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Financial Intelligence Authority probes Bagyenda over money laundering

by March 24, 2018

The Uganda Financial Intelligence Authority (FIA), has formally placed former Bank of Uganda Executive Director, Supervision, Mrs. Justine Bagyenda under investigation over allegations that “the assets and finances she has are not commensurate with her earnings as a public officer.

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Mobile money agents are part of the backbone of Uganda’s financial system, taking the largest share of withdrawal fees. From a UGX 4,325 charge on a UGX 150,000 transaction, for instance, they earn about UGX 1,600, roughly 37%, reflecting their critical role in providing liquidity and enabling access to cash nationwide.
Mobile money agents are part of the backbone of Uganda’s financial system, taking the largest share of withdrawal fees. From a UGX 4,325 charge on a UGX 150,000 transaction, for instance, they earn about UGX 1,600, roughly 37%, reflecting their critical role in providing liquidity and enabling access to cash nationwide.

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Muhereza Kyamutetera

Muhereza Kyamutetera

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to #TakeYourPlaceInTheAfricanSun

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