Tycoon Mutaasa’s In-law Hajji Lugobe In Hiding Over Shs100m Debts, Issuing Bounced Cheques

Tycoon Mutaasa’s In-law Hajji Lugobe In Hiding Over Shs100m Debts, Issuing Bounced Cheques

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By Spy Uganda

Kampala: City tycoon Mutaasa Kafeero’s In-law Hajji Fahad Ibrahim Lugobe, married to Mastulah Mutaasa, is currently in hiding after reportedly failing to pay debts amounting to over Shs100m, and issuing bounced  cheques to city young businessman Stanley Mutyaba.

Stanley Mutyaba with IGP Martins Okoth Ochola a function recently

Spy Uganda has learnt that Hajji Lugobe was arrested in October this year and charged with issuing bounced cheques vide case file number SD Ref 27/26/09/19 of CPS Kampala, but he was given bond, which he has since jumped.

One of the bounced cheques

Trouble for Lugobe started when  he issued Cheques to Mutyaba to be drawn on his accounts at Standard Chartered Bank and Barclays bank ( now Absa) respectively.

However, when Mutyaba presented the cheques, he was  shocked  to be told that  they couldn’t be cashed, due to insufficient cash on Lugobe’s account.

Some of the bounced cheques he gave Mutyaba

The bounced cheques include;No.1115529100 of Shs34.2m on Standard Chartered bank A/c 0101115529100, dated 19/09/2019.

No.6005770511 of Shs19m on Barclay’s Bank A/c 00001104013747 dated 10/11/2019.

Agreement Lugobe wrote but never fulfilled

No. 1115529100 of Shs22.8m on Standard Chartered A/c 00000501080247 dated 19/06/2019.

No. 6005770511 of Shs26.6m on Barclay’s Bank A/c 00000804013747 dated 19/09/2019.

Meanwhile, Lugobe also wrote another agreement pledging to pay Mutyaba Shs15.2M on October 19, 2019 and another Shs19M on November 19, 2019, which he never did.

However, efforts to contact Lugobe for a comment about this matter were futile since he couldn’t be pick our phone calls.

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