JPM Sets Deadline for Suma JKT Loan Defaulters
Dar es Salaam —
President John Magufuli has given public and private institutions 30
days to settle their debts, which stands at Sh38.3 billion, with Suma
JKT.
The President
issued the directive during a ceremony to launch Suma JKT investment
centre at JKT Mgulani on Thursday, May 17, 2018.
According to Dr
Magufuli, some public and private institutions, which borrowed tractors,
have yet to pay Suma JKT some Sh38 billion.
He added that there
are some other public and private institution, which owe Suma JKT Sh3
million over unpaid security services bills, through its Suma JKT guard.
"Public and private
institutions borrowed tractors from Suma JKT amounting to Sh40 billion,
but only Sh2 billion has so far been repaid," said the President.
Upon the expiry of
the 30-day ultimatum, the Dr Magufuli directed security and defence
organs through the TPDF military police to take action against the
defaulters.
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