Dark Secrets Emerge On Boda Boda Rider Who Stole Over Shs 300 Million From Centenary Bank Using Fake Biometrics – How It Was An Inside Job?
Centenary Bank officials were left stunned after an ordinary boda boda rider, George Byaruhanga — also using the names Ronald Kintu and Rogers Ainembabazi — allegedly siphoned more than Shs332 million from one of the bank’s accounts. The audacious theft reportedly involved forged documents, fake biometric enrollment, and manipulation of bank staff.
Byaruhanga appeared in court today and was remanded to Luzira Prison as investigations continue. Authorities say the case highlights serious vulnerabilities in the bank’s security systems.
Investigators revealed that Byaruhanga forged national identification documents and enrolled fake biometric data at Centenary Bank’s Mapeera Branch. He allegedly convinced bank employees that he was the legitimate account holder, a claim that allowed him full access to the account.
Once he gained control, Byaruhanga reportedly withdrew Shs50 million directly over the counter. He then transferred Shs250 million to an account at Exim Bank, effectively moving the bulk of the funds out of Centenary Bank’s reach.
The remaining Shs32 million was allegedly withdrawn using ATM machines and agent banking platforms. Investigators say he managed to do this without triggering the bank’s firewalls or security alerts, highlighting serious lapses in the bank’s monitoring systems.
Bank officials are reportedly still trying to understand how such a complex scheme could be executed by an individual with no formal banking experience. The incident has sparked concerns about the robustness of biometric verification and staff training at financial institutions.
Legal experts note that the suspect faces multiple charges, including fraud, forgery, and obtaining money by false pretenses. If convicted, Byaruhanga could face long-term imprisonment and potential fines, sending a strong message to would-be fraudsters.
This high-profile case has also attracted public attention, with many Ugandans expressing shock that an ordinary boda boda rider could outsmart a major financial institution. Social media platforms have been buzzing with discussions about the need for tighter banking security.
The Centenary Bank case underscores the growing sophistication of financial fraud in Uganda. Authorities have urged banks to strengthen internal controls, improve staff training, and invest in technology capable of detecting irregularities before substantial losses occur.
As the investigation continues, all eyes are on the courts to see how justice will be served. The case serves as a stark warning that no institution is immune to fraud, and that vigilance, both by banks and regulators.
ADVERT
🔥 MEN’S POWER FIX 🔥
IMPROVE YOUR PERFORMANCE IN BED – BE GREAT IN BED – SATISFY YOUR WOMAN!
100% ORGANIC
✅ Boosts Sperm Count
✅ Eliminates Erection Issues
✅ Treats Impotence & Low Libido
✅ Lasts Longer in Bed
✅ Stops Premature Ejaculation
✅ Supports Prostate Health
REGAIN YOUR CONFIDENCE – NATURALLY!
CALL/WHATSAPP:
0767399424
Power Fix Syrup Organic Drink
