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Court Orders MP To Pay Nearly UGX 5 Billion in Loan Default Case

Court Orders MP To Pay Nearly UGX 5 Billion in Loan Default Case

The Commercial Division of the High Court has ordered Jie County MP, Lokii Peter Abrahams, to pay businessman and money lender Amit Jain nearly 5 billion Shillings for failure to repay a loan taken in 2012.Justice Steven Mubiru ruled that Lokii defaulted on a 265 million Shillings loan, wh

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Bucha Man Reveals How He Manages Multiple Partners Without Drama

Bucha Man Reveals How He Manages Multiple Partners Without Drama

Musician Buchaman has opened up on his polygamous marriage, noting that all his women knew each other and exercised maximum respect towards each other.Bucha Man has openly been a polygamous man with many women and children, despite the world mostly knowing Claire Nanganja, alias Maama Ghet

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Uganda’s impeding debt crisis

Uganda’s impeding debt crisis

In a recent podcast of Bad Natives, I argued that there is a real risk of Uganda defaulting on her domestic bonds in two to three years. It makes little sense to judge a country’s debt sustainability using the debt-to-GDP ratio. GDP is not a resource of government which it can use to pay credit

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Surveyor ordered to pay Centenary Bank Shs 520m for ‘over-valuing’ land offered as security

Surveyor ordered to pay Centenary Bank Shs 520m for ‘over-valuing’ land offered as security

Katuramu & Company, a surveying firm, has been ordered to pay Centenary Bank Shs 521 million for misleading the bank into extending a loan to a client without conducting proper due diligence on the land offered as security.The case started in December 2021 when Hasifa Namulondo applied

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Video: Senior Lawyer Muwema evicted from Kololo office over Shs1.4 billion Rent arrears

Video: Senior Lawyer Muwema evicted from Kololo office over Shs1.4 billion Rent arrears

Senior lawyer Muwema was evicted from his office early Friday morningSenior city lawyer Fred Muwema was on Friday morning evicted from his law firm offices in Kololo after defaulting on rent arrears now estimated at about Shs1.4 billion. Court bailiffs executed the eviction on Frida

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OFFICIAL EXPLANATION: KCCA On Why Kizza Besigye’s New Party’s Katonga PFF Offices Were Closed-MUST PAY SHS22M

OFFICIAL EXPLANATION: KCCA On Why Kizza Besigye’s New Party’s Katonga PFF Offices Were Closed-MUST PAY SHS22M

In a Monday interview with Mulengera News, the KCCA chief publicist Daniel Nuwabine explained why the Plot 6 Katonga Road-based PFF party offices in Kampala were closed. On Monday journalists turned up for the weekly news conference only to find the place under lock and key.The offices had

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TV10 Executive Fined Shs4 Million, Equipment Forfeited Over Illegal Broadcasting

TV10 Executive Fined Shs4 Million, Equipment Forfeited Over Illegal Broadcasting

KAMPALA, Uganda — The Chief of Strategy at TV10 Gano Mazima, Dean Lubowa Ssaava, has been fined Shs4 million and ordered to forfeit all broadcasting equipment after pleading guilty to operating without a licence issued by the Uganda Communications Commission (UCC).The case highlights the

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Court orders Muwema to pay Shs1.3b arrears, vacate Kololo property over lease breach

Court orders Muwema to pay Shs1.3b arrears, vacate Kololo property over lease breach

Kampala, Uganda: The High Court (Commercial Division) has ordered M/S Muwema & Co. Advocates to pay a total of USD 372,300 (approx. Shs1.34bn) in rent arrears and mesne profits, and to immediately vacate prime premises in Kololo following a protracted lease dispute with Downtown Investments L

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SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

SH1.3 TRN INVESTED…1.4BN PROFITS! UDC Bleeds Cash as 8 out of 10 Govt Firms Sink Into Losses

Uganda Development Corporation was created to be the State’s industrial engine, the strategic investor that would put public money into commercially viable ventures and drive Uganda’s transformation. Instead, the latest Auditor General’s report paints a troubling picture of a corporation po

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Whistleblower flags irregular ruling patterns at Buganda Road Court

Whistleblower flags irregular ruling patterns at Buganda Road Court

Reader modeWhistleblower flags irregular ruling patterns at Buganda Road Courtugstandard.com21hWhistleblower flags statistically irregular court rulings favoring Clarks Financials Ltd at Buganda Road Court, prompting calls for an administrative probe into default judgm

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