Five bank officials arrested in money heist

Business

KAMPALA | Police in Arua City have in detention five officials of Post Bank over allegation of stealing Shs138 million from the state-owned bank's Arua branch.

The suspects were arrested and detained on February 29 after being transferred to Arua City from Kampala to face the charges.

The suspects include the operations manager, customer service officer, and three banking officers.

Reports obtained by the Nile Post indicate that on February 5, the bank’s Regional Head of Distributions Northern Region filed a complaint at Arua police that some officials of Post Bank Arua Branch had stole cash from the bank branch totalling to Shs138,685,450.

Accordingly, Police opened a file to investigate the allegation. It was established that on December 30, 2023, when the Risk Team from Post Bank head office in Kampala visited to Arua branch for the end of year audit, they realised that a total of Shs138,685450 was missing.

Police in a statement said that on February 28, seven of the officials who were allegedly connected with the loss of money were summoned for a disciplinary session at Post Bank head office Kampala.

“The head office further notified the police investigators about the disciplinary session," Josephine Angucia the regional police spokesperson for West Nile, confirmed.

"However, after hearing what transpired, the management of Post Bank decided that a criminal proceeding be instituted against the seven officials of their Arua branch."

Five of them who went to Kampala for the disciplinary session were arrested and later transferred to Arua City Central Business Division for investigations.

However, the branch manager and the branch operations supervisor skipped the disciplinary session at the head office on February 28, hence eluding arrest.

They are still at large.

Preliminary charge of theft of money has been preferred on the suspects pending advise by the Resident State Attorney.

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