Ugandan millionaire, Geoffrey Lutaaya, is set to lose all his cars after failing to settle the loan he took from Stanbic bank
Lutaaya, Da Nu Eagles boss, took a loan of Sh 36 million from Stanbic bank where he used his property as collateral. But his company made huge loses contrary to his expectations. He ended up losing his Durban hotel.
The millionaire is set to sell his Toyota Harrie and Lexus RX 2000 models to settle the balance before the bank comes for all his assets.
He is also reportedly so broke that he ordered his wife to sell her car in order to settle the loan balance.
