Nu Eagles boss come singer Geoffrey Lutaaya could end up losing his property over chocking debts, our desk has learnt.
Snoops have established that singer is on tension devising ways to make money very fast to settle a bank loan he acquired last year from Stanbic bank.
According to sources, Lutaaya received Ugx. 38million, unfortunately, he has failed to clear on agreed stated time thus accumulating to about 80 million shillings.
Meanwhile, the source further states that singer’s Durban Hotel was used as collateral which is likely to be taken by the bank. The bank has filed a case at Nakawa Court asking the court to allow them sell off the Hotel to settle the loan.
Our efforts to reach Geoffrey Lutaaya for a comment have failed. We will keep you update in case any information raises.
Watch this space
