Mwesigwa cries out to President Museveni over bank loan
According to Mwesigwa, his school, which sits on six acres of land, is under threat of attachment due to a loan of sh480m he obtained from ABC Capital Bank Limited before the COVID-19 outbreak in 2020.
Former Uganda Cranes captain, Andy Mwesigwa. (Photo by Job Nantakiika)
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The former Uganda Cranes captain, Andy Mwesigwa, has cried out to President Yoweri Museveni to come to his rescue and help him clear a bank loan in order to save his school - Andy Mwesigwa Sports College High School.
According to Mwesigwa, his school, which sits on six acres of land, is under threat of attachment due to a loan of sh480m he obtained from ABC Capital Bank Limited before the COVID-19 outbreak in 2020.
“I have done great things for this country because I was the captain of the national football team and for that matter I cry out to President Museveni, the prime minister Robinah Nabbanja and the speaker of parliament Oboth Oboth to come up and help me so that the bank does not take my property,” said Mwesigwa.
The administrative block of Andy Mwesigwa Sports College High School in Bugwanya Village, Kakiri Sub-county, Wakiso District. (Photo by Job Nantakiika)
Addressing journalists at his school premises at Bugwanya village in Kakiri sub-county, Wakiso district, Mwesigwa said that immediately after securing the loan, COVID-19 broke out. He said the pandemic resulted in a lockdown and closure of schools, which made it difficult for him to service the loan.
"But even with the lockdown, I managed to pay some installments," he said. Mwesigwa wondered how the loan had accumulated interest to a tune of sh1.3b.
After a short period of time, Mwesigwa said his school was advertised for sale and in July 2026, he was given a notice of sale.
Mwesigwa said the Government put some guidelines regarding bank loans, but the authorities of ABC Capital Bank seem not to have followed them, adding that it could be the reason his loan accumulated to such a big figure of sh1.3b.
When contacted over the matter, the Chief Executive Officer of ABC Capital Bank, Chris Kabagambe, said Mwesigwa needs to look at the terms he signed with the bank.
“Before banks give out the money to the client, the bank sits with the client and agrees on certain terms like the percentage, rate and the penalty in case of failure to pay in the agreed period of time,” said Kabagambe.