Tag Archives: Scam

  A major financial scandal has erupted in Uganda’s microfinance sector after Hon. Rose Obinga, the Woman Member of Parliament for Terego District, personally stormed the offices of Premier Credit Limited in Arua City. In a viral, high-tension video, the “tough-talking” legislator accused the subsidiary of The Platcorp Group of operating a calculated debt trap that allegedly exploits poor civil …

By Our Reporter | Kampala A fresh storm is brewing in Uganda’s microfinance sector after a whistleblower accused Fincredit Uganda Ltd of systematically concealing loan agreements from its clients, a practice described as “a coordinated act of robbery disguised as financial service.” The allegations, contained in a whistleblower disclosure letter submitted to the Uganda Microfinance Regulatory Authority (UMRA) and State …