Shs 1b Fraud Blamed On Top Managers By Tropical Bank Staff

Posted by: Kyeyune Andrew Jonathan in Uganda news July 15, 2022

Top managers at Tropical Bank are in hot soup after accusations of involvement in a scam to steal from a customer’s account. Previously, the blame had been put on seven former employees of the bank, but they also blamed it on the top management.

The seven employees are; Mr Michael Kaggwa (sales officer), Mr Brian Anguni (customs service officer), Ms Aisha Nakyanzi Katongole (senior compliance officer), Ms Imran Sadiq Hussein (bank relations officer), Ms Sarah Baiga Kakyamya (branch operations supervisor), Mr Abdu Nabonyene (operations branch manager) and Ms Janer Zainab Ntaro (chief teller).

In addition, also with the aforementioned staff is lawyer Musa Lukungu.

On Tuesday, the group appeared before the Anti-Corruption Court. They told the presiding Grade One Magistrate, Ms Joan Aciro that the top managers are in on the deal despite them being at large.

They decried selective prosecution by the DPP’s office.

Because of that, they demanded that the DPP’s office is ordered by court to provide the documents from the bank’s head in charge of legal affairs and compliance department to them. This intended to provide them with grounds to defend themselves against the charges they are facing.

Prosecution case states that Mr Lukungu conspired with the bank officials In November 2021 at Tropical bank offices in Kampala to defraud the financial institution of Shs1b. Ms Margaret Nabona irregularly received this payment as well as the administrator of the estate of bank customer, Abdurrezagh Elmrabet.

State attorney David Mugamba, mentioned 14 exhibits during the session which they will rely on in the trial of the accused.

They include letters of administration, newspaper advert, death certificate issued by National Identification, among others which were used to declare the account owner dead.

History

It should be noted that in November 2021, a Memorandum of Understanding between Mr Lukungu and the bank indicated that Mr Sowedi Toto and Ms Margaret Nabona allegedly orchestrated the scheme.

They started this by declaring the owner of the bank account dead whereas not.

To be able to obtain the money, the duo reportedly obtained letters of administration to Abdurrezagh Elmrabet’s estate and presented the same to the bank to access his account numbers.

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