Justine Bagyenda held several bank accounts where she did significantly large transactions; at least larger than her known salary at the central bank. While we cannot competently call her a money launderer, her act of wiring money from her DTB Account to her Barclays account and then wiring it to another third party account in Centenary Bank, in 47 regular but smaller transactions, only for it be withdrawn almost immediately, has all the hallmarks of money laundering. But good enough, already the Inspector General of Government is already investigating her, so if she is innocent, she will get to prove herself innocent.
Although the central bank recently denied that the much-feared former Executive Director, Justine Bagyenda, had been forced into early retirement, news emerging about her vast real estate riches and, most recently, her multi-billion bank balances, could shade a light into why Governor Tumusiime Mutebile could have swung an axe, months before her retirement was due.
Her early retirement – seen by many as “handling with kid gloves, one of their own