On the morning of January 1st, 2021, Mutambi (another name withheld), the proprietor of Mutambi Cash Point Solutions dealing in mobile money services and agent banking (Stanbic bank) and based in Matugga, Wakiso district, woke up and went about his business normally. In the course of the day, using his account number 90300 , he made
Stanbic bank may undeniably be one of the leading banks in Uganda. However, that one does not insulate it from fraud internal and external. Day and night pressure has been mounting on the bank to assure clients that their savings and other interests in the bank are protected. According to insiders, the early this year heist
Hit by scandal after scandal, Stanbic bank has fired 10 staff. Anne Juuko Makubuya is the bank's CEO. According to the bank’s head, People and Culture, David K Mutaka, they are being accused of unethical behaviour or negligence, gross misconduct and dishonesty. The internal memo announcing their firing and seen by this publication reads thus: