News and Views

Cairo bank officials held over Shs60 billion pension money

By  | 

AMPALA Police yesterday stormed Cairo International Bank and arrested six senior officials, including a General Manager, in connection with an ongoing investigations into Shs63 billion in pension money that was transferred to accounts opened in the bank and withdrawn within a week. In the five-hour operation headed by the Director CID, Ms Grace Akullo, police recovered soft copies of the banks documents related to the pension money transactions. Arrests Those arrested include General Manager for operations Mohammad Tarek Ahmed, Abbey Kaddu (banking assistant in charge of authorisation), Ismail Kizito (data clerk), Grace Beinomugisha (customer supervisor), Rahmah Mugeere (compliance officer) and Ishaka Ssentongo (assistant manager for operations). According to police, the six are being quizzed to establish the level of compliance that led to several suspected irregular transactions between the bank and Mr Peter Ssajabi, the national secretary East Africa Community Beneficiary Association. “There is no way all that money could have been withdrawn and authorisation made through forged letters to have the money given to one person,” a police detective said at the scene. Search Police also searched a house Mr Ssentongo reportedly indicated to police as being his. Mr Ssentongo is alleged to have been at the heart of the transactions between the bank and the more than 1,000 ghost pensioners recommended by Mr Ssajabi.

By press time, the six officials were still being held by police awaiting questioning.
All other suspects in this wide-ranging investigation, but who are out on bond, are expected at the CID headquarters in Kibuli, a city suburb, today.

They include suspended Permanent Secretary of Public Service ministry Jimmy Lwamafa, principal accounting officer Christopher Obeyi, commissioner for pensions Stephen Kiwanuka Kunsa, and head of IT Richard Lubega. Also interdicted and expected at the CID are commissioner human resource management Joe Jolly Namera, Senior records officer Joyce Nabirye and principal personnel officer Joan Natwenda.

You must be logged in to post a comment Login

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.