Equity Bank’s #ticker:EQTY Uganda subsidiary has frozen an account belonging to a sports pyramid scheme following a recent complaint by the Rwandan authorities that the illegal operation, which has a presence in Kenya, was fleecing its citizens.
Equity, under the instruction of the Bank of Uganda (BoU), suspended an account belonging to Magara Smart Protus – the promoter of an online sports trading platform referred to as D9 Club.
