80 Victims File Cases in Capital Chicken Ponzi Scheme

Kampala, Uganda | THE BLACK EXAMINER | Kira Road Police Station and Kampala Central Police Station have received over 80 complaints from victims of the Capital Chicken Ponzi scheme. One of the complainants reported losses as substantial as 420 million Shillings.

The number of victims is expected to exceed 80, as two case files, GEF 38/2023 and GEF 39/2023, have been opened at Kira Road and Kampala Central Police Station, respectively.

Sources indicate that a retired security officer invested over 380 million Shillings, while another retired civil servant invested 420 million Shillings in Capital Chicken.

Some individuals who invested in Capital Chicken had reportedly used Emyooga funds for their investments. The scheme’s managers promised a monthly profit of 15% on all investments in the chicken business.

Capital Chicken operated from its main office on Kanjokya Street in Kampala Central Division, where people entrusted their money for investment with the expectation of returns. Over nearly three years, Capital Chicken appeared to operate smoothly and attracted a growing clientele.

Luke Owoyesigyire, the Deputy Kampala Metropolitan Police Spokesperson, noted that clients became suspicious when managers began delaying their profit or capital payouts.

On September 29, a shockwave hit as individuals arrived at the office to find it unexpectedly closed. Although earlier estimates put the lost money at 1.6 billion Shillings, it is now alleged to be approaching two billion Shillings as more complaints emerge.

Owoyesigyire stated, “Statements have been recorded, shedding light on transactions. Furthermore, relevant documents pertaining to these transactions have been recovered to aid in our ongoing investigation.”

Police have identified the main suspects as Pius Wamanga and Ernest Sempebwa, who are believed to have fled the country. Some Capital Chicken employees also discovered the offices abruptly closed.

“Our investigators are diligently working to uncover the facts surrounding this alleged fraud. We understand the concerns of the victims and the public, and we are committed to bringing this investigation to a swift and just conclusion,” said Owoyesigyire.

Police have encouraged the public to continue reporting cases to gather sufficient evidence for the prosecution of the suspects once they are apprehended. However, some groups have vowed not to report, perceiving it as embarrassing.

In the previous year, over two billion shillings were lost in BLQ’s online gaming Ponzi scheme. One of the founders expressed gratitude on social media for Ugandans’ contributions and promised to return with a new version.

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