STANBIC FRAUD WEB! Cyber Thieves Who Collided with Insiders to Target Enid Kukunda’s Sh725m officially charged, remanded

Four people accused of attempting to defraud Stanbic Bank of Shs725 million were on Friday formally charged before the Buganda Road Chief Magistrate’s Court.

They face seven counts, including forgery, uttering false documents, personation, attempted theft, and conspiracy to commit a felony.

The accused — Joel Mucunguzi, Elizabeth Mbabazi, Faridah Kobusingye, and Flower Njawuzi (also known as Florence, Mega, or Kanywani) — appeared before Chief Magistrate Ronald Kayizzi and denied all the allegations.

According to the charge sheet, the offences were allegedly committed on October 3, 2025, at Stanbic Bank’s Acacia Mall Branch in Kampala.

Prosecution alleges that the group forged a bank withdrawal receipt with serial number AA 2419722, purportedly bearing the signature of Enid Kukunda, whom Mbabazi is accused of impersonating.

The suspects appearing in court

The state further contends that the group forged and presented a falsified National Identity Card, ID No. 010400773, with NIN CF690801029W6F, in the name of Enid Kukunda, allegedly issued by the National Identification and Registration Authority.

Mbabazi faces an additional count of personation for allegedly presenting herself as the holder of Stanbic Bank Account Number 9030017562788 in an attempt to unlawfully withdraw Shs725 million.

Investigations suggest the gang may have received inside help from Stanbic staff to access the client’s account information but somehow messed up the execution.

After taking plea, defence lawyers Davis Guma and Sadat Baale applied for bail for Mucunguzi and Kobusingye, arguing that both had presented substantial sureties and were willing to comply with any bail terms.

“We pray you find them substantial, and may it please Your Honor grant them bail because we have the surety, explained to them their roles, and the accused undertake to abide with the bail terms,” Guma submitted.

However, State Prosecutor Joan Keko requested a short adjournment to complete inquiries and verify the documents supporting the bail application.

“We seek a short adjournment to verify the documents and reply on the application for both Mucunguzi and Kobusingye,” she told the court.

Chief Magistrate Kayizzi reaffirmed that applying for bail was the accused’s constitutional right but granted the state additional time.

The case has been adjourned to November 20, 2025, for mention and for the state to formally respond to the bail application.

It goes without mention that Enid Kukunda, the alleged victim in this case, is the same lady who was recently mentioned in media reports among individuals accused of obtaining illegal loans from the Microfinance Support Centre.