By Executive Editor

Letshego Uganda has explained circumstances under which a property on Block 214, Plot 4773 in Kisasi, a Kampala City Suburb was sold off.

There have been social media reports “about Mr. Aijukwe Giles, CEO Letshego Uganda “fleeing the country” following a sale of a borrower’s property.     

In a statement Saturday, Letshego Uganda explains that: “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 impugned property, the statement adds, …”was properly sold under the Mortgage Act, and regulations there under, where Letshego Uganda exercised its rights as a mortgagee. “

According to Letshego Uganda, the property was sold 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,” reads in part the statement.