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One Remanded Over Multi Billion Deal to Defraud Investor

Ketcho Julius by Ketcho Julius
March 25, 2026
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The State House Anti-Corruption Unit, working alongside the Criminal Investigations Directorate and the Office of the Director of Public Prosecutions has arraigned Ibona Joseph before the Anti-Corruption Division on charges of obtaining money by false pretences.

According to prosecution, Ibona is part of a group of fraudsters, who include Mulyansaka Charles, a.k.a. Dr. Muo Dickens, Watum Peter, and Twebaze Drake a.k.a. Dr. John Karuhanga, who were earlier charged on various charges of defrauding an investor.

Prosecution alleges that the group is implicated in a fraudulent transaction involving the purported supply of an AdBlue solution (a chemical used to reduce carbon emissions in automotive engines) worth USD 4.95 million to various ministries of the Government of Uganda, mainly, the Ministry of Energy and Mineral Development and the Ministry of Works and Transport.

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Court documents show that the accused allegedly attempted to obtain USD 50,000 through a Bank Account, falsely claiming that the money was required for the registration of the investor’s company, TMA Africa Proprietary Limited, in Uganda when, in fact, this was not true.

The court has remanded Ibona to Luzira Prison until April 10, 2026, when the case will come up for mention.

Tags: Anti-Corruption DivisionState House Anti-corruption unitTMA Africa Proprietary Limited

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Ketcho Julius

Ketcho Julius

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