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The Bank of Uganda (BoU) has come under intense scrutiny following its abrupt cancellation of the National Payments Switch (BNPS) procurement process. This move has raised significant concerns over transparency, security, and alleged undue influence. The central bank annulled the deal just days after awarding the contract to a Moroccan firm, Paylogic S.A., citing security concerns that had supposedly been overlooked earlier. However, industry insiders and procurement experts suggest that deeper issues of favoritism and influence peddling may be at play. The international bidding process, initiated in July 2023 under reference number BOU/NCONS/22-23/00378/C, attracted twenty companies vying for the…
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The Nile Breweries scandal involving the Majok siblings has exposed significant weaknesses in corporate governance, oversight, and financial accountability. However, this case is not an isolated incident—it is part of a growing internal fraud crisis in Uganda. Businesses across the country are losing billions due to insider fraud, weak corporate controls, and ineffective enforcement. According to the PwC Global Economic Crime and Fraud Surveys (2020, 2022, and 2024) and the Uganda Police Annual Crime Report 2024, internal fraud remains one of the most financially devastating forms of corporate crime. In 2024 alone, Ugandan businesses lost over USD 272 million (UGX…
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Nile Breweries Limited, the Ugandan subsidiary of global brewing giant Anheuser-Busch InBev (AB InBev), is conducting an extensive investigation into allegations of fraud and financial misconduct within its sales and marketing departments. Central to the probe are two South Sudanese siblings, Amou Majok and Darwin Majok, who allegedly leveraged their positions in the company to orchestrate fraudulent schemes estimated to be in billions of shillings. A Family Affair: Fraud Within the Ranks One of the major leads in the investigation is that Darwin Majok, formerly the National Trade Marketing and Key Accounts Manager, directly reported to his sister, Amou…
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Nile Breweries Limited, a subsidiary of global brewing giants Anheuser-Busch InBev ( AB InBev), is investigating a number of its staff in the sales and marketing units over fraud. The fraud investigation has also dragged in several of its third-party partners and service providers, such as distributors and sponsees. It is alleged that staff in the sales and marketing departments have been creating either fictitious sponsorships and then drawing and sharing the money with staff and other third-party partners involved in the bogus schemes. Another allegation being investigated is that staff have been colluding with sponsees to overinflate bills, and…
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