[Ugnet] Uganda under Dic. M7 in Brief

[B Wambuga]

Police hold
GULU � The Police are holding a 48-year-old Somali for tearing Uganda currency notes worth an unspecified amount of money. The OC crime at Gulu Police Station, Vincent Ouma, told the press on Tuesday that the man identified only as Mohammed was arrested on Monday for tearing the sh5,000 currency notes. He said Mohamed would be charged with malicious damage of property

 

 

Envoys blocked from seeing MPs

DISAPPOINTED: Envoys interact at Buganda Road Court after the case was adjourned

By Hillary Kiirya Envoys, relatives and politicians who went to court yesterday to interact with the opposition MPs facing murder charges were denied access. Police and prison authorities, who tightly guarded the entrance to the prison cells, refused to open for the sympathisers after court adjourned the case. The two MPs, Reagan Okumu (Aswa) and Michael Ocula Nyeko (Kilak) and three others appeared before buganda Road Court yesterday. The prosecutor, Jane Kajjuga, said the Police had finished investigations into the allegations against the suspects, who include David Ochieng, councillor Ochan Laryan and Steven Olanya Otim. �The Police file on this matter has been submitted to the Director of Public Prosecutions, who is studying the file,� the State Attorney said. The five are accused of murdering the Pabbo LC3 chairperson, Alfred bongomin, on February 12, 2002, in Gulu district. The British High Commis sion, the Royal Danish Embassy, the Italian Embassy and the Embassy of Ireland were among the many missions that sent representatives to court for the case. The sympathisers, who later retreated the gate, hurled insults at the security, saying, �This government is not the best. How can they refuse us to interact with our people? Some of us have come from Gulu to see our representatives. What is wrong with seeing them and giving them food?� Compared to the previous court sitting, more envoys, politicians and relatives, who included children and the elderly, filled the courtroom.Published on: Saturday, 7th May, 2005

 

 

Uganda overtakes Nigeria in fraud

By Steven Odeu
UGANDA has overtaken Nigeria as the leading source of bank cheque fraud, according to Citigroup�s Johan Hartman, the fraud manager for Europe, Middle East and Africa.
�Fraud has nothing to do with the country or ethnicity. It is the individuals who defraud banks and international businesses. Of recent, Uganda has recorded more fraud attempts than Nigeria in sub-Saharan Africa,� Hartman said in an interview on Thursday.
Without giving corresponding statistics, Hartman, who is also a senior officer in Citigroup�s security and investigative services said, Uganda had a very high risk of fraud in cheque and manual funds transfer since most individuals attempt to defraud companies in the Far East, especially motor vehicle dealers in Japan.
�An increase in fraud over a period of time without decreasing erodes confidence in the business community,� he said.
Nadeem Lodhi, the managing director of Citibank Uganda, said fraud in the local and international market had become sophisticated, increasing the impact of huge potential loss for financial institutions.
According to the International Monetary Fund, South African banks are organised and efficient, but their returns on capital are low by world standards due to fraud.
Citibank on Thursday organised a seminar to sensitise customers about the need to use their Citidirect online banking, which they said is more secure.
Justine Bagyenda, Bank of Uganda�s director of commercial banking said fraud was depleting earnings of banks and eroding their capital base.
She advised banks to emphasise the principle of �know your customer and employee.�
Ends

Published on: Saturday, 7th May, 2005

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Bwambuga

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