today's Pick
New Wakiso RDC sued over sh85m debt
Publish Date: Mar 04, 2014
New Wakiso RDC sued over sh85m debt
Ian Kyeyune
  • mail
  • img
newvision


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.

 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
ICC releases four DR Congo war crimes suspect aides
The International Criminal Court on Tuesday ordered the interim release of four suspects in former Congolese vice president Jean-Pierre Bemba's case to avoid their pre-trial detention becoming "disproportionate"....
Museveni calls for political mobilization against Ebola
PRESIDENT Yoweri Museveni has expressed sadness at the loss of lives in West Africa due to the Ebola outbreak and said that the people of Uganda stand with their brothers and sisters...
Minister orders musician’s arrest over x-rated video
IRRITATED by the recently released X-rated music video of little known city singer Panadol Extra, Fr. Simon Lokodo, the Minister of Ethics and Integrity, ordered the arrest of the singer...
THE highly contagious Ebola virus, which has killed more than 4,500 people in west Africa since December and has fueled global alarm...
Ugandan rebels spread fear with DR Congo massacres
You sent soldiers to wipe us out, but here we are." That was the chilling message from Ugandan rebels during the latest massacre in the northeastern Democratic Republic of Congo, according to one survivor...
Mbabazi steps aside as NRM secretary general
National Resistance Secretary General, Amama Mbabazi, has taken leave of absence from office....
Do Ugandan tycoons prepare their children to take over their business empires?
Yes
No
Can't Say
follow us
subscribe to our news letter