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Uganda Charges Finance Ministry Officials Over $21 Million Central Bank Hack

Kehinde Giwa by Kehinde Giwa
February 7, 2025
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Uganda Charges Finance Ministry Officials Over $21 Million Central Bank Hack
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A Ugandan court has charged eight finance ministry officials with corruption, electronic fraud, and money laundering following a hacking incident on the central bank’s systems that led to the loss of at least $21 million.

The cyberattack, which occurred last year, involved diverting payments meant for the International Development Association (IDA), an arm of the World Bank, to companies in Japan, Poland, and London.

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The officials, including the ministry’s top accountant and an IT officer, were remanded in prison until February 18, as their offences are triable in the high court.

Tags: Central Bank HackFinance Ministry OfficialsYoweri Museveni
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