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
FinanceNews

Ministry of Finance Launches New World Bank Group Partnership Framework to Support Uganda’s Growth Agenda

The Ministry of Finance launched a 10-year Country Partnership Framework with the...

LeadershipNews

Centenary Bank’s Beatrice Lugalambi Installed as 39th President of Rotary Club of Muyenga

Excerpt: Beatrice Lugalambi has been installed as the 39th President of the...

BusinessFinance

Centenary Bank Champions Strategic Financing for SMEs at SWITCH Conference 2026

Centenary Bank champions strategic financing for Uganda's SMEs at SWITCH Conference 2026,...

FinanceNews

Finance Minister Sets Reform-Driven Agenda Targeting $500bn Economy

Finance Minister Henry Musasizi has unveiled a reform-driven agenda focused on fiscal...

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.