Financial Woes for Businessman Lwasa as Bank Seizes Property

Marked by distress and frustration, businessman Lwasa finds himself in a dire financial predicament.

The bank is set to take possession of his property, a consequence of his inability to settle an outstanding debt.

Despite borrowing 1 billion Ugandan shillings (UGX), the bank is moving forward with the seizure of his assets for a sum of 600 million UGX.

Lwasa’s financial challenges are compounded by his political ambitions, which have seen substantial amounts of his wealth consumed by the community in Masaka as he sought the mayoral seat.

His investments in various businesses within Masaka, once a source of prosperity, are now overshadowed by the looming loss of his property.

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