Posted inBanking

Museveni asks BoU to probe ‘dubious’ auction of Simbamanyo Estates by Equity Bank

President Yoweri Museveni has directed the Governor Bank of Uganda, Prof. Emmanuel Tumusiime Mutebile, to investigate how Simbamanyo House and Afrique Suites hotel were auctioned by Equity Bank. Equity Bank early this year auctioned Simbamanyo House and Afrique Suites hotel after the owner, Mr Peter Kamya, failed to pay a loan of Shs40b. Businessman Sudhir […]