Revelations of $71,110 (about Shs267m) deposited on Deputy Bank Of Uganda Governor Loius Kasekende’s account from Tororo District in April this year has shocked local leaders.
The money was deposited on a joint account number 8700110288700 Standard Chartered bank Speke Road belonging to Louis and Edith Kasekende through an electronic fund transfer on April 3, 2018.
“We are shocked that the said money wasn’t even discussed in council and no one bothered to inform council. We got these documents from someone at Standard Chartered bank indicating that our district paid a deputy governor” Eagle Online quoted one of the council members
This revelation comes in the wake of the office of the Inspector General Of Government revealing last week that they are investigating the wealth of 100 employees of the central bank.
The IGG’s office is interested in how several BoU officials amassed their wealth that was declared in accordance with the Leadership Act. Some of the officials are also said to have under declared their wealth.
The lid on the Central Bank was lifted after an Auditor General report into the closure and take-over of several commercial banks indicated collusion, meaning that the BoU officials could have profiteered from these take overs. Case in point is the DFCU take-over of Crane Bank which among other things revealed that the buyer (DFCU) set the price!
After the exit of Justine Bagyenda, the former Executive Director in charge of Commercial Bank Supervision who was exposed as a wealthy woman by whistle blowers, with more than 17 prime properties and Shs19billion on her accounts, a wealth declaration form leaked last week shows that Deputy Governor Kasekende has properties in prime Kampala suburbs worth over Shs10billion.
Kasekende is also a shareholder of Green Hill schools, a farm in Bukasa valued at Shs500 million and several commercial buildings which fetch millions of shillings in rent per year. In the declaration form, Dr. Kasekende says he picked loans from commercial banks and used his statutory salary, savings from research, gratuity payments and travel allowances to build rentals and acquire the assets.
The Leadership Code Act 2002 requires all specified leaders to declare their Incomes, Assets and Liabilities to the Inspector General of Government. The Code prohibits conduct that is likely to compromise the honesty, impartiality and integrity of leaders or conduct that leads to corruption in public affairs and it imposes penalties on leaders who breach the Code.