Ecobank Rwanda $620,000 cyber fraud convict appeals seven-year jail term

Ecobank’s headquarters in Kigali, Rwanda.

Photo credit: File | Nation Media Group

Denis Ntumwa, a Ugandan national and investor in Rwanda, is appealing a seven-year sentence imposed by a Kigali court for cyber fraud involving the theft of about $620,000 from Ecobank Rwanda.

Ntumwa is accused of acting with accomplices who remain at large after creating a firm used to siphon money from the bank through fraudulent electronic transactions.