Presidential Tripartite Committee Report exposes more rot at BoU

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Bank of Uganda

By Kagenyi Luuka

A new Presidential Tripartite Committee Report has exposed more rot at the central bank, recommending a total overhaul of the bank if normal operations are to be realized at the bank.

The Presidential Committee has also recommended a comprehensive review of the legal regime governing the Bank of Uganda, especially the Bank of Uganda Act Cap 51.

The separation of position of Governor from that of chairperson of board to suit the corporate governance doctrine is the other recommendation that the presidential committee has recommended.

The presidential committee members have also pinned Governor Tumusiime Mutebile and his deputy, Louis Kasekende over in-fighting and conducting irregular recruitments.

The report is in reponse to a litany of allegations related to irregular recruitments conducted by Mutebile in February last year.

The 12 staff promoted staff under probe over irregular recruitment, include Joyce Lanyero Okello, Executive Director/Personal Assistant to Governor; Charity Balaba Mugumya, Director Communications Department; Hannington Wasswa, Director Commercial Banking Department;  Vito Melvin Semakula, Assistant Director IT Security and Compliance.

Others are; James Mbanda Byamukama, Assistant Director IT Operations; Gimei Katongole Kaliisa, Assistant Director Operations Accounts Department; Alan Norman Lwetabe, Assistant Director Reserves and Investment, Financial Markets Department; Cynthia Nakayiza, Assistant Director Operations Banking Department.

 Sophia Kironde Iwumbe, Assistant Director On-site Inspection Commercial Banking Department; Oscar Kiiza, Assistant Director Pension Administration and Financial Reporting; Bosco Bainamazima, Assistant Director BoU Fort Portal Branch; and Francis Kakeeto, Assistant Director BoU Mbale Branch, who was recently arrested over the currency saga involving suspected printing of over sh350b, are the other irregular recruited staff.

The recruitment of Dr. Natamba Bazinzi as the assistant director currency administration is the other appointment under probe.

To harmonise these irregularities, the committee has recommended that a new position of deputy governor be created so that such a person handled administration and recruitment.

 “In this same regard the Committee also recommends that in the immediate short term, all decisions involving human resource matters be subjected to the approved processes and coordinated through the Administration Directorate hierarchy in accordance with the Administration Manual to avoid propagating the impression to staff that parallel processes exist in terms of advancing human resource related interests,” committee members said.

The author is a current affairs analyst and aspiring MP Ikiiki County in Budaka district.

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