Liquid Silk Boss Sekyanzi Chokes On Debts, Banks Threaten To Auction His Mansion

Liquid Silk Boss Sekyanzi Chokes On Debts, Banks Threaten To Auction His Mansion

 

By Mable Nakibuuka

All is not well with tycoon Gordon Wavamuno’s son Elvis Sekyanzi Wavamunno, who was some time back one of Kampala’s thriving businessmen.

Sekyanzi, who formerly owned the defunct legendary Club Silk, which he sold and later started up Liquid Silk, is wallowing in debts and could find himself  homeless soon, because his lenders are threatening to attach and auction his palatial mansion in Bukasa, a  Kampala suburb.

Elvis Sekyanzi with a slay queen

Word coming in from our Moles indicates that Sekyanzi’s crib located in Bukasa, Kyadondo, on Block, 246, Plot 2183 was recently advertised by bailiffs working under K&K Advocates, because he staked the same as collateral security to acquire a loan such that he could invest in his business empire, which however seems to be crumbling.

Sekyanzi was a household name a few years back because of his once booming Club Silk, which was located in Industrial Area.

Elvis Sekyanzi’s mansion that will be auctioned unless he clears his debts

However, because of mixing business with pleasure, Sekyanzi, who was running the night club with his darlings and Side-dishes ended up crashing the business, amidst a spate of love scandals.

After the collapse of Club Silk, he opened up another hangout called Liquid Silk, with a branch in Bugolobi and another one in Naalya, although these ones too have suffered business constraints that made it very difficult for them to break even.

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