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United Bank for Africa (UBA) Sierra Leone has praised the Anti-Corruption Commission (ACC) and the Judiciary for what it described as a landmark victory in the fight against financial misconduct, following the conviction of its former Head of Operations, Frederick Caulker.
Caulker, of No. 38A Taylor Street, Wellington, Freetown, was convicted on four counts of corruption after being found guilty of misappropriating nearly two billion old leones in public funds belonging to the National Revenue Authority (NRA). The funds were reportedly entrusted to UBA for official government transactions.
In a statement issued after the judgment, UBA Sierra Leone welcomed the outcome of the case, commending the ACC for its professionalism and the courts for upholding justice without fear or favour. The bank described the conviction as a strong signal that corruption will not be tolerated, regardless of an individual’s position or status.
UBA emphasized that the actions of the convicted former staff member were carried out in violation of the bank’s internal controls and ethical standards. The bank reaffirmed its zero-tolerance policy on fraud and corruption, stressing its continued commitment to transparency, accountability, and compliance with Sierra Leone’s financial and regulatory frameworks.
“The conviction reinforces public confidence in the justice system and demonstrates that institutions can work together to safeguard public resources,” the bank noted, adding that it remains committed to supporting national anti-corruption efforts.
The Anti-Corruption Commission had earlier revealed that Caulker abused his position of trust to divert public funds meant for government revenue purposes. The case forms part of the ACC’s broader drive to combat financial crimes within both public and private institutions.
Observers have described the ruling as a significant milestone in Sierra Leone’s anti-corruption campaign, particularly in holding senior financial sector officials accountable for the misuse of public funds.
UBA Sierra Leone concluded by reiterating its support for the rule of law and encouraged continued collaboration between financial institutions, law enforcement agencies, and the judiciary to protect the integrity of the country’s financial system.
