A former credit officer at Equity Bank has been convicted and sentenced to prison over a corruption-related fraud case involving the irregular transfer of more than Shs 52 million from a customer’s account.
On Tuesday, June 16, 2026, the Anti-Corruption Court convicted Ijuka Marvin, a former Credit Officer at Equity Bank, after concluding his prosecution. His Worship Mujuni Paul sentenced him to 12 months’ imprisonment.
According to court records, between June and October 2019, Ijuka Marvin and his co-accused, Caroline Kamwebaze, abused their positions at the bank to irregularly process unauthorized transfers from several customer accounts, including that of Kobusingye Mercy, proprietor of Victory Junior Primary and Nursery School.
Kobusingye reportedly lost Shs 52,750,000 after the funds were transferred to the account of one Tumwine Michael through journal vouchers, which are used to facilitate inter-account transfers within the banking system.
Investigations revealed that the duo fraudulently used the journal vouchers while falsely claiming they had been authorized by the account holder.
The fraud came to light when Kobusingye noticed suspicious activity on her account, including several unauthorized withdrawals, prompting her to alert bank management.
Subsequent audits and investigations confirmed that both Ijuka Marvin and Caroline Kamwebaze had processed the transfers without the required authorization.
The suspects were later arrested by police and charged by the Office of the Director of Public Prosecutions (DPP) with causing financial loss.
During the trial, Kamwebaze entered into a plea bargain agreement and was convicted. However, Ijuka chose to contest the charges and proceeded through a full trial.
Court records indicate that in February 2026, Ijuka absconded during his defence proceedings, forcing the court to issue a warrant for his arrest.
After determining that his continued absence had made it impracticable for the trial to proceed in his presence, the court allowed proceedings to continue and scheduled judgment.
On Tuesday, the Anti-Corruption Court convicted Ijuka in absentia and sentenced him to 12 months in prison. Under the Anti-Corruption Act, he is also barred from holding public office for 10 years from the date of conviction.
Although he remains at large and is still subject to an arrest warrant, the Office of the DPP said the conviction demonstrates that suspects cannot evade justice by avoiding court proceedings.
“The Office of the DPP will continue to work closely with law enforcement agencies to ensure that the convict is arrested and brought before the court to serve his sentence,” the prosecution stated.
The case was prosecuted by Abigail Agaba, Chief State Attorney in the Anti-Corruption Department of the Office of the DPP.
