Faisol Nyanzi second to be arrested as crackdown intensifies in Shs700m Bunga property scam

Faisol Nyanzi has been remanded to prison until November 4, 2025, as investigations continue.

Kampala, Uganda: The State House Anti-Corruption Unit (SH-ACU), in collaboration with the Criminal Investigations Directorate (CID) and the Office of the Director of Public Prosecutions (ODPP), has charged Nyanzi Faisol before the Anti-Corruption Court over a USD 205,000 (about Shs715 million) property fraud involving a fictitious house sale in Bunga, a Kampala suburb.

Nyanzi faces two serious counts: obtaining money by false pretence and conspiracy to commit a felony, arising from a fraudulent transaction that prosecutors say targeted a property buyer using forged claims and deceitful documentation.

According to the prosecution, on 15th July 2025, at Standard Chartered Bank, Speke Road Branch, in Kampala, Nyanzi, together with his co-accused Kavuma Ibrahim (currently on remand) and others still at large, conspired to defraud a buyer by falsely claiming to be selling a house in Bunga.

The accused reportedly obtained USD 205,556 (approximately Shs715,068,920) from the unsuspecting victim under the pretext of facilitating the property purchase. However, the sale never materialized, and the accused allegedly disappeared with the money.

Following a coordinated investigation, SH-ACU and CID officers arrested Nyanzi, who was arraigned before the Anti-Corruption Court to answer to the charges.

The prosecution, led by ODPP prosecutors, told court that the accused and his accomplices fabricated ownership documents and used fraudulent banking transactions to execute the scheme.

Nyanzi was remanded to prison until November 4, 2025, as investigations continue. Authorities confirmed that efforts are underway to trace and recover the stolen funds and apprehend others involved in the conspiracy.

A statement from the State House Anti-Corruption Unit, led by Brig. Gen. Henry Isoke described the case as part of a wider crackdown on real estate fraud syndicates exploiting unsuspecting investors in Kampala’s booming property market.

“This operation reflects the government’s commitment to dismantling criminal networks that defraud the public through fake property deals. The suspects will face the full force of the law,” Brig. Gen. Isoke said.

Investigators say the Bunga case is one of several high-value real estate scams currently under probe, warning the public to verify all property transactions through official channels before making payments.

The ODPP reaffirmed its support for ongoing investigations and vowed to secure justice for victims of financial and property-related crimes. “We are committed to prosecuting all individuals engaged in fraudulent property dealings that undermine investor trust and public confidence,” said an ODPP spokesperson.