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    NSSF Boss Byarugaba On The Spot For Fearing To Touch Non-Compliant Firm And Awarding Them New Contract



    Troubled NSSF MD Byarugaba Richard Patrick is in trouble for giving a juicy contract to a security firm, Pinnacle, which doesn’t comply with basic provisions of the NSSF Act. He renewed Pinnacle contract for another 24 months in July 2017 well knowing from internal NSSF audit reports that the guys aren’t paying NSSF monthly contributions for hundreds of their employees.

    In simple terms, the NSSF Act demands that all firms employing more than 5 employees must every month pay NSSF statutory contribution. We have in our possession a letter written by NSSF reminding Pinnacle Security Ltd to pay up in vain.
    This non-compliance is even more unbearable when the non compliant firm continues doing business with NSSF. In this case, Pinnacle continues receiving hefty monthly cheques signed by none other than
    the NSSF MD for providing security services to all the Fund’s installations in Kampala and the more than 20 branches upcountry. The Pinnacle contract expired sometime back and many NSSF stakeholders were of the view it shouldn’t be renewed because of the firm’s failure to comply with the NSSF Act. Byarugaba single handedly ignored these raised concerns and gave Pinnacle a new contract in July 2017 just recently.  A report by the NSSF compliance auditor Allan Agaba shows that Pinnacle’s way of doing things has for a long time been in violation of Section 43 of NSSF Act. The Richard led NSSF top management ordered Agaba to write this letter after it emerged that a section of the board members, supported by thousands of NSSF members, were planning to petition the President and Minister of Finance Matia Kasaijja asking them not to renew Richard Patrick Byarugaba’s contract. The petitioner’s plan was to argue that by continue to do business in billions with such a non compliant firm; Richard Byarugaba had shown the highest level of incompetence and was ripe for dismissal. The petitioners also intended to point out that there are many other business companies and media companies which are taking years without paying NSSF and nothing is done to them because they are headed and owned by the MD Richard Byarugaba’s namesakes and friends.

    Some of the senior managers at Pinnacle Security

    • The petitioners also planned to show how NSSF would be collecting much more money every month if the MD was tough and willing to apply the NSSF Act equally without favoring companies owned by his friends and namesakes. The more shocking details-Richard singlehandedly gave Pinnacle another 2 years in July 2017 well knowing that they are non-compliant. They didn’t compete for the new contract running from July 2017 as they were handpicked by the MD for fear to annoy the very powerful people in high places who are close business associates of Moses Matsiko the owner, Chairman and MD Pinnacle Security. The security firm was helped to cover up its past arrears under what management called retrospective compliance. Sources say that Richard renewed the Pinnacle contract to please Moses Matsiko’s godfathers fearing they can use their political connections to make sure his contract isn’t renewed.  Richard also got a petition from the concerned workers of NOTU the National Organization of Trade.

      NOTU is headed by Sam Lyomoki. The angry workers wanted NSSF to audit NOTU’s compliance when it comes to remitting monthly NSSF statutory contributions but the auditing process was stopped in very unclear circumstances after some members of NOTU management threatened to raise much dust opposing the renewal of the MD’s contract. The NSSF management also used the petition for trade off of some sort to make sure NOTU temporarily abandons its views concerning liberalization of the pension sector. “That is not how the MD should run a public organization with millions of stakeholders like the NSSF is. It must run on principles and this is why some of us our view was that Mr. Richard Byarugaba weren’t suitable for automatic renewal of his contract because his performance as CEO hasn’t the very best” said one of the NSSF board members not satisfied with the way the new contracts were awarded.  In criticizing the way Richard gave the highly connected Pinnacle Security Company the new contract for 24 months; critics are saying Pinnacle’s performance hasn’t been the best. They give examples of numerous girls committing suicide at Workers House to prove negligence and incompetence by Pinnacle which has many guards on the building.

    Pinnacle Contributions compliance audit report prepared by NSSF chief compliance auditor Allan Agaba. It clearly shows the firm is non compliant but the MD Richard extended its contract by 24 months in July 2017

    “It means they slept on the job and girls died on the building which scandalizes the entire Fund operations’ said the source. The other factor the security analysts are raising in opposing Pinnacle is that NSSF has suffered many security lapses and incidents at its upcountry branches especially Gulu where Pinnacle security personnel was found wanting. Those are good grounds any serious manager should have considered while renewing Pinnacle’s contract but when he sat down to renew it in July 2017, Richard the MD wasn’t bothered. All he thought about was pleasing Matsiko’s powerful godfathers to make sure they don’t become annoyed and resist the renewal of his contract. On the issue of non compliance, its alleged further that there are many big organization which default on paying because some subordinate NSSF managers concerned get kickbacks and opt out not to follow up very seriously. Even when he gets these reports, Richard the MD doesn’t act because he is too busy and thinks reprimanding such erratic managers causing loss to NSSF can cause more chaos in the Fund. He only follows up seriously and punishes such managers in case they fall out with him e.g. they go to meetings and support things which he doesn’t like.

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    Stanbic Bank In Trouble, Client Petitions Court After She Was Defrauded Of Shs68m Via Flexi Pay…



    Stanbic Bank CEO Anne Jjuuko whose bank is under fire

    Nakku Joweria a resident of Kyebando has sued Stanbic Bank Uganda limited for failing in its duty of protecting her saving account leading to defrauding her of shillings 68 million which was withdrawn from her account in a period of 24 hours through Flexi pay an application she had never registered for.

    In a court case filed before the Commercial division of the High Court of Uganda and coming up for directions in the registrar Christa Namutebi’s chambers, on the 24th June, 2024 at 9:40am, Nakku Joweria through his lawyers of Kimanje Nsibambi Advocates contends that between 7th and 8th February, 2023, there was unauthorized withdrawal of 68 million shillings from her savings account No. 903000026244 via the Flexi Pay Banking, a platform of Stanbic Bank and a total of 28 unauthorized transactions were conducted by fraudsters who fraudulently accessed her account undetected by the bank.

    She questions how a savings account which had a transaction limit was significantly exceeded during the unauthorized and undetected fraudulent transactions which led to her losing her’ money.

    “Our client has been a loyal client of Stanbic bank since 2001 way before the implementation of the FlexiPay system and at no point did she sign up for or activate the flexi pay on her savings account. The 28 unauthorized withdrawals from our clients account using four unknown Airtel lines raises serious questions and/ or lapses on the part of the bank for which we hold the bank specifically liable for the loss since it was in a better position to detect and prevent this fraud had it exercised reasonable care to detect these suspicious 28 unauthorized transactions that took place within 24 hours on a savings account that was rarely operated by our client,” reads the documents in parts.

    She also questions the effectiveness of the bank’s authentication protocols with their flexi pay system, effectiveness of the transaction monitoring to the extent of allowing 28 unauthorized transactions within 24 hours using four unknown Airtel lines and significantly exceeding the account limit.

    Nakku wants court to direct Stanbic Bank to reimburse 68 million to her account that was fraudulently withdrawn and pay her the costs and damages.

    On 6th February 2023, Nakku Joweria lost her phones to the robbers on her way to work at around 9pm. She reported the incident to police at 9am and to the telecom companies on the 7th February 2023.

    However, the telecom companies MTN and Airtel couldn’t process the new simcards because she had misplaced her original National Identity card.

    The robbers used her MTN number to open up a wallet on the Flexi pay which number had four other Airtel numbers that don’t belong to her which they used to make 28 unauthorized withdraws of 68 million shillings from her Stanbic bank saving account on the 7th and 8th February in a space of only 24 hours.

    When she went to withdraw some money from her account on the 6th, March 2023 that’s when she realized that her money was fraudulently withdrawn from her account.

    She wrote to the bank manager complaining about the matter and the bank promised to do thorough investigations to reveal how the money was withdrawn by the fraudsters.

    Through her lawyers of Kimanje Nsibambi Advocates, she wrote a demand notice to Stanbic Bank manager to reimburse her money since it was their weakness and fault for failure to efficiently protect her account.

    The bank through Twine Arnold, the senior legal advisor, Risk and Dispute Management wrote back with an out of court settlement request.

    However, the bank had proposed to reimburse only 34 million out of the 68 million on the premise that the settlement shall not be taken as admission of liability by any of the parties, a proposal she rejected and instead thought for legal redress in the commercial court.


    By Sengooba Alirabaki


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    Minister Kabanda Panics As Traders Plan To Front Ssekitto To Battle Her For Kampala Central MP Seat…



    KACITA'S Issa Ssekitto and Minister Minsa Kabanda

    Kampala City Traders Association (KACITA) spokesperson Issa Ssekitto has confirmed that come 2026, he is pondering contesting for the position of Kampala Central Division Member of Parliament as an independent.

    Ssekitto revealed that his decision was based on the number of requests he has received from desperate traders who think that the only way to fight bad policies and laws made against them is to have their own in the parliament to argue their case.

    It should be noted that when traders met President Museveni in May 2024 at Kololo independence ground, they warned legislators in parliament who have been passing laws against them that they are going to sponsor their own candidates against them come 2026.

    They claimed that the legislators and other leaders who they showered with votes in the previous elections have betrayed them and it is high time they take over the country’s leadership.

    Sources inside KACITA told theGrapevine that Nagenda Musoke their chairperson also plans to stand for a Member of Parliament in one of the constituents in Mukono district.

    John Kabanda also plans to stand as councilor representing Kampala Central Division on the Lord Mayor’s Council.

    The traders insist that Kampala city and Metropolitan senior minister Hajjat Minsa Kabanda has not helped them as a minister and accuse her of sidelining with their tormentors, especially the Uganda Revenue Authority (URA).

    Since 2023, Minister Kabanda has been conducting clandestine political mobilization to replace Muhammad Nsereko who declared that he is not going to contest in 2026.

    Because of Kabanda’s declaration, Bobi Wine’s elder brother Fred Nyanzi Ssentamu shifted his interest from contesting for Kampala Central MP Seat to Lord Mayor fearing that chances are high that Kabanda will defeat him.

    Traders want parliament to remove EFRIS and reduce taxes on commodities especially imported items.

    However, President Museveni assured them that his government will not accept their prayers because they are against the country’s development.


    By Hadijjah Namagembe


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    Bank Bosses In Trouble For Allowing Sanctioned M7 Gov’t Official To Access Money On Her Account..



    L-R: Agnes Nandutu, Goretti Kitutu and Speaker Anita Among were all recently sanctioned

    The Western powers have kicked off investigation into allegations that bank bosses in Kampala allowed President Yoweri Kaguta Museveni’s sanctioned government officials to access and use their financial services.

    Sources in one of the top banks intimated to theGrapevine that their boss has been summoned at their bank headquarters in the United Kingdom to record a statement detailing how the incident happened and why.

    Sources claim that this senior government official was informed early that President Museveni was briefed about her sanctions and when she asked her lawyers what the sanctions meant, they quickly advised her with immediate effect to rush to the bank and withdraw her money which she did.

    “She came herself and withdrew her money and went with it, but we don’t know whether our bosses were already informed about the sanctions,” a source said.

    This bank source narrated to us a scenario where the former Inspector General of Police Gen. Edward Kale Kayihura’s close relative was denied the opportunity to open a bank account in their bank on grounds that his father was sanctioned and their bank was not allowed to do any financial business with him.

    Recently, the State Minister for Lands Dr. Sam Mayanja revealed that retired High Court Judge Moses Mukiibi told him that because of the sanctions, he could no longer access his money in the banks.

    He added that they asked President Museveni to intervene.

    However, the judiciary last week issued a statement noting that Justice Mukiibi is receiving his retirement benefits as a retired judge.

    Veteran journalist Joseph Tamale Mirundi explained that western powers give a sanctioned official six months to clear whatever they have in their respective countries including repatriating their relatives from their countries.

    But Alex Waiswa Mufumbiro, the National Unity Platform (NUP) deputy spokesperson said that the sanctions take immediate effect and all the money on bank accounts and properties of the sanctioned persons in foreign countries is frozen immediately when the sanctions are announced.

    Mufumbiro’s explanation was supported by a powerful security officer who told theGrapevine that recently, President Museveni posted one of his sanctioned security chief to one of the neighbouring countries; however this officer failed to access his bank account and when he tried to fix his ATM card into the ATM machine, it was swallowed by the machine and he immediately called Museveni pleading with him to withdraw him from the said country.

    Recently, the United Kingdom sanctioned Annet Anita Among the speakers of parliament, Agnes Nandutu the former State Minister for Karamoja affairs and Mary Goretti Kitutu the former senior minister for Karamoja affairs.

    Other government officials who were sanctioned include; Gen. Kayihura, Lt. Gen. Peter Elwelu, Maj. Gen. Abel Kandiho, Maj. Gen. Sabiiti Muzeyi, Maj. Gen. Don Nabasa and a number of others including members of parliament.


    By Sengooba Alirabaki


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