Letshego Uganda speaks out on reports about its CEO, Giles Aijukwe fleeing the country

Giles Aijukwe, the Chief Executive Officer Letshego Uganda .

By Our Reporter

Letshego Uganda has dismissed media reports that its Chief Executive Officer Mr. Giles Aijukwe has fled the country. The reports allege that Aijukwe fled the country following sale of a contested property belonging to one of their borrowers.

In a statement released on Saturday, the financial institution explained that Mr. Aijukwe is on an official leave and will return to continue with his duties when it ends.

“We have taken note of circulating reports on social media about Mr. Aijukwe Giles, CEO Letshego Uganda ‘fleeing the country’ following a sale of a borrower’s property,” the company said in the statement. “We wish to clarify to all our stakeholders that it is not true that our CEO Mr. Aijukwe Giles fled the country following the sale. He took official leave and will return to run the company at its completion.”

The company further noted that the impugned property, Block 214, Plot 4773 in Kisaasi was properly sold under the Mortgage Act, and regulations there under, where Letshego Uganda exercised its rights as a mortgagee.

“The property was sold to the highest bidder per the auction. It is therefore not true that our CEO bought the said property through a third party/proxy. Letshego remains committed to professionalism and excellent customer experience,” the statement concluded.