As we keep looking on the ways how people have lost their property due to bank loans and how people have suffered while paying the unknown loans in equity bank, things are worse than how we expected them in other banks.
As TV 10 Gano Mazima we have to keep you informed and protect you against fraud from these heartless people who do their selfish things and destroy other peoples property.
In post bank Uganda, the scandal regarding the squandering of money belonging to their clients is all in the hands of four people and others who are everywhere in all post Bank branches all over the country.
Post bank started as the message sending and receiving channel where some people used to send letters to their loved ones, but due to the improving technology, the use of letters has reduced and most of the people have turned to the use of phones.
It started in 1926 as the department of East Africa Tel-communication and later in 1978 it became the Uganda post due to the misunderstandings between president Idi Amin Dada and the Tanzanian president.
After it had become the Uganda post, it gave birth to Uganda Tel-com, Post savings bank the current post bank, UCIT,and UCC.
This company made a lot of profits and came out with its visible property and among them is the current office of the prime minister, which it lost due to privatization.
In 2019 the anti corruption of Uganda discovered that the bank had lost at least 38billion Uganda shillings in unknown way of which made a certain team of workers quit their jobs together with the top management which brought in the management that is currently being suspected to be involved in fraud.
According our reliable sources ,TV 10 has come to find out that this current management led by Mr Kaketo Julius and other four people like Lukyamuzi Martin and Agaba Andrew are always together in selling the clients properties.
It is said that if these people find out that they are working with someone who cannot deal with them in stealing clients property they are always harassed until they accept to quite their jobs and leave the selfish team do its work.
Mr Julius Kaketo the managing director post bank is said to be using the policy of money for jobs where he is promoting some people who don’t have qualifications. For example he transferred Mr Lukyamuzi Martin in 2020 and before the end of the year he was transferred to the main brunch without following any of the bank rules.
According to the sources, the bank policy suggests that if someone is to be given the transfer he or she should have worked in a certain brunch for at least five years either under poor performance or excellent performance.
This same man didn’t have any note on record that proved him to have quickly served better compared to how he would perform in one year and after a certain period of time he was declared as the greater Buganda regional manager.
After his arrival to the main brunch he was seriously put to an increased salary than other people who were at the same level with him, which shows that corruption in Uganda is permanent.He used to earn 7million and after the increment he started earning 11million of which no one is very sure why his salary was increased.
“It seems that Mr Kaketo Julius has a strong person behind him because most people have tried to report their cases to different offices but they are not given attention,”The source said.
It’s unfortunate that the same man Julius Kaketo is the head of the Uganda Bankers association where these people should go and report.
Mr Kaketo and his team are working hard to see that this financial institution collapses as it was in all the banks they previously worked for like equity and orient bank.
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