Connect with us

MY MONEY

Post Bank MD Mukweli, Seven Other Bank Bosses Charged With Fraud Offences

Published

on

Mukweli (2nd R) together with other bank officials who were charged with fraud

Post Bank Managing Director (MD) Stephen Mukweli together with seven other Bank bosses have been charged with fraud offences.

Mukweli was charged together with other bank officers on three fraud related charges. Other bank officials charged included Safina Wabuna, the Executive Director, Information and communication Technology at the bank, David Mwesige, the head of Information Technology at Post Bank, Augustine Kisitu, the head of business technology at post bank, Emmanuel Mwaka , Alex Kaheru, the credit  and loan officer and Gilbert Wameya. 

The state alleged that on 16th of October 2017, Mukweli abused his office as the MD and committed arbitrary acts prejudicial to the interest of his employer when he signed a contract for the supply of e-suit banking system to compulynx Uganda limited for UGX 5,774,423,972 instead of UGX 4,200,000,000 that had been approved by the contracts committee, which was against section 11(1) of the Anti-corruption Act 2009.  Wabuna, Mwesige and Kisitu were also charged with abuse of office.

The state further alleged that on 29th October 2017, in Kampala district, the accused did arbitrary acts prejudicial to the interest of their employer and requisitioned, approved and confirmed availability of additional funding of UGX 1,600,000,000 without the approval of the contracts committee. 

The state further alleged that on 26th and 27th of March 2018, the accused abused the authority of their respective offices and did arbitrary acts prejudicial to the interest of their employer to wit requisitioned, processed, approved and effected payment of UGX2,887,211,986,13 to compulynx Uganda limited for the supply of E-suit banking system in total disregard of the payment structure stipulated in the procurement contract. 

The suspects arriving at the anti-corruption court

Stephen Mukweli and Wabuna were also separately charged that in the performance of their duties, varied the sum of the contract for conducting information communication technology test, from UGX 20,235,000 to UGX 37,000,000 to Aptech computer education knowing or having reason to believe that acts would cause a financial loss of the sum of UGX 16,765,000 to their employer. 

All the suspects denied the charges before Anti –corruption chief magistrate Pamela Ochaya Lamono and applied to be released on court bail. They were all released and on the first count were ordered to pay shs4m cash each, deposited their passports in court and each surety was ordered to pay shs80m not cash.

On second count, the suspects were ordered to pay shs2m cash and sureties were told to pay shs10m not cash each. However, Emmanuel Mwaka was ordered to pay Shs7m cash because he has only one count and his sureties were ordered to pay Shs 100 not cash each. The case was adjourned to 30th of May 2019. Post bank bosses were arrested by the Anti-corruption unit of State House headed by Lt. Col. Edith Nakalema for abusing their offices and misusing public funds.

By Jamil Lutakome

Comments

MY MONEY

Battle For Supremacy At Vision Group As Bukedde News Editor Fires His Deputy’s ‘Diehard’ Reporters

Published

on

All is not well at Robert Kabushenga’s Vision Group premises especially Bukedde Newspaper newsroom.

According to multiple sources from the industrial area based printing and publishing house, the war is between Bukedde news editor Ssalongo Richard Kayira and his deputy Semei Wesaali.

Sources told the Grapevine that the silent war erupted when Kayira, the head of the news room published an internal memo with a list of news reporters fired from Bukedde newspaper.  According to sources, Kayira also ordered the security at the gate not to allow the journalists on the list to enter the company premises.

“The list was published but they did not inform us that we were going to be fired,” one of the journalists on the list complained.

The affected journalists petitioned their boss Godfrey Kulubya the head of all the local newspapers at Vision Group.  In their petition, the over 50 reporters told Kulubya that the list is discriminative.

‘The list targeted some individuals because they are diehards to editor Semei Wesaali. Kayira thinks that they are helping him take his position,” one of the reporters who petitioned Kulubya stated. They further explained to Kulubya that there are names of people which were left out yet they are poor performers when compared to some of the people on the list, they even cited some names.

Kulubya was told that most of the journalists left out were working under Kayira in his new DGF project.

On Monday this week, Kulubya called an emergency meeting in Bukedde new room and asked for a written explanation from Kayira why he fired staff without his knowledge or that of the Chief Executive Officer Robert Kabushenga.  Kulubya denounced the list and asked the journalists in the meeting to tell their friends who were fired to come back and work with immediate effect.

“For your information the competition is high so you cannot start firing staff, if it is necessary, let us follow the necessary procedures,” Kulubya was quoted telling the newsroom.

Kulubya further told the meeting that they have plans of laying off a number of reporters so that they can remain with a few competitive ones.

Sources told this website that Vision group bosses are trying to set up new rules where journalists multi task for the various platforms.

According to the new plan, a journalist, when assigned to cover a story, is supposed to file it for New Vision newspaper, Bukedde newspaper, Bukedde radio and Bukedde TV.

When the news about the new plan fell in the ears of reporters, some panicked and bought video cameras and recorders to quickly adapt to the new rules.

When the Grapevine talked to some of the reporters who were not on the list, they disclosed that the journalists who were fired are lazy and don’t want to work. They are just using Bukedde newspaper as an address to extort money from the public.  

Comments

Continue Reading

MY MONEY

There Is No Justice In Ugandan Courts, Judges Have A Mafia Cell That Plays Syndicate And Diverts Cases: You Have To Turn To Witchcraft – Mirundi Advises Senana Building Owner

Published

on

President Museveni’s Adviser on media Joseph Tamale Mirundi has advised Senana building owner Frida Nabirongo to try witchcraft if she is to fight the mafia who want to take her property because courts will not help her.

During his weekly one on one with Tamale Mirundi talk show on NBS TV, Mirundi told Nabirongo that, “You are dealing with a group of thieves, they are stealing from everywhere and have captured the state. What was their intention of pulling Crane Bank down? They wanted to steal from it. That is why that woman was selling it (Crane Bank) via phone.”

“Let her make an agreement with those lawyers (Standard Chartered bank) and give it to me, we shall see how those lawyers will touch it. I wrote a book titled the role of witchcraft in a malicious society. You cannot go to court, they will steal your building because the judges also have a mafia cell. They can play syndicate and divert the case, there is no justice in court,” Mirundi advised Senana to use witchcraft.

According to media reports Nabirongo initially acquired a 20.5b loan from Crane Bank to develop her property on Buganda Road. However, as the project went on, she realized she needed more money and approached Standard Chartered Bank who agreed to settle the Crane Bank loan and advance her more money to complete her project.

Reports add that she had been given 10 years to clear her loan with Crane Bank. However, she was shocked when the Standard Chartered loan documents indicated she had to pay Shs6.5b in just five months.

The businesswoman says that she used the Buganda Road title to acquire the Crane Bank loan and it was moved to Stanchart when they took over the loan.

“In the whole world, once the mafia get money, the president who helped them get that money becomes a liability. By the time those men took Sudhir’s bank, did they transfer his debts and loans that Crane Bank heard on the conditions that were given to the borowers by Crane bank or the conditions changed?” Mirundi said.

Last week, Standard Chartered bank through their lawyers of Sebalu and Lule advocates advertised Nabirongo’s Senana Building located along Buganda road over failure to pay the Shs6.5Bn loan acquired  from the bank.

The newspaper advert read that Standard Chartered Bank’s lawyers, Sebalu & Lule Advocates had instructed Century Associates to auction the building. “Duly instructed by Sebalu & Lule Advocates on behalf of their client the register mortgage, we shall proceed to sale by public auction the property mentioned below unless the debt pays all monies owing plus lawyer fees, our fees, costs and disbursements before date of sale,” the newspaper notice read.

According to the notice, transactions of the sale of properties will be held after 30days from date of notice at Sebalu and Lule Advocates offices in Kampala and all current occupants have been asked to cross check their tenancy status within 14days.

By Doreen Menezer

Comments

Continue Reading

MY MONEY

I’m Going To Start A Bank Where We Lend People Without Asking For Land Titles Or Security – Pr. Bujjingo

Published

on

House of Prayers Ministries International (HPMI) senior Pastor Aloysious Bujjingo has told his congregation that he is soon going to start a bank where people can borrow freely without collateral.

During his ‘chapter 2’ sermon on Thursday, Bujjingo said that after the construction of 38,000 Pentagon seater church, he is going to start the battle to fight poverty by empowering Ugandans financially.

“I strongly believe that after the construction of Pentagon a 38,000-seater church, there is no reason why anyone among us should be poor,” Pr. Bujjingo Said.

Pr. Bujjingo declared that despite facing many detractors, who are trying hard to soil his name, he is ready to bless others because God has also blessed him. He said that he doesn’t want much from the world apart from fulfilling his calling of making sure that people are delivered both spiritually and physically.

He said that there are many educated people who are suffering because they lack opportunities to exercise their expertise.

“God has blessed us and many are educated among us, that’s why I have plans to establish a financial institution like a bank. Because so many here are accountants and you are teaching your children to be. I do not need to be an accountant but I need you who are accountants. I have declared it, those who want to fight against it, you can go head but God will establish it. We need to have a system of lending money to people without requiring land titles or any sort of security,” said Pr. Bujjingo who already employs hundreds of journalist, engineers, marketers and accountants under his Salt Media company.

He emphasized to the believers to avoid relying on gossip but work hard and listen to God if they want to triumph.

Bujjingo also dismissed social media allegations that he owns Canaan soda.

He Commended all the people who have stood with the ministry amidst the storm it has faced recently and the Salt Media audience who have persistently followed the message of the good news of the word of God.

By Doreen Menezer

Comments

Continue Reading

like us

TRENDING

error: Content is protected !!