Masaka City businessman Emmanuel Lwasa Kaweesi has admitted that he is financially constrained after his building in Masaka, which houses Tavern Kick Club, was seized by Equity Bank due to his failure to repay his loan.
The bank has already displayed its contact information on the premises to facilitate the potential sale of the property.
Speaking in an interview, Lwasa claims that his building is valued at Shs4.5 billion, but he might lose it as he has failed to raise the remaining loan balance of over Shs600 million.
Lwasa cried out to President Museveni to help bail him out, stating that he’s a former ‘Kadogo’ who actively participated in the bush war which brought NRA/NRM to power in 1986.
Meanwhile, Lwasa blames his financial woes on the people of Masaka, whom he claims have been frequenting his hangout and getting drinks on credit. Tavern Kick Club, which opened in 2015, is one of the most popular nightspots in Masaka.
He also stressed that the 2021 election defeat of National Unity Platform’s (NUP) Joan Mutaawe was a huge setback for him, as he invested a lot of money in her campaign.
