The Independent Uganda: You get the Truth we Pay the Price
Kampala, Uganda | THE INDEPENDENT | Jailed former NSSF Managing Director David Chandi Jamwa tops a list of 13 inmates who have been offered forgiveness under the Presidential prerogative of mercy, a reliable source has revealed. ” Yes. That letter is authentic and I think he might already have been released from prison,” the source told The Independent on phone.
President Yoweri Museveni’s instrument of pardon stated that, “In the exercise of the power vest in me under article 121 (1) (a) of the constitution of the Republic of Uganda, 1995 as amended and on the advice of the advisory committee on the prerogative of mercy, I hereby grant pardon to the persons below, on public health and humanitarian grounds.”
Jamwa was convicted for abuse of office and causing a sh3 billionfinancial loss by the Anti-Corruption Court. He was sentenced to 12 years imprisonment.
Jamwa was accused of selling several government bonds held by NSSF before their maturity date to Crane Bank, and at a price below their value in 2007. NSSF got sh36 billion instead of an expected sh39 billion from the bonds.
The said bonds were bought at 34 billion shillings, and after a period of three years they were supposed to realise a value of 39 billion shillings and not 36 billion shillings, that Jamwa chose to sell them.
Jamwa got bail soon after the initial conviction, and was in and out of court until the Supreme Court in 2019 cancelled the bail and reaffirmed a 12-year jail term handed to him by the Anti-corruption Court in 2011 for the 2007 loss.
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** PROFILE : WHO IS JAMWA?
