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    Three journalists brutally assaulted for exposing rot at Entebbe Airport

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    Trouble as 40 FDC big wits cross to NUP

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    New Twist: Pr. Bugingo narrates how Teddy bribed Suzan with millions to dump him

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    Gold overtakes coffee as Uganda’s leading export earner

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    “She is Misplaced”- Finance, ICT ministries refute Akol’s claims on OTT

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    Gov’t to drop OTT tax and Introduce a tax on all internet bundles

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    Revamped Namanve industrial park to create 200,000 jobs

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    Healthy Ministry acquires Equipment worthy shs700 in the fight against Ebola

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    PLE: Experts suspect Uneb of falsely manufacturing results

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    KCCA relocates over 160 street children to better facilities

    How Ugandan Gov’t is paying up billions to clean up its blood tainted image

    How Ugandan Gov’t is paying up billions to clean up its blood tainted image

    PLE 2022 Candidates performed better – UNEB

    PLE 2022 Candidates performed better – UNEB

    Three journalists brutally assaulted for exposing rot at Entebbe Airport

    Three journalists brutally assaulted for exposing rot at Entebbe Airport

    Body of Ugandan trader shot in Rwanda repatriated

    Body of Ugandan trader shot in Rwanda repatriated

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    Entebbe Airport: Staff arrested as extortion rocks Entebbe Airport

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    “Only Museveni can censure me”- Namuganza fires back at Amongi

    FDC’s bigwig faces expulsion for publicly supporting Muhoozi

    FDC’s bigwig faces expulsion for publicly supporting Muhoozi

    Bobi wine

    UHRC: NUP is using prisoner to gain public sympathy & Political Capital

    President Yoweri Museveni

    Cabinet Reshuffle: Pro-Muhoozi ministers to be appoint

    “Do you know why Bobi Joined Politics”- Kazibwe exposes everything

    “Do you know why Bobi Joined Politics”- Kazibwe exposes everything

    Kazibwe bashir : “Ssegirinya & Ssewanyana ate M7’s money, thats why they’re jailed”

    Kazibwe bashir : “Ssegirinya & Ssewanyana ate M7’s money, thats why they’re jailed”

    Trouble as 40 FDC big wits cross to NUP

    Trouble as 40 FDC big wits cross to NUP

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    Bobi Wine suspends Moses Bigirwa, four other NUP leaders

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    Felista Di Superstar passes with flying colours

    Felista Di Superstar passes with flying colours

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    SAD: Famous TikToker Asia Wa Charles Passes Away

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    VIDEO: Jose Filmed Brutally Beating Up a Boda Boda Rider

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    TikTok Award: No Ugandan creator worthy being celebrated

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    “Hamza is God Sent”- Remah on how Hamza healed her broken heart

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    New Twist: Pr. Bugingo narrates how Teddy bribed Suzan with millions to dump him

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    Gold overtakes coffee as Uganda’s leading export earner

    Gold overtakes coffee as Uganda’s leading export earner

    “She is Misplaced”- Finance, ICT ministries refute Akol’s claims on OTT

    “She is Misplaced”- Finance, ICT ministries refute Akol’s claims on OTT

    Gov’t to drop OTT tax and Introduce a tax on all internet bundles

    Gov’t to drop OTT tax and Introduce a tax on all internet bundles

    Revamped Namanve industrial park to create 200,000 jobs

    Revamped Namanve industrial park to create 200,000 jobs

    Museveni’s Minister Bahati escapes deadly assassins

    Uganda Development Bank to receive Extra shs100b

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    Healthy Ministry acquires Equipment worthy shs700 in the fight against Ebola

    Healthy Ministry acquires Equipment worthy shs700 in the fight against Ebola

    Govt to re-immunize all children again

    Govt to re-immunize all children again

    An Expectant mother loses baby after failing to raise Shs 100,000

    Makerere Student found Operating illegal clinic for 12 years

    Makerere Student found Operating illegal clinic for 12 years

    Uganda’s High rate of incest has reached worrying levels —Health ministry Officials

    Uganda’s High rate of incest has reached worrying levels —Health ministry Officials

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    A quack (fake) doctor who has carried out 13 operations in Gov’t Hospital on police’s most wanted

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MUK student commits suicide after losing Tuition to Crypto Currency scammers

Patrick Luwagga by Patrick Luwagga
October 1, 2019
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Police in Kampala have revealed that the Makerere University student, who was found dead in his hostel room, committed suicide after losing his investments in cryptocurrency dealings.

The Kampala metropolitan deputy Police spokesperson, Luke Owoyesigyire, told journalists during a weekly press briefing that by yesterday morning, investigators were not only certain that 22-year-old Ashraf Nsubuga committed suicide, but also that a bad cryptocurrency deal was the cause of his death.

The fourth-year student had been pursuing a Bachelor of Sciences in Medical Radiology at Makerere University. His body was found by his roommate in White House Hall (an extension of Nsibirwa Hall), hanging from a door leading to his room.

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Nsubuga was studying on a government sponsorship at the College of Health Sciences, but according to Owoyesigyire, he had many businesses, which he ran alongside his studies.

“We established that he was convinced to invest a huge amount of money in a digital asset known as cryptocurrency, hoping to make quick profits,” Owoyesigyire said.

Nsubuga also took some loans to increase his investments, but he was shocked to receive news that he had lost all the money. According to Police, Nsubuga decided to commit suicide out of frustration.

“We appeal to Ugandans, especially the young people at universities to always share their burdens with fellow students or councilors at their institutions so that they can receive the necessary counseling and guidance,” Owoyesigyire added.

Student took his life after cryptocurrency deal failed, say Police “Hewasconvinced to invest a huge amount of money inadigital asset known as cryptocurrency, hoping to make quick profits,” Police way forward Finance minister Matia Kasaija yesterday said they are considering the benefits and, “if it has come to stay and people find merits in it, we shall try to find a way to formalize it”.

Tags: Crypto currencyMakerere universityMUK
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Patrick Luwagga

Patrick Luwagga

Patrick Luwagga is the editorial director of cross-platform content for UGANDANZ. He works across the newsroom and with business partners to drive and develop ambitious editorial projects that include digital journalism, video, data research, polling, live events, and thought-leadership series that are supported by outside underwriting. As executive director, he is responsible for the creation of Political news section, prior to joining UGANDANZ, Patrick was the chief editor for the national weekly news magazine of Kasese Times. In that role, he covered several presidential elections, wrote and produced two television documentaries, and was a regular commentator on television and radio news programs. Patrick was born in Masaka and grew up in Kasese. He earned a bachelor’s degree in Journalism from Makerere University where he was a Knight Foundation journalism fellow.

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