UBA SH108M FRAUD SHOCKER! Bank Staff Cited in ‘Inside Job’ as Afghan Man’s Compensation Is Drained in ‘Impossible’ Deal, Exposing Systematic Bank Failures

United Bank for Africa (UBA) has been ordered to pay more than Sh128 million after the High Court in Mbale found the bank liable for allowing a fraudster to open an account in another man’s name, receive his compensation and withdraw Sh108.23 million despite glaring red flags.

The explosive judgment has raised fresh questions about possible internal failures and the role of bank staff who processed the account, particularly after court heard that employees involved in opening the suspicious account were subjected to disciplinary action.

Justice Farouq Lubega ordered UBA to refund Sh108.23 million to Michael Wilson Mazuno, the money that was fraudulently withdrawn from an account opened in his name, and awarded him another Sh20 million in general damages.