Deputy Speaker of Parliament Thomas Tayebwa has raised alarm over harassment by certain online lending companies, calling on authorities to investigate the sector’s questionable practices.
Tayebwa’s concerns come after a personal encounter with Mangu Cash, an online lender. In a post on X (formerly Twitter), he shared that he had received an aggressive call from a representative of the company, who allegedly threatened financial consequences if he didn’t locate an unknown borrower who had listed him as a next of kin.
“I just received a call from a tough-talking lady claiming to be from Mangu Cash, threatening to deduct their loan money if I don’t produce some random person who put my name as their next of kin when borrowing. I think a lot of criminality is going on,” Tayebwa wrote, tagging Police CIID Director Tom Magambo.
“Police Director CIID Tom Magambo, you need to take interest in this sector; many Ugandans might be suffering silently,” Tayebwa added, pointing to the potential toll on financially vulnerable citizens.