NEWS

Banks apologise to former BoU director over leaked account details

Ms Justine Bagyenda

Barclays Bank Uganda Ltd has apologised to Ms  Justine Bagyenda, the former Bank of Uganda director for supervisions, for exposing her accounts details in the media.

This is the second commercial bank, after Diamond Trust Bank (DTB) to apologise to Ms Bagyenda, following the leaked details of her bank accounts.

It was reported earlier this month that Ms  Bagyenda had Shs19 billion on three different accounts. This information sparked a public debate on how she accumulated such an amount of money within six years.

BoU auditors reportedly discovered that Bagyenda operates both Shillings and Dollar accounts in Diamond Trust Bank, Centenary and Barclays  banks on which she is had kept billions of Shillings, although  how she accumulated all this money has remained subject to queries.

Read: shocking-details-on-how-former-bou-director-bagyenda-hid-billions-in-3-accounts.html

Sources reveal that Bagyenda owns account number 5106903903 in Diamond Trust Bank described as ‘low start savings account’ which as of December 01, 2017, had a total of Shs11.4 billion.

“The same account is expecting another Shs429 million on March, 07 2018 when the Shs179 million she fixed in September 2017 at 10 per cent rate matures,” one of the sources revealed.

Barclays Bank Ltd said in a press release that disciplinary action is being taken against the employee responsible for unauthorised access to Bagyenda’s accounts in line with the law and the bank policies.

“Internal company policies, protecting our customers’ personal data is an utmost priority for us as an organisation,” the bank stated.

DTB also said one of their own staff corruptly leaked the details to outsiders.

Barclays Bank assured the general public that it takes the matter of customers’ confidentially very seriously. However, DTB on their part said the details and the figures in the bank accounts were grossly distorted.

Going by that figure, it implied that Bagyenda is richer than her former boss Dr Emmanuel Tumusiime Mutebile, who is the highest paid salary earner in Uganda.

Dr Mutebile, the central bank governor earns Shs53.3 million per month. According to statements available, Bagyenda has been banking Shs66.6m per week, making it Shs266m per month between 2013 and 2018.

 

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