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Pastor Senyonga to testify in sh5b debt case

by Editorial Team
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By Michael Odeng

Pastor Jackson Senyonga of Christian Life Church, Bwaise, Kampala is on Wednesday, May 11, expected to testify in a case in which a businessman sued him and his wife over a sh5b debt arising out of breach of a contract.

Court documents indicate that in 2013, Nathan Bisaso entered into a contract with Senyonga and his wife, Eva, to supply goods.

Bisaso contends that he supplied goods and by 2014, he was demanding sh5.27b from the couple.

“Since 2013, the couple adamantly ignored to do their contractual obligation of paying for the goods supplied,” says the businessman.

According to court documents, the couple, in September 2016, drafted an agreement to pay the outstanding debt, but only paid sh270m, leaving a balance of sh5b.

“The defendants still continue to ignore the agreement to pay me the money despite numerous reminders,” Bisaso purports.

The agreement indicates that the couple transferred Kyaggwe block 100, plots numbers 29, 46, 152, 156, 157 and 158 into the names of Pathways Investment Limited in order to secure funds or payment of the debt, except for plot 152, which is in the names of Top Radio Limited.

In their statement, the couple claims Bisaso advanced to them a loan of sh800m, which was disguised as a sale of goods.

They purport that Bisaso did not have a money lending licence at the time.

“In 2013, the defendants borrowed sh800m from the plaintiff at an interest of sh20% per month,” court documents read.

However, the couple says they failed to repay the money in a timely manner due to exorbitant interest rate, yet Bisaso kept demanding further interest on the outstanding sum.

Court documents indicate that in 2014, the parties executed a loan agreement which consolidated the outstanding sum and interest, which is aggregate amounted to sh1.4b.

The defendants say in September 2016, the interest had accumulated to sh5.27b.

The defendants claim that they have since paid the businessman sh3b.

In their counterclaim, the defendants said they issued various cheques as security for payment of the said sum.

They contend that Bisaso appended his signature on photocopies of the cheques.

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