SIMBAMANYO | BANK OF UGANDA | FRAUD

KAMPALA - Peter Kamya the owner of Simbamanyo House on George Street and Afrique Suits in Mutungo did not make any payments for the two loans he acquired from Equity Bank Kenya and Equity Bank Uganda. 

The two properties in question were also foreclosed in March 2017 after the businessman defaulted on the loans, preliminary investigations by Bank of Uganda (BoU) have revealed.

Kamya instead opted to use courts of law on several occasion to try hide his loan liability with the two banks. 

 The report accessed by Sunday Vision prepared by BoU follows President Yoweri Museveni’s directive dated September 3, 2021 to the Governor Bank of Uganda to probe the sale noting that Kamya and his wife Margaret Muganwa had asked him to intervene in regard to the sale of Simbamanyo House and Afrique suits by the bank on grounds that they had been foreclosed during the Covid-19 period.

Details in the Sunday Vision (September 26, 2021) tomorrow. 

Sunday Vision (September 26, 2021)