UPE school on sale over Shs65m debt.
There is panic among parents and leaders after Wobulenzi Public Primary School in Luwero district was put on sale over failure to repay a loan.
In 2019, Richard Mukasa former headteacher with the approval of the office of Luwero Chief Administrative Officer acquired a loan of 100 million Shillings from Equity Bank, Luwero branch.
Mukasa mortgaged the land title of the government school to acquire the loan to buy a plot and construct staff houses. The school has 2, 300 pupils under Universal Primary Education and it has the biggest population of learners in the district.
Since then the loan repayment period has elapsed and the school administration failed to clear 65 million shillings of the debt.
As a result, Equity Bank this week put an announcement on the school gate that the school is n...
