The theft of 62 billion Ugandan shillings ($17 million) from the Bank of Uganda has sparked widespread controversy and raised questions about responsibility for the breach.

Reports from New Vision suggest that hackers, allegedly from a Southeast Asian group called “Waste,” breached the central bank’s systems. The stolen funds were reportedly transferred to accounts in Japan and the UK earlier in the week.

However, Daily Monitor provides a slightly different figure, noting that 47.8 billion shillings were taken. The report hints at an internal conspiracy, with both central bank and finance ministry employees under investigation. An audit by the Bank of Uganda also supports the theory of an inside job.

While the central bank announced it had recovered 37 billion shillings, investigations remain ongoing to identify those responsible and recover the remaining funds. The incident has prompted heightened scrutiny of Uganda’s financial security systems.

By Elizabeth Jenrola Oso

Elizabeth Omojenrola Oso is a Communications and Language Arts graduate, content writer, and reporter with a focus on thoughtful, human-centered storytelling. She is passionate about crafting clear, compelling narratives that inform, engage, and inspire.

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