FRAUDLENT TYCOON Jack Pemba has lost on of his vehicles- a Hummer- to loan sharks after failing to clear a $10, 000 (approximately shs35m) loan.
Sources reveal that Pemba’s vehicle has been put on sale by a city moneylender only identified as Wilbur.Wilbur operates from Kampala Road.
According the source Wilbur is demanding Pemba $10, 000 and has since impounded and put on sale his (Pemba) blue Hummer registered in the UAY series.
We are further told that the Hummer has been put on sale for $25 000 by the moneylender.
Only one person, a Congolese, has shown interest in buying. However he is offering only $20, 000.
Negotiations are ongoing.