Tag Archives: Stanbic

STANBIC BANK FRAUD! Suspects in Enid Kukunda’s Sh725M Theft Eye Plea, Linked to Another Sh400M ABSA Heist!

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One of the suspects charged over an attempted Shs 725 million fraud targeting Stanbic Bank has opened negotiations with the State to resolve the case through a plea bargain. The development was disclosed on Monday before the Buganda Road Chief Magistrate’s Court, where Chief State Attorney Joan Keko told the court that Elizabeth Mbabazi, a Rwandan businesswoman, had formally expressed …

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THE MERGER THAT NEVER WAS! How NCBA Played Stanbic and Walked Away

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Behind closed boardroom doors, branding—not balance sheets—may have killed what would have been Kenya’s biggest banking deal in years. Insiders have revealed that Standard Bank’s insistence on rebranding NCBA under the Stanbic banner played a decisive role in the collapse of long-running merger and acquisition talks between the two lenders. The failed deal would have created Kenya’s third-largest bank, with …

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STANBIC FRAUD WEB! Cyber Thieves Who Collided with Insiders to Target Enid Kukunda’s Sh725m officially charged, remanded

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Four people accused of attempting to defraud Stanbic Bank of Shs725 million were on Friday formally charged before the Buganda Road Chief Magistrate’s Court. They face seven counts, including forgery, uttering false documents, personation, attempted theft, and conspiracy to commit a felony. The accused — Joel Mucunguzi, Elizabeth Mbabazi, Faridah Kobusingye, and Flower Njawuzi (also known as Florence, Mega, or …

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STANBIC BANK FRAUD! Thugs Collude with Insiders to Steal Enid Kukunda’s Billions

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Four individuals, including a Rwandan national, have been remanded to Luzira Prison by the Kampala Capital City Authority (KCCA) City Hall Magistrates Court on charges of attempting to fraudulently withdraw 725 million Shillings from a Stanbic Bank account belonging to Enid Kukunda. It goes without mention that Enid Kukunda, the alleged victim in this case, is the same lady who …

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TOUGH TIMES! Stanbic Plots to Rescue Struggling NCBA in Sh1.1 Trillion Buyout

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Standard Bank Group’s Kenyan unit, Stanbic Holdings Plc, is in talks to acquire NCBA Group Plc in a transaction that would create Kenya’s third-largest lender with assets of about KSh 1.1 trillion, according to people familiar with the matter, Bloomberg reports. Standard Bank Group, Africa’s largest bank by assets and owns 75% of Stanbic Holdings Plc, has previously said it …

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Stanbic Bank Strengthens Ties with NETA to Empower Ugandan Entrepreneurs and Traders

Stanbic Bank Strengthens Ties with NETA to Empower Ugandan Entrepreneurs

by AdminOctober 8, 2025October 8, 20250 Share0 By Kabuye RonaldOn Wednesday, officials from Stanbic Bank visited the headquarters of the National Entrepreneurs and Traders Association (NETA) at Yiga Chambers in Kampala, marking a significant step in the bank’s ongoing efforts to support entrepreneurship and trade in Uganda. Stanbic Bank Strengthens Ties with NETA to …

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