The Anti-Corruption Court has remanded a man to Luzira Prison over allegations of defrauding a property buyer of more than USD 205,000 (approximately shs 800 million) in a fraudulent house sale deal in Bunga.
Faisol Nyanzi was Monday arraigned before the Anti-Corruption Court by the State House Anti-Corruption Unit, working with CID and the Office of the DPP.
He faces charges of obtaining money by false pretence and conspiracy to commit a felony.
Prosecutors allege that on July 15, 2025, at Standard Chartered Bank on Speke Road in Kampala, Nyanzi together with his co-accused, Ibrahim Kavuma, who is already on remand, and others still at large conspired to defraud a buyer under the guise of selling a residential property in the upscale neighbourhood of Bunga.
The victim reportedly handed over USD 205,556 (approximately Shs 800 million) to the suspects, believing they were purchasing the property.
Nyanzi denied the charges and was remanded until November 4, 2025.
Authorities say efforts are underway to trace other accomplices and recover the stolen funds, as investigations continue.
