The police have arrested 9 out of the 12 suspects who allegedly stole USD 1.8 million about Ug.shs6bn from the Nile Energy Company Limited bank account in Stanbic bank branches at Garden City and Freedom City. This after another case of a woman who had Ug.shs. 45M wiped off her bank account at equity bank.<\/p>\n\n\n\n
Impeccable sources in the banking industry have told ugandaupdatenews.com<\/strong><\/em> that fraudsters some working with the help of employees in various banks have stolen huge sums of money from people’s accounts . the fraudsters target dormant accounts and people who are using E-banking for transactions of their phones . ” People should be extremely careful with their passwords especially on their phones because the fraudsters are targeting online banking ,” a source in the banking industry stated .<\/p>\n\n\n\n Now, Police Spokesman , Fred Enanga has said that the arrested suspects opened up 3 other accounts where they illegally made deposits.<\/p>\n\n\n\n \u201cThe suspects in conspiracy with selected Stanbic Bank staff both at Garden City and Freedom City branches compromised the account of Nile Energy and effected transactions in Inter Account Transfers (IAT) and made with draws using 3 accounts that included; Account Number 9030012835107 in the names of Dixon Kagurusi Ampumuza; Account Number 9030021572615 in the names of Petrom Limited and Account Number 9030018628871 in the names of Femane Investments Co. Ltd,\u201d Enanga\u2019s statement reads in part.<\/p>\n\n\n\n Police have urged bankers and customers to strengthen measures to protect customer deposits in the face of increasing cybercrimes.<\/p>\n","protected":false},"excerpt":{"rendered":" The police have arrested 9 out of the 12 suspects who allegedly stole USD 1.8 million about Ug.shs6bn from the<\/p>\n","protected":false},"author":1,"featured_media":8270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[234,65],"tags":[],"class_list":["post-8269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-national-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/02\/Stanbic-bank-500x250-1.jpg","jetpack-related-posts":[{"id":7105,"url":"https:\/\/prowebinhost.com\/anzu\/customers-complain-as-banks-shut-down-thier-airtel-to-bank-wallet-services\/","url_meta":{"origin":8269,"position":0},"title":"CUSTOMERS COMPLAIN AS BANKS SHUT DOWN THIER AIRTEL TO BANK WALLET SERVICES","author":"UgandaUpdate","date":"October 30, 2022","format":false,"excerpt":"By Sunday morning Airtel Mobile Commerce Uganda Limited (AMCUL) had not restored the Airtel to bank wallet services after hackers attacked their systems and stole an unspecified amount of money said to be in billions. The bank wallet services have been off since Friday midmorning leaving customers frustrated . Sources\u2026","rel":"","context":"In "Banking"","block_context":{"text":"Banking","link":"https:\/\/prowebinhost.com\/anzu\/category\/banking\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13440,"url":"https:\/\/prowebinhost.com\/anzu\/standard-chartered-bank-exit-from-retail-banking-uganda-what-bond-and-account-holders-need-to-know\/","url_meta":{"origin":8269,"position":1},"title":"Standard Chartered Bank Exit From Retail Banking Uganda : What Bond And Account Holders Need To Know","author":"UgandaUpdate","date":"December 12, 2024","format":false,"excerpt":"By Alex Kakande Standard Chartered Group has announced its intention to sell its Wealth and Retail Banking Businesses in Uganda, Botswana, and Zambia. The Wealth and Retail Banking arm of their business serves both corporate and personal accounts. In the announcement, the Bank indicated it will use the proceeds to\u2026","rel":"","context":"In "Banking Sector"","block_context":{"text":"Banking Sector","link":"https:\/\/prowebinhost.com\/anzu\/category\/banking-sector\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2024\/12\/OIP-1.jpg","width":350,"height":200},"classes":[]},{"id":8882,"url":"https:\/\/prowebinhost.com\/anzu\/agago-farmers-embrace-financial-literacy-now-keeping-their-money-in-the-bank\/","url_meta":{"origin":8269,"position":2},"title":"Agago farmers embrace financial literacy, now keeping their money in the bank","author":"MOSES SSERWANGA","date":"April 28, 2023","format":false,"excerpt":"By Moses Sserwanga For many farmers of Agago\u00a0 , financial literacy and \u00a0banking is a new phenomenon\u00a0 since many of them had never \u00a0even entered a banking hall . The farmers in this remote district of Agago in northern Uganda keep their money under their mattress\u00a0 a practice which does\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2030,"url":"https:\/\/prowebinhost.com\/anzu\/uganda-bankers-association-joins-diamond-trust-bank-to-appeal-hamis-kiggundu-high-court-decision\/","url_meta":{"origin":8269,"position":3},"title":"UGANDA BANKERS ASSOCIATION JOINS DIAMOND TRUST BANK TO APPEAL HAMIS KIGGUNDU HIGH COURT DECISION","author":"UgandaUpdate","date":"October 9, 2020","format":false,"excerpt":"The Uganda Bankers Association which brings together 35 financial institutions in the country has joined Diamond Trust Banks (Uganda) and (Kenya) to appeal and stay execution of the orders of the High Court in a case that was filed by Kampala businessman Hamis kiggundu. 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