From fat bank balances, to property worth millions of dollars, and now shocking details of mobile money dealings in the region of hundreds of millions of shillings, one could easily conclude that embattled former Bank of Uganda Executive Director of Supervision Ms Justine Bagyenda must be one of the wealthiest Ugandans!
According to documents shared with our investigations desk, Ms Bagyenda made mobile money transactions to the tune of Shs499,428,906 million in just a period of three years.
Going by the documents, Ms Bagyenda’s mobile number (07727*86*9), is indicated as having made transactions totalling close to Shs 500m with another number (07890*17*5) that belongs to a one Robert Muhumuza.
Reliable info on our desk indicates that Robert Muhumuza is one of Bagyenda’s three children.
Ms Bagyenda who was recently relieved of her BoU but has been hesitant to leave, is facing multiple investigations by the ombudsman and other government agencies including the Financial Intelligence Authority over money laundering.
According to the leaked mobile money documents, another account in the names of Kalumbu General Agencies Limited Kampala, also received several transactions Ms Bagyenda’s line.
Our investigations team has already embarked on the mission to find out which kind of business Ms Bagyenda had with the above company as well as details of its ownership.
By the look of things, the investigations are gaining momentum as more and new shocking evidence keeps popping up at every step of the investigations.
The investigators have so far shown keen interest in the former BoU boss’ lifestyle and spending patterns to establish if the two were in tally, especially going by her earnings as a public servant!
Account details that leaked showed that Ms Bagyenda had over Shs19billion in Diamond Trust Bank and Barclays Bank. Both banks have since confirmed that the account details leaked and apologized to her.
She is also linked to 17 properties in central and western Uganda worth tens of millions of dollars.
It is believed that Bagyenda strategically skipped declaring her wealth under the Leadership Code Act that stipulates “that a person shall within three months after becoming a leader and thereafter every two years, during December submit to the IGG a written declaration of their income, assets and liabilities.”
Some of Bagyenda’s properties were in relatives’ names, which indicates a motive to conceal the wealth.
IGG Irene Mulyagonja confirmed investigations into Bagyenda’s wealth were ongoing, after a whistle-blower petitioned her Office over the former BoU boss ‘wealth.
By the end of last week, the Financial Intelligence Authority declared that it had also launched investigations into Bagyenda’s finances. URA is the other government agency investigating the BoU boss.
EDITOR’S NOTE: This is an updated version of an earlier story where we erroneously referred to Muhumuza as Bagyenda’s son-in-law. We have since established the relation as mother and son.