UGANDA, Kampala | Real Muloodi News | Letshego Uganda, a subsidiary of Letshego Holdings Limited, has denied media reports that the company sold off a borrower’s property in Kisaasi under fraudulent circumstances.
In a statement released on January 28, 2022, the company emphasized that the sale of the property, Block 214, Plot 4773 in Kisaasi, was carried out legally under the Mortgage Act and regulations, and that Letshego Uganda exercised its rights as a mortgagee in the sale to the highest bidder at auction.
The company also dismissed reports that its CEO, Mr. Giles Aijukwe, fled the country following the sale of the borrower’s property. Instead, the company stated that Mr. Aijukwe is on official leave and will return to the company once his leave is complete.
The statement also denied the rumors that Mr. Aijukwe purchased the property through a third party, and asked the public to disregard the false story.
We request the general public to treat this story with the contempt it deserves,” read the statement in part.
Letshego Uganda Limited is a Tier IV microfinance institution in Uganda that offers loans for SMEs, mortgages, education, and more, as well as savings accounts.
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