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President Dipu Ruparelia clears Motor sports old debts

watchdog by watchdog
4 years ago
in Motorsport, News, Sports
13 0
Dipu Ruparelia

Dipu Ruparelia

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Federation of Motosports Clubs of Uganda (FMU) has cleared one of their oldest debts against the association.

The debt amounting to sh55m was left behind by the old management.

Speaking at the Annual General meeting on Saturday at Lugogo, Kampala, the FMU Presdient Dipu Devesh said the debt was a loan taken from Prime Finance Ltd.

Devesh also revealed that the federation had signed a Memorandum of Understanding with Development Infrastructure Limited (DI), an Arua based firm to take motorsport to West Nile.

“DI is providing 100% of the financial muscle to develop 30 acres of land to build a motorsport arena to cater for rallying, motocross, karting and drifting event, while FMU is providing strictly technical support at this initial stage and upon completion, FMU shall own 10% shares from the project,” Devesh said.

He also said that the Federation intends to start a constitutional review process with the next 4 months to ensure that governance challenges are streamlined.

“A committee led by our Electoral Commission chairman shall guide this process to its logical conclusion as soon as possible,” Devesh said.

Despite a lack of resources, Devesh said the federation was able to organise round one of motocross, National Rally Championn (NRC) as well as MX round one.


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Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

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