Buganda Road Chief Magistrate’s Court has convicted Specioza Nassuna, a credit official at Cairo Bank, for her role in fraudulently securing a Shs 200 million loan using forged documents.
The 43-year-old resident of Tega Zone, Nabbingo, was found guilty alongside Robert Kisolo, a businessman from Bulamu village, Nangabo county. Both were convicted on five counts, including forgery, obtaining credit by false pretenses, and obtaining money by false pretenses.
Chief Magistrate Ronald Kayizzi ruled that Nassuna conspired with Kisolo to forge documents related to land located in Block 109, Plot 22, Gwafu Seeta, Mukono District. The duo falsified signatures of the land’s lawful administrators Henry Ssemugooma Akalya-Amagwa, Clementina Babirye, and Catherine Namusoke and used the forged documents to secure the fraudulent loan.
The prosecution, led by Joan Keko, presented 11 witnesses, including handwriting experts, Cairo Bank officials, and the affected family members. The evidence showed that Nassuna had smuggled a bank valuation and survey report into Kisolo’s loan application file, leading to the disbursement of the money.
Keko urged the court to impose a ten-year sentence and a compensation order of Shs 200 million, citing an increase in bank fraud cases nationwide. A 2023 police report revealed that 12,924 cases of bank fraud were recorded, with forgery and false pretenses being among the most common crimes.
The prosecution also highlighted the emotional distress suffered by Ssemugooma’s family, who nearly lost their family land.
Magistrate Kayizzi adjourned the case to February 12, 2025, for mitigation and sentencing, leaving Nassuna and Kisolo awaiting their fate.
