By KGR Reporter,
Wobulenzi Public Primary School in Luweero district is at risk of sale because of failure to service a loan that was marred by irregularities, the area local council five chairperson, Erastus Kibirango has revealed.
Two weeks ago, Equity Bank announced the takeover of the Public Primary school over the 100 million shillings debt acquired in 2019 by Mr. Richard Mukasa, the former school head teacher to allegedly build staff quarters.
According to Kibirango, he has summoned the technical team for a meeting today to find ways to service the loan and prevent the school from being sold off by the bank. Mr. Kibirango speaking……
Mr. Richard Bwabye, the Luwero District Resident District Commissioner also wondered how the district allowed the school to keep the land titles and mortgage them twice without following the procedures.
He wants the district to take Equity Bank to court for illegally retaining the titles for a government school after fraudulently extending a loan facility without following the right procedures. Mr. Bwabye speaking…
The district officials and the new school headteacher have since piled pressure on the former head teacher, Mr. Richard Mukasa to service the loan as an individual after accusing him of obtaining it without following the procedures as well as mismanaging it. END