Tycoon Wavamuno’s Son Sekyanzi Faces Arrest Over Failure To Clear Debts Worth Billions

Tycoon Wavamuno’s Son Sekyanzi Faces Arrest Over Failure To Clear Debts Worth Billions

By Ivan Mwine
It does not rain but pours for city businessman Elvis Sekyanzi Wavamunno, who formerly owned Liquid Silk night club and a a string of other business ventures around town.

We have established that the businessman, who is son of Spear Motors tycoon Gordon Wavamuno, is in deep trouble after the Commercial Court issued an arrest warrant against him.

According to documents seen by this website, a judgement was issued by Justice David Wangutusi against Sekyanzi and Silk Liquid as defendants in case  HCCS No. 225 of 2016 that had been filed by Mash Investments Limited, accusing them of failing to refund USD230,661 and Shs31,800,000.

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Following the case that had been filed by Mash Investment, Court ha since issued an arrest warrant against Sekyanzi  dated November  24th, which indicates that he is supposed to be arrested before December 24th, 2021.

The arrest warrant is to be executed by Joseph Yamurebire of Swift Auctioneers and Court Bailiffs, who is mandated work with any police officer anywhere in the country to ensure that Sekyanzi gets arrested.

Sekyanzi’s partner Isaac Mulindwa is equally in trouble

We have however learnt that Sekyanzi’s close pal Isaac Mulindwa, who was his business partner during the time they were both running the defunct Club Silk night club is equally in trouble because they blew the dime together, although he has since distanced himself from the saga.

Efforts to reach Sekyanzi for a comment about this matter were futile however since he couldn’t be reached through his known numbers by press time.
Watch the space for updates.

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