Former NSSF boss Jamwa runs to Supreme Court to overturn 12 year

Kenneth Kazibwe

Kenneth Kazibwe

, Featured

Former Managing Director at National Social Security Fund, David Chandi Jamwa has run to the Supreme Court to challenge his 12 year sentence.

On Monday,the Court of Appeal  quashed an application in which Jamwa was challenging his 12-year sentence handed him by the Anti Corruption Court in 2010 after being convicted of causing a financial loss of 3.1 billion to government.

In a notice of appeal lodge before the Supreme Court on Wednesday, Jamwa says he was bot satisfied with the ruling by the Court of Appeal to uphold the position of the lower court.

“I am dissatisfied with the decision of  justices Opio Aweri and Kenneth  Kakuru for upholding and confirming the conviction and sentence,”Jamwa says in his notice of appeal.

In their judgement read by Justice Kakuru on Monday,the panel of justices of the Court of Appeal contended that evidence showed that the sale of government bonds by NSSF, headed by Jamwa only two days to their maturity led to a financial loss to government.

Quoting one directors from Bank of Uganda, the judges in their judgment argued that Crane bank that bought the bonds made a lot of profits when they sold them only two days after buying them from NSSF.

The judges wondered why Jamwa as  the NSSF Managing Director was in a hurry to sell off the bonds only two days to their maturity date having been kept for over three years but sold below the guaranteed price.
“We find that he had reason to believe his act would cause financial loss but went ahead and sold the bonds below the guaranteed price causing a financial loss to government. ”

In 2010, the Anti Corruption Court’s Justice John Bosco Katutsi acquitted Jamwa of abuse of office but the justices of the appellant court overturned it before sentencing him to four years imprisonment to run concurrently with the 12 years.

However, in his notice of appeal, the former NSSF Managing Director says it was wrong for the two judges to re-evaluate evidence from the Anti-corruption court to subsequently convict  him of abuse of office.
Jamwa had been out on bail for seven years after being released in 2011.

 

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