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Tag: Ida May Kwesiga

Museveni Orders Housing Finance Bank Off  NRA Hero Widow’s Property

Museveni Orders Housing Finance Bank Off NRA Hero Widow’s Property

FEATURED, NEWS
By Keefa Nuwahereza President Yoweri Museveni has directed the Managing Director of Housing Finance  Bank (HFB) to desist from attaching and auctioning a house belonging to Ida May Kwesiga, the widow of Samwiri Mishambi Kwesiga,  National Resistance Army (NRA) Bush war hero. Mrs. Kwesiga appealed to President Museveni to intervene in the matter a few months ago after the Bank deployed bailiffs to distress her property which she had staked as collateral security for a long she acquired some time back. So in a letter dated September 9th, 2020,  copied to the Manager Housing Finance Bank and the Bank of Uganda Governor Tumusiime Mutebile, Museveni directed the Bank to allow Mrs. Kwesiga to sell the property herself, such that  she can offset the loan remain with ...
Housing Finance Bank Dragged to Court.

Housing Finance Bank Dragged to Court.

Business, FEATURED, NEWS
By Keefa Nuwahereza Housing Finance Bank was dragged to court over fraudulent sale of city property at 8billion rather than 30billion at the current market value. A city businesswoman and widow has dragged Housing Finance Bank to court over fraudulent sale of her property at Kyadondo Road Nakasero in Kamapala. Ida May Kwesiga who owns Mayflower Apartments sitting on an acre of land at Nakasero has ran to land division of the high court in Kampala to sue Housing Finance Bank together with Balaji Group East Africa limited. The businesswoman says she entered into an agreement with bank in 2013 to develop her property by erecting the apartments and the bank approved a loan of $2.7m to her, which was to be paid back in 10 years. According to court documents, the loan fac...
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