Ugandan bank manager jailed for graft
Publish date: 17 July 2017
Issue Number: 734
Diary: IBA Legalbrief Africa
A Ugandan bank manager has been sentenced to 10 years’ imprisonment for his role in an elaborate scam which saw $1.55m siphoned from the accounts of two clients in South Sudan two years ago. Between March and April 2015, clients Sisco Majok and Mabior Atem approached management at their Equity Bank branch in Juba after discovering that unauthorised withdrawals had been made. It was established that the funds had been withdrawn from a branch in Uganda, an allegation both customers denied. The Monitor reports that branch operations manager David Sserwamba was implicated. However, he insisted that the clients who withdrew the funds had provided their identity cards as per the bank requirements. Justice Margaret Tibulya convicted Sserwamba of embezzlement, money laundering and conspiracy to commit a felony.