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Businessman Lwasa cries out to Museveni as bank takes property

Mr Emmanuel Lwasa stands infront of Club Tarven Kick on March 22 ,2024. Equity Bank wants to takeover the property to recover its money. PHOTO/ISSA ALIGA

Flamboyant city businessman and socialite, Mr Emmanuel Lwasa has said he is financially constrained and now asks President Museveni to come to his rescue.

On March 20, agents of Equity Bank went  to Masaka City and put inscriptions “Bank property for sale” on Lwasa’s Club Tarven Kick at Kyabakuza Township along the Masaka –Mbarara highway. The three-storeyed glass building, constructed in 2015, sits on a 200 by 70 feet space. It has 21 self-contained rooms with modern artwork and ample parking space.

According to Mr Lwasa , although the property is valued at Shs4.5billion, he has failed to raise close to Shs600m he owes the bank.

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