Kampala, Uganda | THE INDEPENDENT | Jomayi Property Consultants Ltd, once Uganda’s most prominent real estate company, has been sent into liquidation after being declared insolvent. The order to wind up comes after NC Bank failed to recover sh868,250,000 from Jomayi and petitioned the court to declare the company insolvent and unable to pay its debts.
In 2018, one Ssemwogerere John Baptist was the registered proprietor of land in Busiro Block 410 Plot 20 located at Ssisa, Wakiso District. The land was mortgaged to NC Bank Uganda Limited to secure loan facilities granted to Value Trading Stores Limited.
The borrower defaulted on payment of its obligations to NC Bank, and the Bank issued a notice of sale of the…
