Stanbic Bank debt collectors raid Red Pepper offices, directors flee while Finance boss resigns
By Guide Reporter
Red Pepper newspaper in Uganda has been doing a wonderful job reporting about the ailing economy, unfortunately there is a story they have not covered yet, although it is very near their noses.
On Monday morning, a group of debt collectors from Stanbic bank raided Red Pepper offices in Namanve, in an effort to get back their money the tabloid borrowed in to fund their expansion.
News reaching our desk indicates that the moment debt collectors reached Namanve and some directors and managers realized they were on site; bosses scampered to find holes to hide, in an effort to flee from the mean men.
“Those who were already in tried to flee while those who hadn’t come got phone calls from someone called George, the chief security guard and they decided not to come,” said a source at the newspaper.
Meanwhile, the long serving finance manager Bob Mahebewa threw in the towel on the very day, and he resigned in an effort to avoid future embarrassments. Muhebewa told his close friends that he was scared when he saw Stanbic debt collectors and he knows they must arrest the top five directors unless they pay all the money owed to the bank.