The State House team that fights wrongdoing stopped a major theft. They saved $600 million from being stolen from DFCU's bank.
Someone told them about the crime plan back in January 2025. The bad guys wanted to take money from Stephen Karekezi at DFCU Bank.
Gerald Ngabirano and other people not yet caught got fake court papers. They tricked Kenneth Tumwebaze, who works at the High Court in Kabale. The false papers said DFCU Bank must give $689,750,300 to Ngabirano because Karekezi owed him money. But this debt was made up.
The crooks used fake papers to fool the court system. They wanted the court to make the bank hand over the cash.
The State House team acted fast. They told DFCU Bank to lock the account. This kept the money safe.
On Friday, police brought Ngabirano to court in Kabale. He faces charges of making fake papers and planning to steal. The judge sent him to Ndorwa prison until March 4, 2025.
Bank theft happens a lot, not just in Uganda but all over. Smart crooks find holes in bank rules. They often use fake papers or steal who people are.
The DFCU case comes after a bigger theft when $60 million was taken from the Bank of Uganda.
People first thought hackers broke into the Bank of Uganda's computers, but bank boss Michael Atigi-Ego said that was wrong.
He said the bank makes payments when told to do it. The crooks sent fake payment orders from outside. The bank did what it was asked and sent money to the wrong people.
The Bank of Uganda only makes payments when the Money Office tells it to. Police caught nine workers from the Money Office. They face charges such as dirty money crimes, computer theft, and taking money they should not have.
Someone told them about the crime plan back in January 2025. The bad guys wanted to take money from Stephen Karekezi at DFCU Bank.
Gerald Ngabirano and other people not yet caught got fake court papers. They tricked Kenneth Tumwebaze, who works at the High Court in Kabale. The false papers said DFCU Bank must give $689,750,300 to Ngabirano because Karekezi owed him money. But this debt was made up.
The crooks used fake papers to fool the court system. They wanted the court to make the bank hand over the cash.
The State House team acted fast. They told DFCU Bank to lock the account. This kept the money safe.
On Friday, police brought Ngabirano to court in Kabale. He faces charges of making fake papers and planning to steal. The judge sent him to Ndorwa prison until March 4, 2025.
Bank theft happens a lot, not just in Uganda but all over. Smart crooks find holes in bank rules. They often use fake papers or steal who people are.
The DFCU case comes after a bigger theft when $60 million was taken from the Bank of Uganda.
People first thought hackers broke into the Bank of Uganda's computers, but bank boss Michael Atigi-Ego said that was wrong.
He said the bank makes payments when told to do it. The crooks sent fake payment orders from outside. The bank did what it was asked and sent money to the wrong people.
The Bank of Uganda only makes payments when the Money Office tells it to. Police caught nine workers from the Money Office. They face charges such as dirty money crimes, computer theft, and taking money they should not have.
