Sim-card-Bank Fraud: Uganda Police Arrest Nigerians, Pegasus Technologies Staff

Police have arrested six suspects to help investigations into the hacking of aggregator Pegasus Technologies Ltd, leading to the theft of billions of shillings from commercial banks.

The apprehended suspects include 3 Nigerians who live in Kampala.

Two employees of Pegasus Technologies only identified as Edwin and Kitende were also picked by detectives this week.

One suspected hacker was arrested by Crime Intelligence operatives on Thursday at Auto Spa in Munyonyo, a Kampala suburb.

CID Spokesperson, Charles Twine confirmed the arrests but said he was aware about two suspects who were in their custody.

“Yes it is true, we have arrested two suspects who are employees of Pegasus Technologies,” Twine told ChimpReports this Friday morning.

Asked if the suspects had provided any substantial information to help investigators unravel the case, Twine observed: “We don’t share evidence at this moment because the investigations are still ongoing.”

Highly placed sources said interrogation of suspects was still underway.


“They are being grilled by detectives. Even other security agencies are interested in this matter because it threatens the integrity of our banking industry. We’ll look at the statements recorded by the suspects and also examine scientific evidence available to determine our response,” said a source who’s briefed about the investigation.

MTN Uganda on Thursday confirmed that aggregator, Pegasus Technologies Ltd on 3 October 2020 “experienced a security breach that impacted Bank 2 Wallet transfers.”

Wim Vanhelleputte, Chief Executive Officer MTN Uganda, observed that although the “incident did not affect any customer money mobile balances, a limited number of other services aggregated through the third-party provider were suspended as a precautionary safety measure.”

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