Bank of Uganda is going through one of its hardest seasons and it keeps getting worse by the day. The latest news involving the central bank point to an institution that is being mismanaged and setting a bad precedent in the echelons of public service.
In February, 2019, a damning report by parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) after probing the irregular sale of commercial banks by Bank of Uganda unearthed how the central bank flaunted laws, protocol, procedures and perfected negligence when taking and selling banks deemed unfit to serve in the banking sector for various reasons.
New exposes emerging from various news wires reveal how Bank of Uganda governor Emmanuel Tumusiime Mutebile illegally hired people in key high bank’s positions, demoted and transferred others without prior approval of the board of directors and following the layed out laws governing Bank of Uganda.
This, according to information available, went on even after the interference of the Inspector General of Government. Apparently, when the IGG intervened, Mutebile was quick to remind the IGG of the central bank’s autonomous status and how they are not answerable to the IGG office.
These development sucked in President Yoweri Museveni who was not happy with the bad publicity the central bank was getting. The president then instituted the Presidential Tripartite Committee to investigate and make a report. The committee did its work and filed a report which as expected is going to be studied and cause action.
The Presidential Tripartite Committee had the following members: Hon Abdu Katuntu(MP) Chairperson , Hon Anita Among (Hon) member, Hon Micheal Tumusiime(MP) member, Hon Elijah Okupa (MP) Member , Lady Justice Irene Mulyagonja Kakooza (IGG) Member, David Makumbi (IG Staff) member, Justus Kareebi (IG Staff) member, Sarah Birungi (IG Staff) Committee Secretary, Judy Obitre-Gama (BOU Board) member and Keith Muhakanizi (BOU Board) member.
Mutebile, on 7th February 2018, issued an internal memo in which he communicated a number of staff transfers and appointments. The memo communicated appointments of five staff from outside the bank to various juicy positions in the bank of Uganda.
After the Governor made these reshuffles a number of complaints were filed with the Inspector General of Government and the parliamentary committee on Commissions, statutory authorities and state enterprises (COSASE).
The Allegations that were picked by the Presidential Tripartite Committee were eight in number and they are below.
1- The complainants wondered how six new staff were appointed from outside the bank without interviews. They include Dr Twinemanzi Tumubweine, Executive Director Supervision, Valentine Ojangole as Director Banking, Edward Mugerwa as Director IT Operations Department, Ms Kande Sabiiti as Procurement Assurance Manager (Director), Dr Natamba Bazinzi as Assistant Director Currency Administration in currency Department.
2- The newly appointed staff were granted permanent and pensionable terms contrary to probationary policy.
3- Two new externally recruited staff lacked the minimum academic requirements for entering bank of Uganda, they are Twinemanzi Tumubweine and Kande Sabiiti.
4- Governor Emmanuel Tumusiime Mutebile created five new positions that did not exist on approved structure of Bank of Uganda and some lacked job descriptions.
5- The Governor Promoted nine staff members to assistant director level without conducting interviews.
6- Two new Directors have been appointed to departments with substantive directors creating confusion as to what happens to existing directors.
7- One deputy Director was demoted to assistant director without justification, Ms Angela Kasirye.
8- The appointment of Tubemanzi Tumubweine was premised on nepotism, influence peddling and conflict of interest.
After the complainants were filed the Inspector General of Government wrote on 23rd February 2018 to the Governor and requested him to respond. On 6th March 2018, Governor Mutebile responded to the IGG’s letter saying he followed the law.