In December last year, the parliamentary committee on Commissions, Statutory Authority and State Enterprises (COSASE) probed the wealth of Kasekende and Bagyenda after Aruu County MP Odonga Otto tabled documents detailing their alleged illicit wealth.

In his declaration of wealth form to the IGG, Kasekende who earns a salary of Shs45m per month and Shs13m allowance has multi-billion properties in leafy suburbs of Kampala and Wakiso districts. In the details of assets on undeveloped or vacant land, Kasekende reveals that he is the rightful owner of Plot 3 Gaba Close valued at Shs2.1bn, Plot 1475, Lubowa Est in Wakiso (Shs2bn), Plot 12 Corporation Rd, Ntinda (Shs390m), Plot 2 Bukoto Rise, Naguru (Shs1.3bn), Plot 2B Makindo Lane, Kololo (Shs2bn) and Buloba plot 706 Block 314 (Shs500m). With the exception of Buloba plot which contains his residential home, Kasekende has built commercial houses on each of his plots of land all valued at Shs7.69bn.

In his declaration form, Kasekende also added that he collects rent of up to $13,233 (about Shs50m) per month.

Meanwhile, Bagyenda who earned a gross monthly salary of sh32m also owns several posh apartments in the Kampala upscale suburb of Naguru among other places

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