City tycoon and proprietor of Ham properties, Hammis Kiggundu is at logger heads with Diamond Trust Bank for not repaying a loan.<\/p>\n\n\n\n
Ham apparently has a debt amounting to Ugx 39.7 Billion from DTB.
<\/p>\n\n\n\n
He borrowed the money in four turns, $6.2m, $3.2m, $458,604 and sh2.8b from both DTB Uganda and DTB Kenya between February 2011 and September 2016.
<\/p>\n\n\n\n
However, he claims that the money was deducted from his dollar account by the bank and therefore saw no need to repay the money.<\/p>\n\n\n\n
DTB however released a statement this week in which they stated that Ham Kiggundu a loan time client of the bank borrowed money and failed to repay.<\/p>\n\n\n\n
It is also continues to state that together with the bank, Ham agreed on how they could find ways in which the money would be repaid back to the bank.<\/p>\n\n\n\n
The bank also admits to giving timely reminders to Ham Kiggundu about the pending loans to which he continued to ignore.<\/p>\n\n\n\n
When the bank continued to deduct money from his dollar account as agreed between both parties, Kiggundu filled a temporary injunction to stop the bank from deducting his money.
<\/p>\n\n\n\n
The injunction also stops DTB from asking for 30% of his loan to be paid now.
<\/p>\n\n\n\n
His loans were consolidated in 2018 and were to be paid back by 23rd August 2023.<\/p>\n\n\n\n
DTB has in turn filed a defence where they will present evidence showing the previously made agreements between the bank and Ham Kiggundu.
<\/p>\n\n\n\n
The case will be heard in commercial court on 27th of this month. <\/p>\n","protected":false},"excerpt":{"rendered":"
City tycoon and proprietor of Ham properties, Hammis Kiggundu is at logger heads with Diamond Trust Bank for not repaying a loan. Ham apparently has a debt amounting to Ugx 39.7 Billion from DTB. He borrowed the money in four turns, $6.2m, $3.2m, $458,604 and sh2.8b from both DTB Uganda and DTB Kenya between February […]<\/p>\n","protected":false},"author":25144,"featured_media":17303,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_paywall_metabox":[],"jnews_override_counter":[],"footnotes":""},"categories":[101],"tags":[1229,31,1228],"class_list":["post-17298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-diamond-trust-bank","tag-featured","tag-hammis-kiggundu"],"_links":{"self":[{"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/17298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/users\/25144"}],"replies":[{"embeddable":true,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=17298"}],"version-history":[{"count":1,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/17298\/revisions"}],"predecessor-version":[{"id":17304,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/17298\/revisions\/17304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/media\/17303"}],"wp:attachment":[{"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=17298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=17298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ugmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=17298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}