The Speaker of Parliament, Rt. Hon. Rebecca Alitwala Kadaga has appealed to the newly elected Members of Parliament not to fall prey to commercial bank and money lenders before being sworn in.
In a message shared through her social media pages, Kadaga noted that she was already aware that money lenders and banks were tabling offers to the legislators even before they officially join the 11th parliament.
“I appeal to newly elected MPs not to fall prey to commercial banks and money lenders, especially before being sworn into office in June and reflecting deeply on their expected income; and any need to borrow. Loans, which range from sh500m-sh1billion plus shillings, are usually dangled before new MPs after every election cycle.
Unfortunately, these extremely attractive loans eventually become a source of misery for several MPs,” Kadaga said.
The Daily Express has learnt that several banks and money lenders had already started approaching the newly elected MPs.
Besides, the MP’s several car bonds had also started granting the MP’s state of art cars on loans with the hope that they will pay once they are advanced their sh300m car grant.