IGG starts auditing Kasekende’s wealth - Daily Post Uganda

IGG starts auditing Kasekende’s wealth

IGG boss, Irene Mulyagonja and Bank of Uganda governor, Dr Louis Kasekende.

KAMPALA – The Inspector General of Government (IGG) Irene Mulyagonja has started the process of verifying the assets, income and liabilities of the Bank of Uganda (BoU) deputy governor, Dr Louis Kasekende.

On October 18, 2018, the IGG wrote to Kasekende informing him of the decision to verify his assets, which she said was according to the Leadership Code Act, 2002.

“Mr. Victor Acidri, a Senior Principal Inspectorate Officer and Ms. Doreen Tusiime, an Inspectorate officer, have been authorized to conduct the verification exercise and obtain information in respect of this matter,” read part of the letter.

The IGG asked Kasekende to cooperate with the officers as they seek to establish the truth. Kasekende and other top officials at BoU are currently in the spotlight as parliament’s Commissions, Statutory Authorities and State Enterprises (Cosase) quizzing them over the controversial liquidation and sale of seven commercial banks. Some of the officials are alleged to have benefited from the deals.

However, early this month, Eagle Online ran an article showing that Kasekende possesses properties which have a market value of close to Shs21 billion.

The properties, which include building and free land are mostly located in Kampala and Wakiso districts. The two districts have the highest prices for fixed properties such as land and buildings due to high demand caused by the many social and economic activities that take place within the two districts.
The documents are set of evidence, a whistle blower is said to have given the Inspectorate of Government.

According to the leaked document, Kasekende’s properties, 20 in number, range from medium to high class residential establishments enjoying the special amenities that come with their strategic location within the proximity of the city centre.

The document shows that Kasekende owns plots of land in Lukuli Makindye (2), Makandwa, Sentema and Bira (2), each measuring below an acre.

On the other hand the document shows that Kasekende has 14 plots of land developed with residential premises, ranging from 0.168 acres to 3.68 acres. Some of the developed plots are situated in areas of Kiwatule, Munyonyo, Kisugu, Kulambiro, Lower Naguru, Najjera and Lubowa Estate.

Another leaked document revealed Kasekende has not declared all the wealth that he owns as required by the Leadership Code Act whose aim is to stop public officials from embezzling public funds.

The document reveals that Dr Kasekende has eight undeclared plots of land worth billions of shillings in Buloba and Lower Naguru. The plots Kasekende has never declared are; Plot 38 (0.157 hectares) in Lower Naguru on East road worth Shs1.280 billion, Plot 1423 on block 314 in Buloba worth Shs432 million.

Others whose value is not quoted are; Plot 1738 (0.809 hectares), Plot 3213 (0.079 hectares), plot 1427 (3.647 hectares), plot 184 (2.7 hectares), plot 1754 (1.624 hectares) and plot 6102 (0.317 hectares). The plots are all found on block 314 in Buloba.

Meanwhile Kasekende was able to declare fiver properties. They include; Plot 2A (0.142 Hectares) in Makindu worth Shs3.6 billion, Plot 2 (0.22 Hectares) on Bukoto Rise worth Shs2.7 billion, Block 314, plot 706, Plot 1475 Lubowa Estate work Shs3.6 billion and Plot 12 on Corporation Road Ntinda.



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