Home Business Masaka city tycoon and gold fraudster busted in Najjanankumbi over forgery
BusinessNews

Masaka city tycoon and gold fraudster busted in Najjanankumbi over forgery

Share
Masaka city tycoon Lwasa arrested
Share

Latest coming in, the Uganda Police force on Monday 4 April confirmed the arrest of a city socialite, businessman, and a Masaka city tycoon in Najjanankumbi.

Lwasa Emmanuel Kaweesi, popularly known as Lwasa, has been in the headlines after the breakup of Dianah Nabatanzi, Angel Kwankunda, and the Chinese scam, and the latest coming in is a forgery.

Earlier yesterday, rumors were surrounding his arrest but later a police statement was released by Luke Owoyesigire which seemed to have settled the rumors and it read: 

“Lwasa forged the signatures of Ag. Director Geological Survey and Mines (Ag.D/GSM) Ministry of Energy and Mineral Development Mrs. Alaba Agnes and Ms. Grace Lajwe Principal Chemist Directorate of Geological survey and mines (DGSM)”.

Police reported that the fraud was intended to run transactions between his two companies Trade panel International Limited and Trans Equator Miners Limited.

Share
Related Articles
News

Parliament Clears Budget Framework Paper, Sets Economic Agenda to 2031

Parliament has approved the National Budget Framework Paper (NBFP) for the period...

News

Bank of Uganda Approves Finance Trust Bank’s Transition to a Credit Institution

The Bank of Uganda (BoU) has formally approved Finance Trust Bank’s application...

News

Uganda Marks International Data Privacy Day with DPOs Masterclass

Uganda joined the rest of the world in marking International Data Privacy...

Leaders Making ImpactNews

Adris Kamuli: From Humble Beginnings to Industry Trailblazer

Adris Kamuli is one of the most influential figures in Uganda’s creative...

We are the reliable source of filtered, timely, relevant tech, innovation, and business news. We gather business, technology, lifestyle, innovation news from Uganda, East Africa and around the world as it happens, presenting it to you in a simple to use and intuitive web portal.

Let us keep in touch

Subscribe to our newsletter to get our newest articles instantly!

    © 2025 Postdator Corporate News. All rights reserved.