Kampala Businessman Remanded in Multi-Billion Gold Scam Case
Businessman Luyima Godfrey has been sent to prison by the KCCA Chief Magistrate’s Court after being charged with multiple counts of fraud in connection with a USD 600,000 gold scam.
Prosecution alleges that in September 2021, while in Kampala, Luyima tricked Korean investor Hyun Uk Kim into paying more than UGX 2.1 billion under the pretense that he would supply 53 kilograms of gold.
To execute the scheme, Luyima is said to have assumed the false identity “Likambo Augustine,” presenting himself as a Congolese dealer and backing his claims with forged documents.
The case was brought forward through a joint operation by the State House Anti-Corruption Unit (SH-ACU), the Criminal Investigations Directorate (CID), and the Office of the Director of Public Prosecutions (ODPP).
Court records also link the matter to an earlier prosecution in 2023 involving Balondemu David, Mkwe Eric, Mugisha James Jeff, and Maviri Godfrey, who had been charged over the same deal. The case, however, collapsed under unclear circumstances. The DPP has now ordered the revival of charges against all the suspects.
Luyima, who denied the allegations, was remanded until September 10, 2025, when the case will return to court for further proceedings.
