Former NSSF managing director David Chandi Jamwa has Tuesday May 15, walked home after Supreme Court judge Stellah Arach Amoko released him on bail.
Jamwa is out on bail pending an appeal he filed in the Supreme Court in which he is challenging a 14-year jail term given to him by the Anti-corruption Court. After spending six years out on bail , the Court of Appeal in January 2018 sent Jamwa back to Luzira maximum prison to serve the jail term that was handed to him in 2011 for causing NSSF a Shs3.1 billion loss when he prematurely sold the Fund’s bonds held in then Crane Bank.
Justice Arach Amoko agreed with Jamwa’s lawyers that he is at risk of dying of cardiac arrest since he is hypertensive.
Jamwa has been ordered to pay cash ten million shillings, deposit his passport and his wife’s tittle for land located in Munyonyo with court as security for his bail .
The Court also found Jamwa’s five surities substantial and were each given a non cash bond of Shs500 million.
Jamwa has been ordered to report to the supreme court registry every last working day of the month until the final disposal of his appeal.