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NOT OVER YET: Bank Of Uganda Files Notice Of Appeal Challenging Judge Wangutusi’s Judgment, They Want Sudhir To Vomit Shs397 Billion..



BOU Governor Tumusiime Mutebile and Sudhir Ruparelia

The Central Bank through their lawyers of Byamugisha and company Advocates have filed a notice of appeal in the court of appeal challenging High Court commercial division judge David Wangutusi‘s judgment to recover over 100 million dollars (Shs397 billion) from tycoon Sudhir Ruparelia and Meera  Investment Limited. 

On Monday, The Head of Commercial Court, David Wangutusi dismissed a case in which Bank of Uganda (BoU) Sudhir Ruparelia for allegedly fleecing his own bank (Crane Bank in receivership) of Shs397 billion in fraudulent transactions. The Central Bank was seeking to recover the Shs397bn.

Wangutusi also ordered BoU to pay Sudhir’s legal costs. In his ruling, Wangutusi observed that Crane Bank in receivership at the time of instituting the commercial suit against the businessman and his Meera Investments Company, was none existent, hence never had powers to sue.

Wangutusi added that Bank of Uganda lacked legal basis to sue Sudhir for allegedly transferring sums money from the internal accounts of the defunct Crane Bank which were not mapped on the financial institution’s balance sheet.  BOU claims that the learned judge errored when he dismissed their suit because there was credible evidence that Sudhir withdrew 80,000,000 dollars from Crane Bank as payments to persons, companies and entities for Sudhir’s benefits. 

 The central bank further claims that Sudhir withdraw Us9.27m through Technology Associates which has no contract with Crane Bank or Meera investments. The central bank wants the three justices of the court of appeal to declare that Wangutusi errored in facts and law to dismisses their suit against the city tycoon. The bank claims that Sudhir mismanages the tax payer’s money worth shs400bn which was withdrawn from the treasury to save Crane Bank. 

Tycoon Sudhir celebrated the dismissal of the BOU suit and revealed to journalists that he has defeated BOU mafias who stole his bank.

By Sengooba Alirabaki



M7 Fires URA Boss Doris Akol And Replaces BOU Deputy Governor Kasekende…



President Yoweri Museveni has fired the Commissioner General of Uganda Revenue Authority (URA) Doris Akol and replaced her with  John Musinguzi Rujoki.

In a post on his social media pages, the president said, “By virtue of powers granted to me by the Constitution, I have appointed Mr. John Musinguzi Rujoki as the new Commissioner General of Uganda Revenue Authority. This appointment takes immediate effect.”

Doris Akol was announced URA boss by Maria Kiwanuka, the then Ugandan Minister of Finance, Planning and Economic Development, on Monday, 27 October 2014. She replaced Allen Kagina, who retired after two consecutive five-year terms at the helm of URA.

The president also replaced Bank Of Uganda (BOU) Deputy Governor Louis Kasekende with Dr. Michael Atingi-Ego.

“I have also appointed Dr. Michael Atingi-Ego as the new Deputy Governor, Bank of Uganda. I have forwarded his name to Parliament for vetting,” the President noted.

Kasekende began his five-year term in this position on 18 January 2010 having served in the same capacity from 1999 until 2002.


By Temuseewo Mpoza


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Tycoon Ham’s Family In Fear As DTB Bank Hires M7’s Top Lawyers: Bank Wants To Attach His Home, City Commercial Buildings If He Fails To Pay Over Shs. 39bn…



  • Diamond Trust Bank (DTB) has hired President Museveni’s top lawyers to muscle the family of the youthful city tycoon Hamis Kiggundu alias Ham over his debt of Shs. 39bn.

On Wednesday, Ham wrote to DTB asking them to vomit his 200 billion that they withdrew fraudulently from his accounts.

President Museveni’s adviser on media Joseph Tamale Mirundi revealed that on Friday morning, he met a worried Ham at his Ham shopping mall offices and he narrated how DTB has been cheating him.

Mirundi said that Ham intimated to him that he discovered that DTB has been cheating him when he hired external auditors to audit all his businesses both locally and internationally and that he had lost over shs200bn.

Mirundi said that he comforted Ham not to worry because even though DTB bank had hired K&K Advocates (formerly Kiwanuka & Karugire Advocates), a top commercial law firm that also represents president Museveni, the overwhelming evidence he has against them will expose the bank’s fraud to the public.

K&K Advocates is funded by president Museveni’s son-in-law Edwin Karugire and his close family friend Kiryowa Kiwanuka. The law firm is good at constitutional and commercial cases which they have always been winning.

Mirundi said that Ham’s case is going to open people’s eyes because banks have been stealing people’s money fraudulently. He gave an example of the Dfcu, NC bank case against property mogul Jomayi.

“Now that bank is boasting that they have hired expensive lawyers but we shall defeat them. If I fight for others what about my own.

I know my young brother Karugire, I know he is good in commercial law but this Ham case is very complicated and I don’t think that they will win it,” Mirundi said.

Ham ran to High Court Commercial Division seeking an order stopping DTB from attaching his properties which include his palatial residence at Kawuku, Wakiso district which sits on Kyadondo block 248 plot 328, other commercial properties which the bank wants to attach include Kyadondo block 11 plots 36-38 Victoria crescent, block 9 plots 923 Makerere.

According to his affidavit, Ham told court that he has been a client of DTB bank for over ten years and between 2011 and 2016 he secured a loan of Shs.41bn and he used his properties as security.

He revealed that in the process of wiring the money from the bank account to his company accounts of Ham Enterprises Uganda limited and Kiggs international Uganda limited, the bank did not put the agreed amount of the money on his accounts.

He accusses the bank of fraudulently siphoning over Shs.200bn from his accounts without his knowledge and consent over a period of 10 years.

“I wrote to the defendant (DTB) demanding for a full Accounts Figurative Audit, Account Reconciliation and a detailed explanation on the same, otherwise my money should be refunded to my accounts within Five days and my Certificates of Titles be returned.

Failure of which leaves me with no choice but to seek redress from the Regulator or constitute legal action for remedies against Diamond Trust Bank Uganda/Diamond Trust Bank Kenya to recover these moneys,” Ham’s affidavit reads in parts.

He also sought court injunctive orders restraining the defendants and their representatives, nominees or assignees from attaching, selling, transferring and/or interfering with his legal interests and physical possession of his properties, on account of any alleged debt and or accrued interest.

He also wants a declaration that the defendants jointly and severally acted in breach of contractual, fiduciary and statutory duties during the subsistence of bank-customer and contractual relationship with his companies.

However, the bank responded to Ham’s plaint saying that they were taken to court by the plaintiff in bad faith. DTB said that Ham acknowledged and accepted everything before signing the loan documents. They also accused the tycoon that after he failed to service his loan, he was served with the demand notices until they had no option but to attach his property to recover their money.


By Ssengooba  Alirabaki


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M7 PS Forces MTN To Vomit Her Money: Telecom Giant Had Asked Her To Produce Death Certificate, LC1 Letter And Police Letter If She Wanted To Get Back Her Money She Erroneously Sent To A Dead Brother’s Phone…



Telecom giants MTN was today forced to vomit cash that was erroneously sent a dead person’s phone by one of M7’s Press Secretary.

Yesterday, Linda Wamboka Nabusaayi, President Museveni’s Press Secretary sent money using MTN’s mobile money platform to a wrong number of her dead brother.

However, when she tried to retrieve her money, MTN shamelessly told her to get letters of administration, death certificate, LC1 letter and police letter if she is to get her money back.

“I erroneously sent money meant for my niece to her late father’s number which she could not access. MTN says I should get letters of administration of my brothers estate, his death certificate, LC1 letter, police letter or I can’t get money back. Where does this money go,” Nabusaayi said.

This aroused the pain that most Uganda’s go through to get their money back that they send to wrong numbers and inactive numbers and they answered with a lot of bitterness with many saying that if the telecom company can attempt to swindle a president’s press secretary, what about a poor person trading down town or deep in the village who has no access to the powers that be.

“As connected as you are to the centre of power it’s amusing to see you helpless. Too many questions from all of us and no answers forthcoming!! UCC is proving kinda useless,” Arinaitwe David, a concerned Ugandans wondered.

Richard Tindamanyire said, “My sister, that’s daylight, glaring thuggery and robbery by MTN. The reason the President should go ahead and force them to close shop. They have robbed Ugandans enough, URA Tax arrears notwithstanding.”

Masha Abrah Abbie said, “MTN ON SPOT FOR STEALING FROM THE DEAD: This is how MTN Uganda has been robbing from the dead since mobile money inception. Imagine they are tossing President Yoweri Kaguta Museveni ‘s press secretary, what about an ordinary Ugandan.

Actually, many people just give up and all the money is swindled by these foreign thieves.”

Later, because of the weight behind the name, MTN contacted Nabusaayi and she later got a cash back.

“Good morning tweeps. Thank you all for your concern. And thank you @mtnug I got the money back. I appreciate you all,” Nabusaayi said.

MTN replied, “Folks, clarification on the related issue of how to access MM Funds of a deceased person. Similar basic principle like it is in many other financial circles. At any of our service centers, present; i) Death Certificate of the deceased. i)Proof that you’re the right claimant, i.e., letters of administration. We can’t release funds without solid proof of the circumstances surrounding the release. It may sound Callous but its in the best interest of both sides.”

Surprisingly, Nabusaayi did not present the letters of administration of her brothers’ estate, his death certificate, LC1 letter and police letter.

This left many wondering whether poor Ugandans who do not have access to the powers that be ever get their money back.

“You only worked on big people otherwise a small person will have never got back his money,” Louis Tumusiime Kau said.

By Josephine Kauma


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