Bagyenda Who Is Being Investigated For Money Laundering Misses FIA Board Job

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Four of the five incoming members of Financial Intelligence Authority (FIA) board of directors were sworn in on Tuesday. However controversial Justine Bagyenda, the embattled former supervision director at Bank of Uganda, was a no show confirming reports that she had been dropped.

New FIA board chair, former Central Bank governor, Leo Kibirango said shortly after being sworn said a replacement for Bagyenda is being sought and will be announced soon. Finance Minister Matia Kasaija presided over the function swear in the much needed board.

He commended the FIA board for putting in place regulations that have saved the country from being blacklisted for deficiencies relating to control of money laundering and terrorist financing.

Other members of the board include Deputy Secretary to the Treasury, Mr Patrick Ocailap, Police CID Director Grace Akullo and Ms Patricia Mutesi, the Principal State Attorney in the Attorney General’s Office. Mr Sydney Asubo, the FIA Executive Director, is an ex-officio on the board who is serving his second and final three-year tenure.

Bagyenda is being investigated by FIA and IGG had been scheduled to appear before a parliament committee to vet but decided to stay away. Bagyenda said she was out of the country but leaked data of her mobile phone indicated she in Kampala.

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