Tag Archives: Bank fraud

Some former staff members of Post Bank Uganda Limited have been accused of abuse of office which led to a financial loss of Shs292m. Their trial, which had been halted, will now resume today (Friday). Staff members in question include former managing director Stephen Mukhweli and executive director of credit and business growth Alex Kayaayo. Also, the head of business ...

The Bank of Uganda (BoU) has been tasked to investigate allegations of digital bank fraud. The Prime Minister, Robinah Nabbanja directed BoU to investigate the issue causing concern among Ugandans. Many of these claim that their funds have been withdrawn without their knowledge. Kasambya County MP, David Kabanda brought this matter to light during the PM’s questioning session of the ...

Centenary Bank has come out to confirm that it was one of their staff members who stole a client’s money. It should be noted that the bank came under heavy criticism from the public yesterday after a client lost over 100 million shillings from her account with the bank. Reports started circulating that the bank had said that this client ...

Interpol-Uganda recently compiled the latest figures and apparently, hackers have become more lethal during the current covid-19 pandemic era. Statistics on cyber-crimes contained in a report by Interpol director Charlese Birungi indicates Shs14bn lost to fraudsters. Interpol suggested that they have lost this money in more than 200 cases of hi-tech, international, and economic crimes. Of these, bank fraud, issuance ...

A black American woman identified as Kelyn Spadoni from Lousiana USA has found herself in trouble after refusing to return over UGX4 billion that was mistakenly deposited in her bank account. The costly mistake reportedly happened in February 2021. However, since then, the lady has ignored every call, texts and email from the bank. Somethng that prompted the bank to ...