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Mbarara: Balya Mall Taken Over by Orient Bank

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Mbarara City’s Balya Mall which is owned by the Chairman of Mbarara Investors Club Apollo Balya Muhumuza has been seized by Orient Bank over an unpaid loan.

The building which houses Balya Stint hardware and other businesses was over the weekend sealed off by court brokers.

Tycoon Apollo Muhumuza

The owner is said to have defaulted on a Shs 9Billion loan from Orient Bank.

According to the Bank lawyers of KT Advocates, the property located on Masaka Road was used to secure the loan extended to Balya Stint Hardware Ltd.

The lawyers say Balya has on many occasions been served with demand notices which he failed to respect.

The Bank says Balya was served  demand notices on June 5th and August 16th last year.

“Upon failure to respect the notice, the property was subsequently advertised for sale on Friday, March 13th 2020 but he also didn’t reply,” the lawyers said.

While Banks in the country have recent been asked by President Yoweri Museveni to be lenient to defaulting customers, Orient Bank says Balya defaulted on the payments long before the Covid19 pandemic.

When contacted, Tycoon Balya promised to get back to us as he was in Kampala in a meeting.

 



Source – chimpreports.com

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Muntu Blocked in Kamwenge

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Alliance for National Transformation presidential candidate Gen. Mugisha Muntu has been blocked from campaigning in Kamwenge according to a statement he released earlier today.Below is the full statement:

STATEMENT
Today in Kamwenge, as we have done since the start of the campaign season, we headed out to speak with the people. We had earlier in the week agreed on the venue with security agencies. No one had anticipated that it would rain as much as it did, making it impossible for us or the people to access.

After identifying an alternative place only 100m away from the original venue, negotiating with the owner and communicating the same to the public, we headed to the second venue only to be stopped by police.

Our policy has always been to do all we can to be reasonable, even in the face of unreasonable action on the part of the state. We engaged the police leadership in a civilized, respectable manner well knowing that they intended to not only frustrate us, but cause us to act in ways that would give them an excuse to cause chaos. This was on top of their intimidating the radio we had booked and duly paid to appear on.

While we are confident that we are on the right side of both the law and reason, we have chosen not to endanger the lives of our supporters or the general public by escalating the situation. We will do everything humanly possible to avoid a single life being lost or blood being shed on account of our campaign.

And yet this truth remains: the regime’s days are numbered.

ChangeYouCanTrust

CountryBeforeSelf

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Is Johnson Byabashaija courting Enid Kukunda for protection?

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The very amiable Commissioner General of Prisons Canon Johnson Byabashaija was recently sighted with President Y K Tibuhaburwa Museveni’s second wife Enid Kukunda as the two had a very secretive meeting in one of the city hangouts.

According to our informers, the two seem to be in a deep conversation that they wouldn’t allow a housefly pass around. However, sources further reveal that Byabashaija could have courted the second lady for protection given that he has amassed a lot of wealth and could be a subject of investigations.

Our sources reveal that Byabashaija who carries himself as Mr.I know it all hasn’t met Madam Enid alone but a host of others with connections to the centre of power in the country.

We will bring you more detail

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Bobi Wine released on Bail

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Presidential candidate and kyadondo East legislator Hon. Robert Kyagulanyi Sentamu has been realeased on bail by the Iganga magistrates court where he appeared to defend himself against accusations of flouting COVID-19 campaign SOPs. A defiant Kyagulanyi took the opportunity to blast the incumbent Yoweri Museveni, whom he accuses of using state power to quell dissident.

This follows a tense week that has seen thousands injured and several dead following Hon. Kyagulanyi’s arrest earlier this week. Demonstrations and riots erupted in many parts of the country and heavy police and army deployment was seen all over the country.

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