Revealed: Here are the top Stanbic Bank bosses that connived to fraudulently sell off client’s mortgaged properties

Top Stanbic Bank employees are on the spot for starting a conduit company named Myriad Investment Club Limited which they used to illegally buy mortgaged properties in total contravention of the Mortgage Act.

The Commercial Division of the High Court has slapped a fine of Shs400m on Stanbic Bank for flouting this law.

https://www.pearltimes.co.ughow-stanbic-bank-top-bosses-connived-to-fleece-private-company-of-shs4bn-in-fraudulent-sale-of-mortgaged-property/

Here is the list of shareholders of Myriad Investment Club Limited — who also owned top influential jobs in Stanbic Bank which they used to fraudulently fleece Donwel Limited:

  • Kenneth Kitungulu: head of global markets, Stanbic Bank
  • Lawrence Kaweesa: Global Business Manager, Stanbic Bank
  • Allan Muhinda: Interests dealer, Stanbic Bank
  • Daisy Nitwe: Treasury sales dealer, Stanbic Bank
  • Emmanuel Rukeeba: head analytics and products, Stanbic Bank
  • Maureen Kembabzi Katwebaze: Stanbic IBTC Bank Nigeria
  • Thaib Lubega: former Treasury Manager, Stanbic Bank
Kenneth Katungulu
Daisy Nitwe
Maureen Katwebaze Kembabazi
Emmanuel Rukeeba
Allan Muhinda
Thaib Lubega
Pearl Times Reporter

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