Anthony Kituuka, the Equity Bank Uganda Limited (EBUL) Managing Director has resigned.
The bank said in a statement that Kituuka resigned on November, 28 and that his resignation has been accepted by the Board of Directors.
Kituuka has served as Equity Bank Uganda Managing Director for two years from November 2022 and
previously as Executive Director from 2016.
He joined Equity in 2014.
“I am proud of the time that I have served in Equity. I want to thank the Board for their leadership, the staff and all our stakeholders for their support and wish them well as they purpose to be more significant and impact more lives in line with Africa Recovery and Resilience Plan which targets to impact 100 million customers by the year 2030,” said Mr Kituuka.
The Chairman Mark Ocitti on behalf of the Board of Directors, the Management, and staff of Equity Bank
Uganda, thanked Mr. Kituuka for his years of service.
“We are grateful to Mr. Kituuka for his dedication and trust in the brand,” said Ocitti.
By the time of Kituuka’s resignation, Equity Bank Uganda had reached a current customer base of 2.2 million, customer deposits of nearly shs3 trillion, a loan book close to shs1.7 Trillion and a balance sheet of nearly shs 3.5 Trillion.
The bank also has nearly 9000 Equi-duuka and has 50 branches.
However, by the time of Kituuka’s resignation, Equity had just got over a scandal it was embroiled in.
Early this year, a number of people most Equity staff were arrested and charged to court for defrauding the bank in a shs62 billion case.
These included Julius Musiimenta the Head Agency Banking, Erina Nabisubi the Relationship Manager Telecoms, Fred Semwogerere a Banker, Crescent Tumuhimbise Tibarwesereka, a Relationship Officer and Wyclif Asiimwe a Distribution and Marketing Consultant.
Court was told that between 2021 and 2024 at Equity Bank Church House in Kampala City being employed as the Relationship Manager Telecom, Nabisubi incurred a debt of shs6.55 billion from the Bank falsely pretending that the loans were being applied for by Gladys Najjemba whom she fronted as having fulfilled the bank requirements for accessing the loans whereas not.
It is also alleged that Nabisubi intentionally impeded the establishment of the true ownership of 6.5 billion shillings which she fraudulently obtained from the Bank through Account Number 1032100370335 in the name of Najjemba purporting it was applied for as a loan yet it was a proceed of crime.
The Prosecution further accuses Nabisubi of having incurred a debt of shs300 million and fronted a one Latiffa Nagawa as the person who had fulfilled the requirements to secure that loan which was not true.
On the other hand, Julius Musiime is accused of having intentionally concealed the true ownership of shs18 million which he allegedly received as a gratification from Stella Mutuuza for having processed a loan of shs700 million by requiring her to deposit the said gratification on the account number belonging to Gilbert Rwaheru Kiiza, well knowing those deposits were proceeds of crime.
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