Lawrence Ssemakula, Mastermind of Shs 60B Bank of Uganda Fraud, Battling for Bail – Offers His House

Aine Siggy
1 Min Read

Lawrence Semakula, the imprisoned Accountant General in the Ministry of Finance, is reportedly tired of spending nights in a cramped cell at Luzira maximum prison and has supposedly offered his luxurious family residence in the Bukoto area of Kampala as collateral to seek temporary release.

Semakula faces significant allegations regarding an alleged 60 billion shilling embezzlement linked to the Bank of Uganda. Sources indicate that when he appeared in court on Monday, Semakula’s legal team submitted the title deed for his Bukoto property along with his passport as part of his bail request.




The property’s valuation, situated in a high-end neighborhood of Kampala, was not disclosed, but similar homes in the vicinity are believed to be valued in the millions or even billions of shillings.




Semakula’s attorney contended that their client is not a flight risk and should be granted bail; additionally, he provided three sureties, which included his spouse, Jane Rose Semakula, who serves as the Deputy Clerk of Parliament, Vincent Tumusime Bamugaya, a director at the Office of the President, and former MP John Twesigye Ntamuhiira.




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