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    DOCUMENTS: Client To Sue Bank Of Africa For Stealing Money From Their Account

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    A client has given Bank of Africa 7 days to return all the money they stole from his account

    Shocking details emerged showing how Bank of Africa has been using their junior staff to withdraw billions of dollars from the accounts belonging to Jeffrey forex bureau, to implement their financial targets, without the client’s knowledge.

    Kinobe and company advocates, solicitors and legal consultants, a law firm, working on instructions of their client Jeffrey forex bureau, has issued intentions to sue the bank.

    In the intention to sue, given to the bank and copied to Bank of Uganda and Uganda bank’s association, the law firm indicates that during 2015 and 2016 the bank staff withdrew 26,321,352.96 USD, 14,639,239,00 EURO and 16,496,651,00 GBP from Jeffrey forex bureau (client).

    The letter further pins the bank top managers for being in the know of whatever was happening adding that they used the opportunity that Jeffrey forex bureau was banking a lot of money daily. The law firm has now given the bank only seven days to return their client’s money and if they fail to do so, they are going to take them to court.

    This website has learnt from a source within Jeffrey forex bureau that the bank should have first got a written authorization from Jeffrey forex bureau to withdraw this money but this was not followed.

    He adds that after discovering the way the money was withdrawn from Jeffrey accounts, the forex bureau management approached top Bank of Africa managers to resolve the matter.

    The bank managers promised to handle the matter speedily but they didn’t fulfil their promise. Jeffrey decided to report the matter under GEF 370/16, at CIID police Kibuli. The implicated junior staff were arrested, taken to police and had their statements recorded. They were later released after Jeffery agreed with the bank that they were going to return the money.

    When the matter reached Bank of Uganda, who are the regulators, BOU advised the Bank of Africa to first freeze the accounts of Jeffrey, BOU later revoked the operational Jeffrey license.

    “Now, we are working without an operational license because of the reckless activities of some senior Bank of Africa managers,” a source within Jeffrey said.

    The Documents to support Jeffrey Claims

    Bank of Africa Speaks out

    When the Grapevine contacted Bank of Africa, the manager marketing and Communications. Doreen Kihembo told us, “I would like to inform you that these reports are false and inaccurate and should be disregarded.” She also gave us a statement from the bank that read:

     

    By Jamil Lutakome

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    CRIME

    Be Forward Company Directors On Run Over Fraud; Clients Cry Foul After Losing Billions…

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    Be Forward company Managing Director in hot soup over fraud.

    Police in Jinja has in custody the managing director, Caroline Nampeera and her accountant, Annet Nagawa of Be Forward company, a Japanese car importer over fraud.

    This comes after a number of customers decided to ambush the company after losing billions of money to the company.

    Steve Manyire, a client who reported the issue that he has lost over Shs.250 million.

    Manyire noted that he paid money for two trucks and a Range Rover that he says have not been delivered by the company.

    “They have received almost a million US Dollars but none of the people who are complaining has received their cars,” he revealed.

    Manyire insisted that this is an organised fraud and advised would be customers not to pay their money.

    Kampala Metropolitan Police Spokesperson Patrick Onyango however confirmed the arrest of the two people adding that the directors are currently on the run.

    “The three directors are currently on the run, we are looking for them. We are currently investigating a case of obtaining money by false pretence,” Onyango said.

    He revealed that Mr.Nkeera, one of the directors is said to hiding in the United States while others are on a run.

     

    By Kalamira Hope

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    MY MONEY

    Embattled NOTU Boss Owere Claims He Was Fired By Drunkards; Petitions Court To Force Him Back In Office…

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    Wilson Owere (L) and Peter Werikhe (R)

    Embattled chairman of the National Organisation of Trade Unions (NOTU), Usher Wilson Owere claims that he was impeached by drunkards who acted illegally without following the organisation’s constitution.

    Speaking to theGrapevine, Owere accuses former NOTU Secretary General Peter Werikhe of facilitating the buying of alcohol and drugs to influence the minds and intelligence of the delegates who committed illegalities.

    He insists that the reason why Werikhe was panicking and fighting to make sure that he is forced out of office is because he knew that he (Owere) had all the evidence implicating him in corruption practices.

    On Tuesday, NOTU delegates passed a resolution to impeach Owere on grounds of incompetence, dictatorship and intrigue.

    Owere was replaced with Stephen Mugole in acting capacity. Mugole has been Owere’s vice chairperson.

    Richard Bigirwa was voted as the acting Secretary General and Moses Mauku was voted as the acting treasurer.

    However, Owere insists that whatever was done was illegal because it was done against a Court order stopping the process.

    “Let them laugh at me but I am telling you, very soon, they are going to face the long arm of the law on charges of contempt of court orders. They are even going to compensate me for humiliating me to the extent of directing security guards to block me from accessing my offices, I am going to become a rich man,” Owere said.

    When contacted, Werikhe rubbished Owere’s allegations and asked him to admit that he was legally impeached and the more he becomes defiant, the more he will humiliate himself.

    “He is talking of a Court Order, who did he serve? He slept with it in his bed with his wife thinking that it is love material. We are also ready for the legal battles,” Werikhe said.

    He explained that if Owere claims that he has mishandled the organisation’s funds, he is also a suspect because they have both been signatories when it came to withdrawing funds.

     

    By Sengooba Alirabaki

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    MY MONEY

    Lawyer Speaks Out On Why Owino Market Land Is To Be Auctioned Within 30 Days Over Shs.2bn…

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    Part of Owino market

    DFCU bank through their lawyers of KTA Advocates has given members of the St. Balikuddembe Market Stalls and Lock Up Shops Owners Association (SSLOA) 30 days to clear a debt of Shs.2bn or lose their land through auctioning.

    Edwin Tabaro, a senior lawyer at KTA Advocates revealed to theGrapevine that their instructions is to recover their client’s money by all means including auctioning the land situated at Kibuga Block 12, Plot 388 Mengo Kisenyi measuring one and half acres.

    “For eight years now, SSLOA hasn’t made any payment and we were instructed to auction the said land,” Tabaro said.

    He explained that in 2010, SSLOA obtained a Shs.4bn loan from DFCU bank to pay premium and ground rent for the subleased land on which the main market sits and they used the Kisenyi land title as security to secure a loan.

    Sources at KCCA told theGrapevine that SSLOA’s troubles started when they secured a loan and KCCA declined to hand over leases to the market land which resulted in Court battles.

    In 2018, High Court judge Musa Ssekaana ordered KCCA to compensate SSLOA with the Shs1.15bn, Shs.500m legal fees and Shs4.8bn as special damages but KCCA only paid Shs.2bn which SSLOA paid to the bank.

    Sources said that since then, SSLOA has been on KCCA’s neck seeking for their payment but they don’t have the said money and they have learnt that they are going back to Court to secure their payments and clear the bank loan.

    President Yoweri Kaguta Museveni directed SSLOA leadership with immediate effect to vacate Owino market leadership and hand it over to KCCA.

    KCCA is in the process of organising fresh elections in Owino market for the vendors to vote their leaders as Museveni directed.

     

    By Sengooba Alirabaki

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