In Kampala, Uganda, Armstrong Auctioneers, a debt collection company, is selling two luxury cars worth Shs310 million over non-payment of a Stanbic Bank loan by the Libyan Embassy in Uganda. The bailiffs are auctioning a Range Rover and a Toyota Land Cruiser estimated at Shs170 million and Shs140 million, respectively, according to a public notice issued by the company. The vehicles are to be sold at 10am on May 10, by the auctioneers if the Libyan embassy in Kampala does not clear the loan and related costs. 'Upon instruction from our client, we shall proceed to sell the under mentioned vehicles unless the debtor clears us before the sale date,' reads a notice.
The Libyan Arab People's Bureau is identified in the notice as the debtor. The attached cars were used by Mr Abdallah Bujeldain, the former Libyan ambassador to Uganda, while on duty. It has been suggested that the ambassador fled Uganda to join the rebels fighting against Colonel Gaddafi. The embassy bought the luxury cars for its boss using a loan that was acquired from Stanbic Bank Uganda. A source said the loan was secured last year but the embassy is failing to meet its obligations due to the financial crisis that has hit the Libyan government. 'The whole embassy is paralysed because they are not getting funds from Libya,' he said. Mr Yoosefi Murghan, the acting Libyan ambassador to Uganda, declined to comment.