Tag Archives: Scam

Drama unfolded in Kampala as a self-styled “State House insider” was remanded to prison after allegedly pocketing Shs20 million in a brazen scam involving a forged presidential appointment letter to the Uganda Railways Corporation. Nicholas Arinda was arraigned Wednesday before the Buganda Road Chief Magistrate’s Court and charged with forgery, uttering a false document, and obtaining money by false pretence. …

As Uganda continues to battle persistent gold fraud scandals that have left foreign investors counting heavy losses, EuroGold Refinery has taken a bold leap onto the global stage, officially opening its main offices in Dubai—the world’s gold capital. The move, announced with fanfare, comes at a time when Uganda’s gold sector remains under scrutiny for fake gold deals, vanished consignments, …

A Finnish investor has accused officials linked to a Ugandan mineral trading company of orchestrating a high-level international gold scam spanning Uganda, Kenya and Dubai, leaving him millions of shillings in losses. The complaint, now with the Uganda Police Force, Minerals Protection Unit, has thrust Oyztar Minerals Company Limited back into the spotlight—barely months after the firm was cited in …

Early this year, I was nabbed in Bushenyi for selling fake stuff to one Jennifer, a lady trader, but was released on police bond as investigations continued. In charge of the investigations was a black beauty who, for fear of her losing her job, I will call Janat. At one point during the investigations, Janat travelled all the way from …

What was hailed as Uganda’s “clean transport revolution” is fast turning into a national outrage. When President Yoweri Museveni launched Spiro Uganda in July 2024, the promise sounded golden — cheap, green, and smart transport for the ordinary rider. But barely a year into its operations, cracks are appearing in that dream. We were duped-Riders Advertisements A growing number of …

  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 …