Why Stanbic Froze Mayor Fabrice Rulinda’s Shs 275M Transaction Linked to M23 Rebels
National News
3 min read
163

Why Stanbic Froze Mayor Fabrice Rulinda’s Shs 275M Transaction Linked to M23 Rebels

March 17, 2026
0

The Constitutional Court has dismissed a case filed by Fabrice Rulinda, the Entebbe Mayor and PLU activist, over a $73,000 (about Shs 275 million) transaction that was reversed and his account frozen by Stanbic Bank. On August 11, 2017, the money was deposited into Rulinda’s dollar account at Stanbic’s Bugolobi

Continue Reading