FDC says Mutebile was held hostage by President Museveni to remain in office

The Forum for Democratic Change, FDC Party has mourned the death of Central Bank Governor Emmanuel Tumusiime Mutebile who died in Nairobi on Sunday 23rd January 2022.

FDC says Mutebile was held hostage by President Museveni to remain in office
Story by Howwe Editor Photo :

The Forum for Democratic Change, FDC Party has mourned the death of Central Bank Governor Emmanuel Tumusiime Mutebile who died in Nairobi on Sunday 23rd January 2022.

Speaking to reporters during the party’s weekly press briefing at Najjanankumbi, Patrick Amuriat the FDC Party president noted that Mutebile was held hostage by Mr. Museveni and struggled throughout his tenure at Bank of Uganda to stabilize the shilling he undermined by printing extra money to sustain the regime. 

He noted that because of the over hatching influence of the regime on bank of Uganda, the economy is on drip.

“We borrow more than Shs 7 trillion annually to pay salaries of government employees and to fund other recurrent expenditure. That is partly what has kept interest rates high because private people are competing with government. As a central bank governor, he has been the regime’s principal economic advisor and he takes a big share of the blame for its failed economic policies. The Bank of Uganda was turned into a Museveni wallet” Amuriat said.

He reminded Ugandans of the first Shs 19 billion bailout to Bassajjabalaba, NRM chairman for entrepreneur’s league then and the Shs 142 billion fictitious compensation to the same man.

Amuriat said that Mutebile’s death in Nairobi speaks volume about the ailing health facilities in the country, and that he did not have to die in office, since he has been unwell for a number of years and ought to have vacated office. 
He blamed greed as the cause for his stay in office until death.



Kagwirawo