President Yoweri Museveni, through his instrument of pardon, has invoked the authority vested in him under Article 121 (1) (a) of the Constitution of the Republic of Uganda, 1995, as amended. Acting on the guidance of the advisory committee on the prerogative of mercy, he has granted clemency to individuals based on public health and humanitarian considerations.
One of the beneficiaries of this pardon is a figure named Jamwa, who was previously convicted by the Anti-Corruption Court for abuse of office and causing a substantial financial loss amounting to sh3 billion. The court had imposed a 12-year prison sentence on Jamwa.
The charges against Jamwa centered on the sale of government bonds held by the National Social Security Fund (NSSF) to Crane Bank before their scheduled maturity date in 2007. The sale occurred at a price below their assessed value, resulting in NSSF receiving sh36 billion instead of the anticipated sh39 billion from the bonds.
Originally purchased for 34 billion shillings, the bonds were expected to appreciate to 39 billion shillings within three years. However, Jamwa opted to sell them prematurely, leading to the financial discrepancy.
Following his initial conviction, Jamwa secured bail and navigated through legal proceedings until the Supreme Court, in 2019, revoked his bail and upheld the 12-year prison term handed down by the Anti-corruption Court in 2011 for the financial loss incurred in 2007.