Madrat and Chiko Reportedly Dragged to Court for Failing to Repay a 50Million Cash Loan

Posted on May 16, 2024
By Sean Musa Carter
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Entertainment

Comedians Madrat and Chiko were reportedly arraigned before the Mengo court magistrate to answer to the judge after failing to settle a loan amounting to Ugx 50Million.

This bitter news was soilled by former Dembe FM presenter, renown media personality Jenkins Mukasa while appearing on a Local YouTube channel.

According to Jenkins Mukasa, Madrat and Chiko reportedly borrowed money worth Ugx 50M to invest in one of their shows recently but they failed to get back all the money to repay their loan.

After failing to honor the payment agreement, which compelled the lender to seek legal action, Madrat and Chiko were taken to court.

This way, they are said to have pleaded for a revised agreement and asked for an extended period of time to get the remaining balance to settle the debt.

Watch the interview below:

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