It is a moment of tension for the only female presidential contender in the concluded January polls Nancy Lindah Kalembe after a top notch financial institution has notified her that it will seize some of her property and put it to public auction over piling debts.
The heavily indebted former presidential contender has been granted a 30 day grace period to clear off the debts or her property is auctioned off to clear the piling debts. The notice has been served to her by Ortus Advocates, a city law firm that handles civil cases.
“Upon instructions from our client, a financial institution, we shall proceed to sell by public auction/private treaty the property (land and its developments) under the mortgage Act 2009 and Deed unless the debtor pays all monies owning principal and interest plus our fees, costs and disbursement before the date of sale,” part of the notice reads.
Efforts to retrieve a comment from the embattled presidential candidate turned futile after our reporter’s phonecalls went unanswered.
It should be recalled that Nancy has been experiencing financal constraints even during the campaign trail. At some point, she was forced to call off her campaigns after failing to secure UGX 150m to enable her traverse the country, purchase public address systems and print posters and banners.