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    SHOCKING STORY: How Bitature’s Woes Started With Sudhir: Details On Loan From Crane Bank That Forced Bitature To Run To South Africa: How M7 And Mutebile Were Involved…



    Troubled tycoon Patrick Bitature (R) and Sudhir Ruperelia (L)

    Tycoon Sudhir Ruparelia, the proprietor of the Ruparelia Group of Companies has been dragged in businessman Patrick Bitature’s USD 10m troubles with South African money lender, Vantage Capital.

    Multiple credible sources close to Bitature have revealed to theGrapevine that in 2014, a team of shrewd lawyers in the city connected Bitature to Vantage capitals to give him a loan to save some of his properties that Sudhir had threatened to take.

    These sources divulged that at that time, Sudhir through his defunct Crane Bank wanted to take some of Bitature’s property for failing to pay their loan.

    Crane bank was demanding USD 8 million from Bitature and he had used some of his hotels and buildings to secure the loan.

    Sources divulged that Bitature was advised that to save his properties from being taken by Sudhir, he had to get money from Vantage Capital.

    When Bitature contacted Vantage Capital, they agreed to give him USD 10 million loan.

    Bitature instructed his lawyers, MMAKS Advocates, to draft the agreement.

    Sources added that the city lawyer who connected Bitature to the South African lending company told them (Vantage) to use the services of Kirunda & Wasige Advocates to represent them in the sealing of the agreement.

    Sources divulged that because Bitature was under pressure to save his empire from being put down by Sudhir’s Crane Bank, he accepted the tough conditions in the agreement including the 13% interest annually.

    He also agreed to pay all the taxes of the loan.

    Sources contend that Bitature’s lawyers by then told him that Vantage cannot pay the taxes because they are not registered to operate in Uganda.

    Bitature agreed to use part of the remaining USD2m to pay the taxes.

    When the deal was signed, Vantage paid the money through Bitature’s Stanbic Bank account.

    Sources further revealed that upon receiving the money, Bitature was supposed to transfer it from his Stanbic Bank account to another account in Crane Bank.

    This was a few days to the end of the period to repay Sudhir’s loan.

    Surprisingly, when Sudhir learnt that Bitature had got the money, he went missing.

    Bitature rushed to Crane Bank to deposit the money but the workers there, who were handling his loan told him that Sudhir had given instructions that he (Bitature) was supposed to wait for him to receive his payment.

    Because time was running out, Bitature used his State House connections to reach to President Yoweri Kaguta Museveni for help.

    “It was President Museveni who made a phone call to the late Tumusiime Mutebile, the former Bank of Uganda governor, to receive Bitature’s money. Mutebile told Sudhir to collect his money from Bank of Uganda,” the source said.

    The source added that Bitature moved very fast and deposited the money at Bank of Uganda.

    Surprisingly, 20 minutes after depositing the money, Bitature received a phone call from Sudhir.

    Sudhir told Bitature that he was busy but his people have told him that he (Bitature) was looking for him.

    Sudhir ‘innocently’ asked Bitature whether he had got his money, Bitature told Sudhir that he had got the money and because he couldn’t find him, he had deposited it in Bank of Uganda.

    Sources added that after paying Sudhir, Bitature invested the few remaining money in his Simba Properties Investments company limited.

    Sources asserted that Bitature was in good books with Vantage until 2019.

    Around 2019, he had another cash squeeze. He instructed his lawyers of MMAKS Advocates to restructure the agreement because he was under pressure to pay.

    Sources disclosed that Vantage lawyers told Bitature that he had to add on his securities if he wanted to restructure the agreement.

    His lawyers advised him that based on what he wanted; it was the right move but he refused.

    Sources added that this pressure forced Bitature to run and hire Fred Muwema’s services to rescue him.

    Talks between Bitature and Vantage stalled until 2020 when Justice Boniface Wamala referred them for arbitration.

    Sources said that Bitature petitioned the International Council of Commerce in the United Kingdom for arbitration and the process is still ongoing.

    In a bid to quickly buy time to save his client, Muwema petitioned the Financial Intelligence Authority (FIA) accusing Vantage of money laundering and the matter is still under investigation.

    Muwema also advised Bitature to quickly change the names of some of the shareholders of his companies.

    When Vantage Capital lawyer Kirunda got information that Bitature was quietly changing the shareholding for some of his companies, he rushed to Buganda Road Court and placed a petition to privately prosecute Bitature and his wife Carol.

    Kirunda petitioned court to have Bitature and Carol privately prosecuted for trying to change the shareholding for his companies he had already placed as security on his loan.

    When Muwema learnt of Kirunda’s petition, he ran to the Commercial court to challenge the private prosecution of his client.

    Hence the judgement from commercial court judge Mubiru slapping cost on Muwema.

    Sources close to Bitature revealed that their client is willing to pay some of the money but he wants the debt reduced by cutting down the 13% interest rate.


    By Sengooba Alirabaki



    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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