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Mortgage Act: Letshego Uganda explains Kisasi property sale

By Francis Otucu

Letshego Uganda has said that the “the impugned property, Block 214, Plot 4773 in Kisasi was properly sold under the Mortgage Act, and regulations there under, where Letshego Uganda exercised its rights as a mortgagee.”

The company’s side of the story comes amidst social media reports that Mr. Aijukwe Giles, CEO Letshego Uganda fled the country following a sale of a borrower’s property.     

“It is not true that our CEO Mr. Aijukwe Giles fled the country following the sale. He took official leave and will return to run the company at its completion,” the statement issued Saturday reads in part.

According to Letshego Uganda, the said property was sold off legally, and to the highest bidder per the auction.

“It is therefore not true that our CEO bought the said property through a third party/proxy. We request the general public to treat this story with the contempt it deserves.  Letshego remains committed to professionalism and excellent customer experience.”

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