The composition of Financial Intelligence Authority (FIA) Board of Governors is now complete after estranged Justine Bagyenda, formerly executive director in charge of supervision at Bank of Uganda (BoU), has been finally replaced on the board.
She was controversially named on the board by finance minister Matia Kasaija at a time the Authority was investigating her for money laundering. Many stakeholders in the finance sector petitioned parliament to force the minister drop her from the board.
Bagyenda, who in a report by parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (cosase) was highly blamed for the dubious sale of seven commercial banks, was replaced by Titus Wasswa Mulindwa, a lawyer at Bank of Uganda.
Speaker Rebecca Kadaga who chaired the Parliament’s Appointments Committee approved Wasswa Mulindwa. The other FIA board members who have already been approved by Parliament are; Mr Leo Kibirango as chairman, Patrick Ocaillap, deputy secretary to the treasury and Grace Akullo, CID Director.
The FIA was established under the Anti-Money Laundering Act, 2013 to combat money laundering activities.
Latest from Earth Finds
- Bank Of Uganda Extends DFCU Bank’s Occupancy Of Sudhir’s Properties
- Why Bunyoro Needs To Focus On Development Minerals Just Like Oil And Gas
- BoU Replaces Sebalu & Lule In Case Against Meera Investments
- Tecno Launches Upgraded Spark 3 Series With AI Bright Camera
- Huawei, Makerere University To Offer Free ICT Certification Courses To Students