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Home»Celebrity Gossip»Geoffrey Lutaaya in hot soup over bank loan.
Celebrity Gossip

Geoffrey Lutaaya in hot soup over bank loan.

BigEyeUg3By BigEyeUg3March 4, 2016
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Geoffrey Lutaaya

By Stuart G-Khast

Da nu Eagles boss Geoffrey Lutaaya is a troubled man as we write this. The singer is on the verge of losing his hotel after he failed to clear a bank loan.

The singer is said to have got a loan of 36 million shillings that has now accumulated to around 80 million and has failed to clear it as the deadline comes close.

The situation has left the singer very frustrated as he is on the search for a buyer for his Makindye plot in vain. Apparently the singer is hiking the price of the plot to clear the loan and so he hasn’t received any potential buyers.

Meanwhile, the bank has continuously pressurized the singer to name date when he will be clearing the loan or risk losing his hotel which served as collateral.

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