The IGG should publicise the report on Bagyenda’s wealth

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Kagenyi Lukka

By Kagenyi Lukka

Justice Irene Mulyagonja is a lady in the eye of the storm.

There are fingers from several directions pointing at her, and doubts about her competence and capabilities as an Igg still linger around.

After being heavily criticized by the public after reports emerged that she was stalling an investigation into the wealth of Justine Bagyenda, the former executive director for commercial bank supervision at the bank of Uganda, the president added salt in the wound when he blasted the inspectorate for not doing enough to protect investors and the public from corrupt officials during the 6th June 2018 State of the Nation address.

Since the 6th June state of the nation address, MS Irene Mulyagonja has become a regular visitor in the media trying to do damage control.

This, ultimately, cannot redeem her already soiled image as Igg.

In attempt to deflate pressure from the public and a litany of anti-corruption activists, Justice Irene Mulyagonja has revealed plans to release an investigation report into allegations of illicit wealth accumulation and money laundering by Justine Bagyenda.

‘We shall hand over the declarations so that authority does the verification so that the public stops accusing me of being friends with this woman,” Mulyagonja said, according to the daily monitor 10TH June 2018.

The same Igg was quoted by sections of the media last week saying that she will give the report to the president and parliament’s committee on State Authorities and State Enterprises (COSASE).

This is my area of contention.

Such a report should be made public, beyond the president and COSASE.

The red flag about Bagyenda’s wealth was raised by the public.

Different online media outlets exposed her accounts, prime properties and, further the failure to remit money amounting to over Uganda shillings 7 billion in rental tax from the properties.

In the same vein, the whistleblower that petitioned the Igg and COSASE did it in public interest.

Genesis of Bagyenda’s woes

Justine Bagyenda, who before her defenestration in February this year, wielded unbridled power as the executive director for commercial bank supervision.

She outrageously presided over the reckless donation of crane bank to dfcu at a contemptible credit of 200 billion Ugandan shillings payable till 2020 with reports indicating that she used her position to ask for bribes to cover up faults with in the banking sector.

In February 2018, Bagyenda’s leaked bank accounts in several banks such as Diamond Trust bank, Barclays bank, and GT bank indicate she had stashed in there over Uganda shillings 19 billion while according to documents, Ms

Bagyenda made mobile money transactions to the tune of Shs 499,428,906 million in just a period of three years through her mobile phone number 077*27*8*6*9.

Also, revealed were her 17 prime properties in upscale suburbs of Kampala and in western Uganda raising public uproar as there is no evidence that such properties were inherited.

In addition, the Uganda Revenue Authority(URA) documents of 7th March 2018 indicate that Bagyenda whose TIN is TID1803072550, hadn’t reemitted Shs7,123,496,383 to the tax body.

It is this basket of mysteries that caused public concern prompting the whistleblower to petition institutions such as Igg, parliament and the

Financial Intelligence Authority (FIA).

In a nutshell, the Igg should publicize results of such a probe which is of great public concern. It will check the appetite of other public servants and will absolve the Igg of accusations of sabotaging the process.

Apart from these reasons, the public will be able to keep track of this case so as to hold institutions accountable.

Kagenyi Lukka is a current affairs analyst and the next MP,Ikiiki constituency in Budaka.

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