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

Uganda’s Gold Sector Gains Momentum as Government Pushes Responsible Mining in Yumbe

Uganda is advancing responsible gold mining in Yumbe as Government promotes formalisation,...

FinanceNews

Stanbic Uganda Raises Unsecured Loan Limits to UGX350 Million in Revamped ‘Oli in Charge’ Campaign

Stanbic Uganda’s revamped Oli in Charge campaign offers unsecured loans of up...

News

Equity Bank Calls for 24-Hour Regional Payment System to Boost Industrial Growth

Equity Bank Uganda is urging deeper East African payment integration to enable...

Business

Joseph Business School Uganda Launches to Equip a New Generation of Purpose-Driven Entrepreneurs

Joseph Business School Uganda launched its Business & Entrepreneurship Certificate Program, welcoming...