How a Nigerian Entrepreneur Became a Victim of a $70,000 Gold Fraud
7 Foreign Nationals Arrested in $70,000 Fake Gold Scam
What Happened
- In a highly coordinated sting operation, Uganda’s State House Anti-Corruption Unit (SH-ACU), in collaboration with the Criminal Investigations Directorate (CID), arrested seven individuals—four Congolese and three Ugandan nationals—on charges of defrauding a Nigerian businessman of USD 70,000 in a counterfeit gold deal.
- The suspects claimed to represent companies named Legacy Refinery Limited and Emerod Agency Limited, and convinced their victim, Mr. Mark Gbillah, that they could deliver seven kilograms of gold. Subsequent investigations revealed these companies had no actual gold to supply.
- A controlled encounter, coordinated with the victim, led to their arrest before any further money could be solicited. At their rented premises in Muyenga, Kampala, authorities recovered approximately 150 kilograms of counterfeit gold bars and imitation nuggets used in the fraudulent scheme.
Who Are the Suspects?
- Named individuals include:
- Paluku Kisasi
- Safari Akonkwa
- Isaac Mpende
- Abdul Madjid Kahirima
- Mabwongo Prince
- Kajjubi Tevin Kyome
- Tibasiima Barbra (also known as Katushabe Sharon).
What This Means
- Cross-Border Crime Alert: This case highlights the growing trend of sophisticated, cross-border fraud, especially involving precious commodities like gold. Law enforcement agencies in East Africa are becoming more adept at joint operations.
- Effective Tactics: The use of a controlled meeting and timely execution by SH-ACU and CID demonstrates how strategic coordination can prevent further losses and secure evidence.
- Investor Warning: The case serves as a stark reminder to verify gold suppliers and deals, particularly when dealing with companies or individuals from outside one’s primary market.
Summary Table
| Aspect | Details |
|---|---|
| Suspects | 4 Congolese, 3 Ugandan nationals (7 in total) |
| Victim | Nigerian businessman, Mark Gbillah |
| Fraud Amount | USD 70,000 |
| Modus Operandi | Claimed to supply 7 kg of gold via two fake companies |
| Outcome | Arrested during controlled meet-up; fake gold seized (150 kg) |
| Agencies | Uganda’s SH-ACU and CID coordinated the arrest and investigation |
About the Author
