Skip to main content
#
www.ugandaonline.net
Sponsored Link

Advertisement

Thursday, October 25 2012

Tycoon Nalima with Angela Kalule
The credit crunch is still biting to the extent that even tycoons are chocking. The latest information we are getting indicates that another tycoon could join the long list of fake tycoons that include Mike Ezra, Meddie Ssentongo, and Bad Black among others.

Richard Nalima borrowed Shs30m in October 2011 from a lady only identified as Juliet and promised to pay back with interest of Shs5m by December 2011 after leaving her with a Gayaza land title as collateral security.

The last day for the loan period passed and Nalima had not made good his promise. This prompted Juliet to check with the land title offices but on checking, it turned out that the title was in different names.

The Police spokesperson Idd Senkumbi confirmed that Nalima had been arrested. The tycoon made a statement after Juliet reported the matter to police vide case number CR/E/05/2012.

The tycoon had actually stopped driving his posh car from the moment he learnt that he was a wanted man. On Tuesday, the Tycoon was being driven around Kampala Road in a tinted BMW, police swung into action after a tip off and arrested him.

Nalima managed to raise 5million from fellow tycoon Bosco Ntaganda who also spoke to the Kampala Metropolitan Police Commander Andrew Felix Kaweesi to secure his release. Bosco and Juliet were yesterday evening working out ways of solving the balance in two installments.

NALIMA which is also the number plate to his Chrysler is the Chairman of young tycoons under their umbrella organisation ''Twagalane'' that is affiliated to ''Kwagalana''

Posted by: uowd AT 02:06 am   |  Permalink   |  Email

Chameleone shares pics of Davido and Wizkid kneeling, blasted the more

Chameleone and his rides

Bebe Cool's 44th birthday celebrations at Murchison Falls

Bebe Cool and Zuena

I have been with my Baby Daddy for 7 years-Juliana Kanyomozi

Juliana Kanyomozi

Sheilah Gashumba's experience with a romance scammer

Sheilah Gashumba dating drama

Revealed - Pere and Maria are the fake housemates in BBNaija 6

Two fake housemates revealed

Leila Kayondo returns with a bang from her US holiday

Leila Kayondo back from her US holiday

UG Connect Concert featuring 20 artists for 52 weeks

UG connect online concert kicks off

Juliana Kanyomozi talks about her life as a new mom

Juliana and baby Taj

Finally Diamond Platnumz is a proud owner of a Rolls Royce

Diamond Platnumz adds a Rolls Royce to his fleet

Tiffah reveals her parents Zari and Diamond have fallen back in love

Zari and Diamond Platnumz back in love

Sponsored

 Entertainment Photos

Sponsored

Advertisement

Advertisement

Advertisement

Uganda Online Entertainment News

Uganda Online Email    Copyright © 2021 UgandaOnline.Net- All rights reserved.

Privacy PolicyDisclaimer