Entebbe Mayor Fabrice Rulinda denies M23 rebel funding links

A Ugandan mayor's lawsuit against Stanbic Bank got tossed out after the bank returned $73,262.50 it had flagged over alleged M23 rebel ties.

Rulinda fires back at M23 allegations

• Entebbe Mayor Fabrice Rulinda denies any rebel connection.
• He was a private client when the 2017 transactions happened.
• Rulinda calls the whole M23 narrative a smear campaign.
• Over $496,000 hit his account from Green Global Corporation.

Court case and the bank's move

• Stanbic reversed $73,262.50 from his flagged transactions.
• The High Court tossed Rulinda's suit and awarded costs.
• He argues banks cannot unilaterally play judge on funds.
• Rulinda says Stanbic should have sought court intervention.

His stance on banking accountability

• Rulinda warns that this sets a dangerous precedent for clients.
• Banks acting without oversight invite potential abuse, he says.
• An appeal against the High Court ruling is confirmed.
• He accuses Stanbic of bankrolling negative media coverage.