Drug baron Stanley Ndawula of Investigator fails to debts as he goes down
City extortionist turned drug baron Stanley Ndawula of Investigator news website is almost running mad as money lenders have zeroed on auctioning his only property on the suburbs of Kampala.
The known extortionist’s Kulambiro based property were advertised in the Daily Monitor newspapers by Auctioneers from Muramuzi Enterprises. He is accused of failure to repay the loan he got to invest in his drug business that he ventured in during the #Covid-19 lockdown
The drug baron was further accused by a host of young girl he is reported to have lured into the business but later on turned around and started feasting on them. “Ndawula had several loans and among them were that those from Equity, Letshego and another bank which he lately is trying hard to discredit.
Ndawula Fails pay to wine and whisky supplier
According to sources at Kulambiro based Yaya Xtra Home, Rakai born extortionist isn’t crippling with only loans from the banks but also several suppliers have dragged him to police for failure to pay them and among them is the lady who has been supplying wines and spirits. However, instead of honoring his obligation to pay the debt, he has instead opted to use Police Spokesperson Fred Enanga’s name saying he is can’t be threatened as Enanga is best friend.
Sources further reveal that in the guise of looking for money, Ndawula has linked up with one of thugs that stole money from Stanbic from within with a view of helping the guy who sources say is wanted by police but currently fled the country. To demonstrate that Ndawula isn’t financially sound, he is extorting money from this bank robber in the pretext that he would sweet talk to investigators from police to have him off the hook.
Advert to auction Kulambiro home excites residents
When Daily Monitor published an ad detailing how the bank was to auction the drug baron’s home, there was a lot of excitement at Kulambiro by neighbours of the former Bukedde reporter. The ad was massively shared by the neighbours who accuse the drug baron of arrogance and intimidation in the area. The excitement is due to the fact that his business and more so the bar is going to auctioned giving a blow to prostitution and drug business in the area that had inflicted negatively on their children. He has also been accused by neighbours for forcefully taking over a garage adjacent to him as parking lot without pay.
Auctioneers from Muramuzi Enterprises have put up notice of sale by public auction/private treaty under the name of Yaya Xtra Residence as debtor situated at plot 2630 block 215 land with its development at Kulambiro Kampala whose proprietor is Stanley Ndawula.
“We have been duly instructed by our client a financial institution which is the registered mortgagor to advertise and sale by public auction/private treaty the property described below to recover the outstanding loan balance and all other costs. The owner/owners are hereby notified that unless full payment to our client is effected with 30 calendar days from the date of this advert, the property described here below shall be disposed of to recover our client’s money” Reads the advert.
Ndawula who is known for extorting money is said to have bought the said building using part of the Shs1 billion he had extorted from late Christopher Obey under the pretext that he would use his connection in police to get him off the investigations.