Centenary Bank Speaks Out on “Dead” MP Elect Settlement

This website On July 25th 2018, reported of a man who resurfaced for the recently concluded municipality elections, 12 years after he was declared dead, buried, with his grave still up in his village.

Patrick Ochan, now the Apac Municipality MP elect, according to available documents; died in 2006.

This was the time he was facing charges of stealing Shs 26m from Centenary Bank. Upon his “death,” the case was removed from court records.

When Ochan “resurrected” to participate in the election, Centenary Bank swiftly moved to resurrect the case against him.

This website got a copy of a letter, marked ‘confidential,’ from the Centenary Bank Investigations Manager, Henry Ssenkenzi to the Director CID Grace Akullo requesting for the urgent reinstatement of the case that collapsed in 2006 after Ochan’s “death”.

“On behalf of Centenary Bank, we request to open police case at CID headquarters Economic Crime and Financial Intelligence Unit against Mr. Patrick Ochan, our former staff (bank officer) at Nakivubo branch who embezzled bank money to the tune of Ugx 25,000,000 between 18th and 20th 2006 at Nakivubo Centenary Bank branch,” part of the letter said.

We now understand Ochan, after being declared the winner on August 2nd 2018, he paid Centenary Bank Shs 35m to settle the matter out of court.

When contacted on phone, Ochan declined to acknowledge the payment or comment but referred us to talk to Centenary Bank.


The bank’s Public Relations Officer, Allen Ayebare confirmed the settlement of the matter to our reporter.

“It is true Mr. Ochan has amicably settled matter with Centenary Bank. We decided to solve it out of court and there is no case against him now,” she said.

The UPC President Jimmy Akena had earlier described the matter as a propaganda meant to disorganize Ochan’s political ambition.



Back to top button
Translate »

Adblock Detected

Please consider supporting us by disabling your ad blocker