By our writer
All is not well for ‘Da Nu Eagles’ boss and singer Geoffrey Lutaaya could end up losing his property over chocking bank debts and other business losses.A close source has revealed that singer is on tension devising ways to make money very fast to settle a bank loan he acquired last year from Stanbic bank. Its is alleged that Lutaaya received Ugx. 38million, unfortunately, he has failed to clear on agreed stated time thus accumulating to about 80 million shillings as time runs out.
 Meanwhile, the source further clearly states that singer’s Durban Hotel was used as collateral which is likely to be taken by the bank in case the bank loan time expires before he completes full payment. The bank has already 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 shall keep you updated about any latest developments.
