Ultra wideband (UWB) technology is one of the promising solutions for future short-range communication which has recently received a great attention by many researchers. However, interest in UWB devices prior to 2001 was primarily limited to radar systems, mainly for military applications, due to bandwidth resources becoming increasingly scarce and also its interference with other commutation networks. This research work provides performance analysis of multiband orthogonal frequency division multiplexing (MB-OFDM) UWB MIMO system in the presence of binary phase-shift keying time-hopping (BPSK-TH) UWB or BPSK-DS UWB interfering transmissions under Nakagami-m and log- normal fading channels employing various modulation schemes using MATLAB simulations. Also, provides capacity analysis showing variation of channel capacity with respect to distance well as signal-to-noise ratio.