Kampala businesswoman Teopista Nabaale has reportedly regained control of her property in Kabalagala following an intervention by President Yoweri Museveni over a financial dispute involving Exim Bank. The development comes after the businesswoman spent days raising concerns on social media, claiming that she had lost control of her building despite having made payments towards a loan.
According to information shared by Ritah Kaggwa Blog, State House officials briefed President Museveni about Nabaale’s situation, prompting him to intervene. The report claims that the President was surprised to learn that a businesswoman he knew as hardworking had allegedly lost her property under circumstances that required his attention.
Following the briefing, Museveni reportedly directed the deployment of UPDF soldiers to the property. The soldiers allegedly moved in and chased away individuals who had taken control of the building, allowing Nabaale to regain access to her investment.
The Kabalagala property is estimated to be worth approximately Shs14 billion, making the dispute a significant financial matter for the businesswoman. Its reported recovery marks an important development in a case that had attracted attention on social media.
Nabaale had earlier posted emotional messages in which she accused individuals she described as mafias, Kabalagala police officers and Exim Bank of being involved in the takeover of her property. She maintained that she had already paid part of the loan and questioned why she had lost control of the building.
The latest report indicates that Nabaale has now repossessed the property, while discussions with Exim Bank loan officers are expected to begin next week. The negotiations are reportedly intended to address the outstanding loan and establish how repayment will proceed.
The dispute has drawn attention to the challenges borrowers can face when disagreements arise over loan repayments and property security. However, the specific circumstances surrounding the takeover, the outstanding loan balance and the bank’s position have not been independently established in the information available.
For now, Nabaale is reportedly back in control of her Kabalagala building as she prepares to engage the bank over the loan. The upcoming negotiations are expected to clarify the way forward and determine how the financial disagreement will finally be resolved.
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