Nzeyi before COSASE: "I followed proper procedure while buying Temangalo land"

Businessman Amos Nzeyi has accused the Temangalo Tea Estate director Moosa Nazim of tarnishing his name by spring lies that he forged documents in the process of acquiring the 116 acres of land at Temangalo. 

Nzeyi, who was appearing before the parliamentary Committee on Commissions, Statutory Authorities and State Enterprises  (COSASE), said he followed all proper channels before buying the said land at Temangalo.

Nzeyi is said to have taken possession of the land in 1993 after buying it from Abbas Mawanda, former Uganda Development Bank Managing Director and later sold it to the National Social Security Fund (NSSF) at UGX 11bn in 2008.

The businessman said that at the time of purchasing the land, his lawyers, Sebalu & Lule Advocates assured him how they had conducted a search and assured him that the land was free of encumbrances, a report he relied on to take the business decision.

Nzeyi said, “Mawanda sold to me after protracted negotiations on the price, size, survey and subdivision of the land. This process which took place about two years and the title was handed over to me in 1991. During that period, I paid Mawanda by cheques totaling to UGX7.4 million pending conclusion of a sale agreement.”

https://nilepost.co.ug/2019/08/15/businessman-amos-nzeyi-nssf-md-byarugaba-summoned-before-cosase-over-departed-asians-property/

Nzeyi further submitted that whereas he had initially agreed to buy 174 acres of the land at UGX43m, on October 2, 1991, Mawanda changed his mind through an addendum and reduced the acreage to 116 acres and retained the 60 acres.

The businessman said, “Departed Asians Property Custodian Board (DAPCB) correspondence and the title all indicate that re-entry was effected by Mawanda on 15th October 1988, long before I purchased this land. I therefore acquired the land free of lease encumbrances, as the same was terminated prior. I owned the mailo interest in perpetuity and transferred it to NSSF.”

The businessman went on to reveal that he decided to sell the Temangalo land because he wanted to recapitalise his bank the National Bank of Commerce (NBC) that he said was later illegally closed by the Bank of Uganda. 

The deputy director of the National Social Security Fund (NSSF) Patrick Ayota also gave in their submission confirming the true ownership of the land in question.

This compelled the committee that is chaired by MP Ibrahim Kasoozi to immediately summon the Acting Commissioner for Land Registration Robert Opiyo after his representative failed to answer questions raised to him.

With his appearance Opiyo asked the committee for more time to check the authenticity of how the ownership of the said land was transferred from custodian board to the current ownership National Social Security Fund.