He is still in debts and needs a lot of money to clear them.
Lwasa is one of the tycoons that used to spend his money in bars and women. Every time he got a lady, he gave her whatever she wanted like a car and some times plots of land.
However, his money kept on reducing and his businesses faded away. This is to the extent of failing to pay off his loans making bank put his properties on sale.
The former richman has been asking for financial help from well wishers saying he would be very grateful to revive his property. According to the businessman, people like the president of Uganda and other fellow tycoons should be able to help him.
People thought when he cried out, the man of God Pastor Bugingo helped him. However, he said he hasn’t received anything from Pastor Bugingo and once he does, he will update his people.
“I haven’t received any help from pastor Bugingo. I still need money to pay off my loans. People should stop confusing you,” he said.
It should be noted that Lwasa has dated some of the most beautiful women in the entertainment industry in Uganda.
He started off with the curvaceous Desire Luzinda and then went on to TV show host and actress Diana Nabatanzi etc. His financial downfall can perhaps be attributed to dating socialites.
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- Broke Former Tycoon Emmanuel Lwasa Pleads To President Museveni For Help
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