Block 7
Prime Finance Sues Fountain Publishers Over Shs43Bn Loan
Prime Finance Company has dragged Fountain Publishers Limited to court over failure to pay an outstanding loan worth Shs43b. In two separate cases filed before the Commercial Division of the High Court, Prime Finance Company, accuses Fountain Publishers of breach of two loan agreements. According to court documents, in one file Prime Finance Company is…
DTB’s Fraud Case Escalates: Former Head of Fraud Prevention and Forensic Investigations Manager Joins List Of Witnesses
Officials at the Aga Khan’s Diamond Trust Bank (DTB) are headed for deeper trouble and are living in fear after a former manager, who was Bank’s Head of Fraud Prevention and Forensic Investigations, has joined the list of witnesses to pin the Bank in the Shs 120Billion fraud case. The case, which is filed at…
NRM Primaries: Police Registered Over 278 Criminal Cases
A total of 278 criminal cases were registered in the recently concluded NRM primaries ranging from murder, unlawful possession of guns among others. Uganda Police Force has said. This was revealed by Charles Twiine the Criminal Investigations Department Spokesperson while addressing the media in Wednesday September 16, 2020. “Of the above stated cases, costed lives,…
Can Diamond Trust Bank Survive After Losing The 120Bn Fraud Case To Ham Enterprises
Kenyan Aga Khan Bank DTB is in a state of quagmire as it seems very clear that the bank is buying time to figure out how to pay Ham Enterprises but one thing remains clear that the Kenyan born bank does not have enough money to take care of the 120Bn fraud case. To shade…
THE UNTOLD STORY: Why Tycoon Ham Will Trounce DTB In Shs120Bn Fraud Case
City businessman Hamis Kiggundu aka Ham, the proprietor of Ham Enterprises, a conglomerate of companies, is likely to have the last laugh in the multibillion case he is battling with Diamond Trust Bank Uganda (DTBU) and Diamond Trust Bank Kenya (DTBK), in which he accuses the Bank of siphoning over Shs120 Billion from his accounts.…
Seven Recaptured, Three Killed Out Of 217 Prisoners Who Escaped From Moroto Prison
Last evening news broke that prisoners from Moroto Central Prison had escaped and disappeared through Mountain Moroto. The incident happened at 4.30pm. Several reports made rounds about the escape. Frank Baine, the spokesperson of the Uganda Prisons has given account of the escape. According to Baine, prisoners escaped at a time when they were having…
Joint Committee Rejects NSSF Direct Lending To Gov’t
A joint team comprising members from the finance and gender committees in parliament has rejected proposed direct lending by the National Social Security Fund (NSSF) to the government. The committee members say that this is intended to avoid abuse of member’s funds and conflict of interest. This is according to the main committee report on…
Police, People Power Activists Lock Horns In Kamwokya
There are running battles between Police and People Power activists in Kamwokya city suburbs in Kampala protesting the continued provocation by music promoter, Charles Orema alias Sipapa. Police moved in to disperse the activists when they blocked Old Kira road right from the house belonging to Fred Ssentamu Nyanzi alias Chairman Nyanzi and the offices…
Court Okays CID To Grill Gen.Tumukunde Over Meeting Army Veterans
High Court in Kampala dismissed an application for a temporary injunction in which presidential aspirant, Lt.Gen. Henry Tumukunde sought to have criminal summons against him by the Criminal Investigations Division halted. The former security sued CID director, AIGP Grace Akullo and the Attorney General seeking orders that the arrest threats issued to him through summons…
Breaking! Kibalama Takes Back His NUP Party After Failed Shs18.5 Billion Deal With Bobi Wine (Watch Video)
Moses Nkonge Kibalama, the man who sold National Unity Platform (NUP) party to Robert Kyagulanyi alias Bobi Wine has made a u-turn to take back his party saying that the latter failed to stand by his word. In a video making rounds on social media, Kibalama is heard saying that the USD5 million (Shs18.5 billion)…