Written by Patience Nyangove
Thursday, 05 November 2009
EMBATTLED former deputy director in the Ministry of Environment and Tourism, Sackey Namugongo, could lose his Rocky Crest house after failing to repay a 13-year loan of about N$600,000 he got from SWABOU Investments.
In a default judgment, the High Court granted SWABOU Investments formally SWABOU Bank Limited the right to attach and sell Namugongo’s house Erf 170, Rocky Crest, Windhoek to recover its money.
In its particulars of claim, SWABOU Investments, says Namugongo together with his wife Nghiimbwasha Fousy Namugongo concluded home loan agreements with the company and the plaintiff made payment of the loan under home loan account numbers 3000003052828 and 3000001910021.
SWABOU also says that Namugongo and his wife were given four mortgage bonds from 6 April 1995 to 24 August 2007 with them granting security of their house.
In the first mortgage bond number 1579/1995 Namugongo and his wife, the court papers say, owe SWABOU N$154,777 together with an additional amount of N$31,000.
In the second mortgage bond number B2861/2000 dated 7 June 2000, the defendants owe SWABOU N$42,290 and had to pay an additional N$9,000.
The third mortgage bond is N$221,000 with an additional N$44,200 under mortgage bond number B7298/2005 while they owe N$64,000 with an additional N$13,000 in the fourth mortgage bond number B5549/2007.
“In terms of the agreement between the parties the full amount outstanding is now due and payable as a result of the Defendants’ breach by failing to repay the monthly instalments as they became due and payable,” SWABOU Investments says.
Namugongo is currently facing 20 corruption charges for allegedly receiving more than N$330,000 from people who wanted to apply for gambling house licences that would allow them to operate gambling machines in the country.
Namugongo is also alleged to have received the money from gambling house licence applicants from March to September 2006 when there was a freeze on the issuing of gambling house licences.
It’s also alleged that after receiving the money from the applicants, Namugongo issued them letters signed by himself and told them they could use them (letters) to start operating their gambling houses.
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