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

Centenary Bank Supports Nakulabye Parish Youth Day, Donates UGX 5 Million to Youth Apostolate

Nakulabye Parish Youth gathered today at the Our Lady of Fatima Shrine...

Leaders Making ImpactNews

Michael K.Mugabi: Building Institutions, Expanding Access, Shaping Sustainable Impact

Michael Mugabi’s leadership story is one of deliberate institution-building.He has distinguished himself...

Business

EBO SACCO, Equity Bank Join Hands to Deepen Financial Inclusion

EBO SACCO has entered into a partnership with Equity Bank aimed at...

Business

Uganda’s Financial System Remains Stable Despite Rising Global Risks – Bank of Uganda

Uganda’s financial system remained stable over the year to September 2025, supported...

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.