Kampala - Rukiga County Member of Parliament Roland Ndyomugyenyi has called for parliamentary intervention regarding the unresolved compensation of funds belonging to the late businessman Apollo Nyegamehe, popularly known as Aponye, who tragically died in a landslide two years ago.
The legislator revealed that three banks continue to withhold over 15 billion shillings belonging to the deceased businessman's estate, despite a direct presidential directive to Finance Minister Matia Kasaija to expedite the matter. "To date, no action has been taken to release these funds to the family," Ndyomugyenyi stated.
The MP announced his intention to formally petition parliament, emphasising the negative implications this delay has on Uganda's business environment. "It sets a dangerous precedent when a prominent businessman's assets remain frozen after his demise, especially one who contributed significantly to the nation's economy," he added.
Nyegamehe gained national recognition during the COVID-19 pandemic for his philanthropic efforts, distributing food relief to vulnerable populations. His business empire spanned multiple sectors, making substantial contributions to Uganda's economic landscape.
The entrepreneur met his tragic end on July 6, 2023, when a landslide buried him in his home district of Ntungamo. Since then, his family has faced numerous challenges in accessing his estate funds held by financial institutions.
Ndyomugyenyi’s motion seeks to release frozen funds, investigate bank non-compliance, and establish protocols for handling business assets after an owner’s death.
The case has drawn attention to Uganda's probate processes and the need for reforms to protect business continuity after an entrepreneur's death. Banking sector analysts suggest the delay may stem from complex loan arrangements or incomplete succession documentation.
As parliament prepares to receive the formal petition, business leaders and legal experts are watching closely, as the outcome could set important precedents for estate management and banking practices in Uganda.
Family representatives expressed gratitude for the parliamentary intervention, hoping it will finally bring resolution to their two-year struggle to access their late benefactor's assets.
