Justine Bagyenda News

MPs want BoU staff punished over commercial banks closure

Bank of Uganda Deputy Governor Louis Kasekende; Mr Benedict Ssekabira, the director of Financial Markets Development Coordination (FMDC); Ms Justine Bagyenda, the former executive director for Commercial Banks supervision; and, Ms Margaret Kasule, the legal counsel, are some of the senior central bank officials that managed Crane Bank’s closure and sale to dfcu Bank.

Daily Monitor , Uganda Feb 21, 2019

Impunity at Bank of Uganda

During a meeting to resolve the problems of CBL at the ministry of Finance, Justine Bagyenda, then Executive Director Bank Supervision, told me point blank: “we are the state and were going to destroy Sudhir and take all his property, including that private home he is very proud of if he does not play ball.” Today I feel proud that I live in a country with strong institutions to check this kind of impunity.

The Independent , Uganda Feb 17, 2019

BoU paid lawyers Shs9b to draft Crane Bank agreement

A meeting that was also attended by Ms Justine Bagyenda, who was the executive director for commercial banks supervision.

Daily Monitor , Uganda Feb 14, 2019

MMAKS advocates lawyers quizzed on conflict of interest

The negotiations were conducted by a team consisting of the former BoU Executive Director Supervision Justine Bagyenda, Legal Counsel, Margaret Kaggwa, the former Crane Bank Managing Director, A. R. Kalani and Timothy Kanyelezi Masembe, a lawyer from MMAKS Advocates.

The Independent , Uganda Feb 13, 2019

BOU: Lawyers of MMAKS Advocates quizzed on conflict of interest

The negotiations were conducted by a team consisting of the former BoU Executive Director Supervision Justine Bagyenda, Legal Counsel, Margaret Kaggwa, the former Crane Bank Managing Director, A. R. Kalani and Timothy Kanyelezi Masembe, a lawyer from MMAKS Advocates.

The Independent , Uganda Feb 13, 2019

Police summon journalists over Central Bank stories

Last year, at least seven journalists were summoned by CID over similar offences when they published alleged bank details of Ms Justine Bagyenda, the former Bank of Uganda executive director for banks supervision.

Daily Monitor , Uganda Feb 11, 2019

Kasaija blasts BoU over closed banks

For NBC, former shareholders have testified that they raised the Shs7b that the central bank had set for capitalisation but Ms Justine Bagyenda, the former director for commercial banks supervision, instead demanded that the money be invested in treasury bills.

Daily Monitor , Uganda Feb 9, 2019

Former Crane Bank board chair accuses BOU of frustrating investors

Biribonwa said that the investors including Atlas Mara and Lanka Orix Leasing Company (LOLC), a Sri Lankan investor had also met with the former BoU Executive Director Supervision, Justine Bagyenda and that she knew they were in the process of conducting due diligence.

The Independent , Uganda Feb 7, 2019

I was coerced to buy National Bank of Commerce – Sudhir

But Sudhir says that Crane Bank was never interested in acquiring the assets and liabilities of the National Bank of Commerce-NBC, but was coerced by former Central Bank Executive Director Supervision, Justine Bagyenda, through a phone call placed to former Crane Bank Managing Director A.R Kalan.

The Independent , Uganda Feb 7, 2019

Crane Bank closure: Sudhir wants Shs584b from BoU

When BoU officials led by Governor Tumusiime Mutebile and former director for commercial banks supervision Justine Bagyenda appear before the inquiry tomorrow, MPs will question them how they concluded the Crane Bank takeover that was worth Shs1.8 trillion in less than 24 hours.

Daily Monitor , Uganda Feb 7, 2019