Last week, we broke a story of how city businessman Elvis Sekyanzi was taken to Luzira over failure to pay an accumulated debt owed to Mash investment Limited!
After close to a week behind bars, Good news is that Sekyanzi finally gained freedom on Thursday. His release followed an intervention by his father and senior businessman Sir Gordon Wavamunno who paid part of the money agreed in a consent that was delivered before the Deputy Registar.
According to the consent, Mash Investment and Wavamunno agreed that the debt gets reduced to shs. 400m in final settlement of the debt, including costs. Following the agreement, Wavamunno paid shs. 250m and promised to pay the balance of shs. 150m in a space of three months.
