Church House could be auctioned over sh48b debt

Impeccable sources say Equity Bank, which extended a sh41b loan ($10m and another sh5b) towards construction of the 16-storeyed building, is demanding about sh40b. The remaining sh8b is owed to other entities/individuals.

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Church House could be auctioned over sh48b debt

By NewVision Reporter

Journalists @NewVision

#Church House #Church of Uganda #Equity Bank Uganda #Land Coin Limited

The Church of Uganda is in crisis talks after it emerged that its multi-billion Church House building on Kampala Road is at risk of being auctioned over sh48b unpaid debt.

Impeccable

Church House could be auctioned over sh48b debt

Impeccable sources say Equity Bank, which extended a sh41b loan ($10m and another sh5b) towards construction of the 16-storeyed building, is demanding about sh40b. The remaining sh8b is owed to other entities/individuals.

Church House could be auctioned over sh48b debt

By NewVision Reporter

Journalists @NewVision

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