Government Cautions Public on Fake Money Lenders

Kumi Municipality MP, Charlse Ilukor says his district has been invaded by conmen

The State Minister for Finance, tadalafil Planning and Economic Development, treatment David Bahati has cautioned Ugandans against borrowing money from unregistered money lenders.

The minister sounded the warning on the floor of Parliament while responding to an “issue of national importance” raised by Kumi Municipality Member of Parliament, Charles Ilukor who told the house that his area had been invaded by conmen in the money ending business.

The legislator noted that a group of unknown conmen is circulating in Kumi promising people quick loans from government.

“People are being assured of loans ranging from Sh200, 000 to Sh5m after paying Shs. 2000 for registration. They claim the loans are part of a government poverty eradication program. My worry is if they fail deliver the loans, government’s image will be tainted,” Ilukor noted.

Ilukor implored government to come out and clarify on the matter before many people in Kumi fall victims.

Minister David Bahati in response clarified that there is no such arrangements by government to offer loans to the people of Kumi or other parts of the country.

“We have suffered from a similar situation in many parts of the country; we caution Ugandans that Government isn’t involved in this business,” Bahati said.



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