Nigerian fraudster opts to compensate his victims

By Sania Babirye
A British of Nigerian origin Charles Lambert and his Kenyan counterpart Caroline Waithera Waweru who are charged with Giving false or misleading information have further been remanded to Luzira prison until the 21st of December 2017.

The two had returned before Nakawa court chief magistrate Agnes Alum for their bail applications hearing,however their lawyer Moses Mugabe informed court that they are in negotiations with the victims lawyer Waiswa Ramadhan of Katuntu and Company advocate to see how the suspects can compensate the victims they defrauded millions of shillings.

Lawyer Waiswa has revealed that they began with 50 victims but the number keeps on increasing and right now they stand at 200 victims.

He says that the negotiations are to see how Lambert will compensate them and how much and the particular time frame in which the compensation is to be done.
The Chief magistrate has welcomed the negotiations and advised both parties to involve prosecution in the process and return to court on Friday this week to inform her about the status of the negotiations.
Lambert the Chairman of the Developmental Conglomerate Ltd and Waweru the Director of the said Company were further remanded to Luzira prison until today after their lawyer Moses Mugabe failed to present bail application as scheduled.

Mugabe informed court that although he was meant to argue Waweru’s application, he instead presented Court documents for Charles Lambert forcing the magistrate to adjourn the case .

It is alleged that between October, 2017 and November 2018, in various parts of Uganda Lambert and Caroline disseminated misleading information to induce members of the public to purchase shares in his Company, knowing or having reason to believe that such information was false.