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Kampala Businessman Remanded Over UGX 2.1 Billion Gold Scam

Andama Hamid by Andama Hamid
September 4, 2025
in News
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Kampala Businessman Remanded Over UGX 2.1 Billion Gold Scam
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The Kampala Capital City Authority (KCCA) Grade 1 Magistrates’ Court has charged and remanded businessman Luyima Godfrey over allegedly scamming a Korean national with fake gold worth over UGX 2 billion.

Court heard that in September 2021, while in Kampala District, the accused obtained over USD 600,000 (UGX 2.1 billion) from Hyun Uk Kim, a Korean national, by falsely claiming he would supply him with 53 kilograms of gold.

To execute the fraud, he allegedly posed as a Congolese gold dealer under the false identity “Likambo Augustine”.

Luyima who faces multiple charges, including obtaining money by false pretense, uttering false documents, and forgery further presented forged documents to the victim in a bid to make the transaction appear genuine, whereas it was not.

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Seven Arrested over Defrauding Nigerian UGX 249 million in Fake Gold Scam

In 2023, Balondemu David, Mkwe Eric, Mugisha James Jeff, and Maviri Godfrey were charged in the same case, but under unclear circumstances, the matter was dismissed by court.

The DPP has since ordered the reinstatement of charges against all the suspects involved.

Kampala Businessman remanded over UGX 367 million Gold Scam

Luyima who has been remanded until 10th September 2025 was arraigned before the court following his arrest by the State House Anti Corruption unit in collaboration with the police criminal investigation department and the Office of the Director of Public Prosecution.

Tags: Gold Deals in UgandaKampala Businessman Remanded Over UGX 2.1 Billion Gold ScamKCCA CourtKCCA Magistrates courtState House Anti Corruption unitUgandan arrested over scamming Korean National Gold

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Andama Hamid

Andama Hamid

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