{"id":69562,"date":"2024-03-24T16:49:04","date_gmt":"2024-03-24T16:49:04","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property"},"modified":"2024-03-24T17:11:12","modified_gmt":"2024-03-24T17:11:12","slug":"businessman-lwasa-cries-out-to-museveni-as-bank-takes-property","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property","title":{"rendered":"Businessman Lwasa cries out to Museveni as bank takes property"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Flamboyant city businessman and socialite, Mr Emmanuel Lwasa has said he is financially constrained and now asks President Museveni to come to his rescue.<\/b><\/p>\n

On March 20, agents of Equity Bank went to Masaka City and put inscriptions \u201cBank property for sale\u201d on Lwasa\u2019s Club Tarven Kick at Kyabakuza Township along the Masaka \u2013Mbarara 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.<\/p>\n

According to Mr Lwasa , although the property is valued at Shs4.5billion, he has failed to raise close to Shs600m he owes the bank.<\/p>\n

\u201cYour Excellency, my property is on the verge of being taken over by the bank and as an ardent supporter of NRM and a former Kadogo (child soldier in the 1981-86 Luweero Bush war) ,I am requesting for your quick intervention to save this property,\u201d Mr Lwasa told President Museveni on March 21 as the latter presided over the fundraising drive for the construction of Lwengo Muslim District Headquarters and Health Centre IV at Mbirizi, Lwengo Town Council.<\/p>\n

Mr Museveni ,who contributed Shs 200 million towards the construction of Lwengo Muslim District Headquarters and Health Center IV did not respond to Lwasa\u2019s financial woes on the microphone, but asked his protocol team to look into the matter.<\/p>\n

\u201cSince I’m one of the people who are in government and have got some capacity, I will now start with contributing Shs200 million. If that money is not enough after all of us have collected, you will let me know I will add on,\u201d President Museveni said.<\/p>\n

President Museveni however explained that the fundraising would have made more sense if all the homesteads in Lwengo had stable incomes and were able to contribute relatively large sums of money that would enable the project to be constructed easily and quickly.<\/p>\n

\u201cI’m happy that the Muslim community is trying to build a health centre and headquarters for their own administrative centre and that is why we are here to support them,\u201d he said.<\/p>\n

On the other hand, President Museveni was also happy to note that a good number of the people of Lwengo had listened to the National Resistance Movement (NRM) wealth creation message.<\/p>\n

\u201cAs many people were saying, the NRM has a clear treatment for the problems of the people of Uganda right from the beginning. However, for some reason, people were not listening to our message for a long time, but when you listen, definitely you will gain,\u201d he stressed.<\/p>\n

Lwasa , who is known to live a lavish lifestyle, is a member of the ruling National Resistance Movement ( NRM).<\/p>\n

In the 2021 general elections, Lwasa stood for Masaka mayoral seat and lost to National Unity Platform (NUP)\u2019s Florence Namayanja.<\/p>\n

In the run up to the same elections, Mr Lwasa sold off part of his assets including Lwasa Gardens in Masaka City and used the money to bankroll campaigns of NRM candidates in the area.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. 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 \u201cBank property for sale\u201d on Lwasa\u2019s Club Tarven Kick at Kyabakuza Township along the […]<\/p>\n","protected":false},"author":84,"featured_media":69561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,240,234],"class_list":["post-69562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nBusinessman Lwasa cries out to Museveni as bank takes property - Uganda<\/title>\n<meta name=\"description\" content=\"Flamboyant city businessman and socialite, Mr Emmanuel Lwasa has said he is financially constrained and now asks Pres ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Businessman Lwasa cries out to Museveni as bank takes property\" \/>\n<meta property=\"og:description\" content=\"Flamboyant city businessman and socialite, Mr Emmanuel Lwasa has said he is financially constrained and now asks Pres ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-24T16:49:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-24T17:11:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/03\/sm_1711287464.094069.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Businessman Lwasa cries out to Museveni as bank takes property\",\"datePublished\":\"2024-03-24T16:49:04+00:00\",\"dateModified\":\"2024-03-24T17:11:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property\"},\"wordCount\":517,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/03\/sm_1711287464.094069.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/businessman-lwasa-cries-out-to-museveni-as-bank-takes-property\",\"name\":\"Businessman Lwasa cries out to Museveni as bank takes property - 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