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HomeBig StoryFour Fraudsters Remanded To Luzira Over Attempted Stanbic Bank 725M Heist

Four Fraudsters Remanded To Luzira Over Attempted Stanbic Bank 725M Heist

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Four people have been sent to Luzira Prison after appearing before the KCCA City Hall Magistrates Court on allegations of attempting to illegally withdraw Shs725 million from a Stanbic Bank account belonging to businesswoman Enid Kukunda.

The accused — Joel Mucunguzi, a driver from Kitoro in Entebbe; Elizabeth Mbabazi, a Rwandan national operating a business in Buddo; Faridah Kobusingye of Masanafu in Kampala; and Flower Njawuzi (also known as Florence Mega Kanywani) from Buddo, Nsangi — appeared on Monday before Senior Principal Grade One Magistrate Nicholas Aisu.

They are facing several charges, including forgery, uttering false documents, personation, conspiracy to defraud, and attempted theft, all contrary to the Penal Code Act.

According to State Attorney Mercy Yamangusho, the group together with others still on the run allegedly planned a sophisticated operation to steal funds from Kukunda’s account held at Stanbic Bank’s Acacia Mall branch.

Court records indicate that on October 3, 2025, the suspects presented a forged national ID in Kukunda’s name, complete with fake biometric details and card numbers. Prosecutors say the forged document was used to impersonate the account holder for purposes of withdrawing Shs725 million from account number 9030017562788.

Investigators believe Mbabazi posed as Kukunda and handed bank staff both the forged ID and a falsified withdrawal slip bearing a forged signature. The attempted withdrawal, however, raised immediate suspicion among vigilant bank officials, who flagged inconsistencies and notified authorities. The four suspects were subsequently arrested.

Prosecution alleges that the forged documents were knowingly created and used with the intention of unlawfully accessing the victim’s money.

Evidence presented in court suggests the group started planning the operation as early as October 1, 2025. The charge sheet also lists two additional suspects Sarah Nankumba and Emiriat Emmanuel who have not yet been apprehended and are believed to have participated in producing the forged documents.

State Attorney Yamangusho informed court that investigations are still underway and that security agencies are pursuing other individuals believed to be part of the wider fraud network. She asked the court to remand the suspects while inquiries continue.

Magistrate Aisu granted the request and remanded the group to Luzira Prison until October 29, 2025, when the case will return for mention.

The account owner, Enid Kukunda, has recently been in the public eye over allegations of questionable loan acquisitions from the Microfinance Support Centre amounting to more than Shs2 billion. It remains unclear whether that matter is linked in any way to the current fraud case a detail investigators have not yet addressed.

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