New Wakiso RDC sued over sh85m debt

Wakiso District Residential District Commissioner Ian Kyeyune has been dragged to Kampala High court commercial division by Cairo International Bank Limited for failure to pay a debt of over sh85m.

The banks said that on October 10, 2011 Kyeyune received sh61m loan from the bank to be paid within eight months with an interest of 26%. However, Kyeyune has defaulted payment.