Nakalema Confirms Investigating BOU Officials at Mutebile’s Request

Bank of Uganda headquarters in Kampala

The Head of State House Anti-corruption Unit, Lt Col Edith Nakalema has confirmed media reports of a raid on Bank of Uganda which resulted in the arrest of a total 11 bank and other government officials over the bank’s procurement and supply chain activities.

In a statement issued on Friday June 14, Lt Col Nakalema revealed that the special investigation was carried out in conjunction with the Criminal Investigation Directorate of the Police with Bank of Uganda.

Nakalema said the investigation is being carried out following an invitation by the Governor of the Bank of Uganda, Emmanuel Tumusiime Mutebile and in close cooperation with the Governor’s office.

“The matter under investigation involves a recent procurement consignment. A number of senior bank personnel, Customs and Civil Aviation Authority personnel are being questioned,” Nakalema said.

Nakalema’s statement follows reports in the media that the raid on Bank of Uganda was premised on investigations by the authorities that revealed that Bank officials were involved in printing Shs 90bn in excess when they were sent to Germany to pick the Ugandan currency.

According to the media reports, BOU team led by the Deputy Director in Charge of Operations, Dr. Barenzi travelled to Germany aboard a chartered plane to ferry the printed Ugandan currency.

It is alleged that while in Germany, the group printed excess money to a tune of Shs 90bn of which they used to purchase some personal goods which were loaded on the chartered plane.

The incident was blown by the Uganda Revenue Authority (URA) officials at Entebbe Airport who insisted on verifying the bill of lading whether the extra Shs 90bn and the goods that were bought were cleared by Germany before the plane flew to Entebbe.

Upon receiving complaints from URA, BOU instituted internal investigations which proved that indeed the extra money was loaded on the plane after the bill of lading had been cleared in Germany.

A bill of lading is a detailed list of a ship’s cargo in the form of a receipt given by the master of the ship to the person consigning the goods.

On learning about the incident, President Museveni instructed Nakalema and the Director CIID, Grace Akullo to immediately wing into action and carry on the investigations to the logical conclusion.

The Governor of the Central Bank has Friday issued a statement confirming that he initiated the probe.

“On April 27, Bank of Uganda received a consignment. During the verification process, BOU staff reported an anomaly in the inventory of the expected consignment,” Mutebile said in a statement.

“Therefore I requested the Anti-corruption Unit to investigate the matter. The ACU has started investigations and Bank of Uganda is fully cooperating with the process”.

The Governor assured the public that Bank of Uganda is committed to maintaining the integrity of its operations and that the Bank is working with the relevant authorities to bring this matter to its logical conclusion.

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