Housewife jailed for Stanbic Bank fraud, turns witness

KAMPALA — A 31-year-old housewife, Elizabeth Mbabazi, has been sentenced to six months in prison after pleading guilty to her role in an attempted Shs725 million fraud targeting Stanbic Bank, before turning state witness against her co-accused. Mbabazi was convicted by the Buganda Road Chief Magistrate’s Court after entering a plea bargain with the prosecution,…

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Entebbe mayor loses Shs273m case against Stanbic over ‘illicit’ funds

KAMPALA, Uganda — The Commercial Court has dismissed a lawsuit filed by Entebbe Mayor Fabrice Brad Rulinda against Stanbic Bank Uganda over a disputed Shs273 million ($73,262.50) transaction linked to rebel activity in eastern Congo. In a ruling delivered electronically on Monday, Justice Stephen Mubiru held that Rulinda could not sustain his claim, citing the…

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