Kampala.- The Commercial Court in Kampala has summoned the State minister for Economic Monitoring, Henry Banyenzaki for failing to clear a bank a loan of over Shs92 million.

According to records before court, in May 2011, Mr Banyenzaki took Shs200 million from Bank of Africa on agreement that he would pay back in instalments within four years.

Upon paying some amount, Mr Banyenzaki, who doubles as the Rubanda County West MP in Kabale District, declined to complete payment.

This incident prompted Bank of Africa to petition court so that it can compel him to pay the balance with accrued 20 per cent interest.

The same court has summoned Butambala Woman MP Mariam Nalubega over unpaid loan of more than Shs50 million.

Court records show that Ms Nalubega borrowed the money from Bank of Africa in March 2011 and has since failed to refund despite repeated demands.

Consequently, the deputy registrar, Mr Thaddeus Opesen, has ordered Mr Banyenzaki and Ms Nalubega to file their defences against these allegations within 15 days of service. – Monitor

0

Comments

comments

About Author

Latest News

I Brought Life into Parliament: Mliswa

Harare, Zimbabwe (News of the South)-Incumbent ..

Education and Re-training to Reduce or Eliminate Structural Unemployment

By Lazarus Nyagumbo. Why are you not benefiting ..

Mnangagwa Set To Win 2018 Elections : Mutumwa Noah Taguta

By Levi Mukarati and Tendai Mugabe in Marange. ..

Like Us On Facebook

SUBSCRIBE: YouTube Channel

Whizz Kid 11 Year Old Joshua Ngoka Builds Computer

London, United Kingdom. – AN 11-YEAR-OLD ..

Forget Motivational Stories: Write Your Own

By Pearson Mbendera I have read a lot of ..

Winky D Shines At First Ever Zim Dancehall Awards

By Daniel Muzana Zimbabwe`s Winky was the ..

Vast Outcry For The Prodigal Son

Milton Mashasha Sports Reporter in Byo,Zim ..

A Story Of Love As Kenya Mourns The Westgate Mall Massacre

By Anoziva Marindire   The Nairobi Westgate ..

Inconsistency Costs The Chevrons Against Afghanistan

By Perkins-Tino Bare. Harare, Zimbabwe. (News ..

I Brought Life into Parliament: Mliswa

Harare, Zimbabwe (News of the South)-Incumbent ..

Education and Re-training to Reduce or Eliminate Structural Unemployment

By Lazarus Nyagumbo. Why are you not benefiting ..

Mnangagwa Set To Win 2018 Elections : Mutumwa Noah Taguta

By Levi Mukarati and Tendai Mugabe in Marange. ..

Murderer Kombian Returns To The Docks

Ghana`s notorious robber, Johnson Kombian, ..

Leaked Alangizi Video: Defending Alangizi, My Testimony

By Musamba Mumba Too much crap has been said ..

Eritrea Human Rights Abuses Highlighted At UN Review

Geneva – Eritrea was on Monday accused ..

Zimbabwe Communist Party Blasts Opposition Parties

By Munesu Chigada Harare, Zimbabwe (News ..

Mandatory Circumcision of Inmates In Prisons

By By Mutinta Moono Hanyama (Zambian Eye) ..

Industry Lacking Policy Synchronisation

By Wisdom Mumera (News Of The South) – ..