Centenary Bank Suspends All PINs Amid ATM Fraud Scandal

Uganda Cranes troop preparing to battle Sudan in the final round of the Africa Nations’ Championship qualifier commenced training earlier on Tuesday with  gym work at Paradise gym located at Acacia mall, order Bukoto and then finished the day’s 2-hour field training session at Legends club.

The training was largely successful with all summoned players in attendance.

“It is a great feeling to represent my country, I will fight hard for a place in the team because this is a dream i have been chasing. Now the opportunity is here for me to do the duty ahead. We pray to do the best for the country,” Sadolin Paints midfield dynamo, Peter Katumba told ChimpSport after Tuesday training.

The team resumes training on Wednesday at the same venue from 11AM.

The Cranes host Sudan on Saturday 17th October in the first leg before travelling to Khartoum a week later for the final fixture. The overall victor from the two fixtures qualify for the finals to be held in Rwanda from 15th January next year.

Full squad in camp.
Mathias Kigonya (Bright Stars FC), Isma Watenga
(Vipers Sc), James Alitho (Vipers SC),

Def. Denis Okot (KCCA FC), Ibrahim Kiyemba (LwezaFC), Joseph Ochaya (KCCA FC),Isaac Muleme (SC Villa Jogoo), Shafiq Bakaki  (Vipers SC), Wasswa Hassan Dazo (KCCA FC), Ayub Kizza (Express FC), Muwanga Bernard (Bright Stars FC), Awanyi Timothy (KCCA FC), Katongole Henry (SC Villa Jogoo),

Midfielders. Ivan Ntege (KCCA FC),Deus Bukenya (Vipers SC), Peter Katumba (Sadolin Paints FC), Hakim Senkumba (KCCA FC), Muzamir Mutyaba (KCCA FC), Kizito Keziron (Vipers SC), Faruku Miya (Vipers SC)

Robert Ssentongo (URA FC), Ceaser Okhuti
Express FC), Frank Kalanda  (URA FC), Erisa
Sekisambu (Vipers SC) and  John Ssemazi  (Vipers
Centenary Bank, treat the country’s largest indigenous financial institution is investigating a major hit on their Automated Teller Machine systems.

Chimpreports is following lead on an alleged fraud that was orchestrated on the bank’s Mbarara Branch during the just concluded Independence weekend, in which customers lost hundreds of millions of shillings from their accounts.

As investigations get underway, the bank we have learnt, has suspended all PIN codes of all customers and asked them to acquire new ones.

According to a bank employee who sought anonymity due to the gravity the matter, a sizable amount of money still unknown to the bank itself was lost in the fraud.

The source also tells us that on reviewing the CCTV footage, “some half cast individuals were seen to be withdrawing the money.”

Centenary Bank is yet to come public on this particular matter. However, this morning, on top of suspending all customers PIN numbers, it also trimmed the maximum withdraw amount from Shs 1 million to only 100,000.

When contacted on the drastic move, the bank said it was only conducting routine system maintenance on the ATMs across the country.

“We have temporarily revised the ATM withdraw amounts to a maximum of 100,000/= in order to resolve a system glitch,” they revealed.

“We are therefore requesting customers to first change their PIN at any branch with a valid ID before transacting.”

Customers intending to withdraw more than Shs 100,000 were advised visit the nearest branch and would be helped at no charge.

In a phone interaction, one of the bank’s officials informed us that the bank was still unable to cast a time frame on how long this would take to resolve.

According a recently released Police report, ATM fraud makes a big component to cyber crimes taking root in the country of late.

Centenary bank over the past years has been a target of ATM fraudsters together with other banks which include Global Trust, Finance Trust, Stanbic bank, Orient bank, KCB, Barclays among others.

In January 2014, four Bulgarian nationals were sentenced to 20 years in prison after they were found guilty of ATM Fraud. These were caught with 38 ATM cards of various identities.

The Police Report also emphasizes that most of these cases are not reported to the police for fear to lose clients. The institutions prefer to compensate victims.

The new development comes only months after one of the Centenary Bank’s top managers Grace Adakun was sent to jail for stealing sh540m from the bank.

Mrs Adakum was in March this year convicted by the Anti – Corruption Court of counts of embezzlement and causing financial loss to Centenary bank.

Adakun reportedly carried out fraudulent transactions several times using ATMs and transferred funds to her children’s and other relatives’ accounts.



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