Just days after Jack Pemba announced that fellow tycoon SK Mbuga will be released from jail on bail in less than 10 days now, the tables have turned. Court bailiffs are in search for Jack Pemba over unsettled agreements.
Having been seen throw money around, It was inevitable for tycoon Godfrey Kirumira not to look for Jack. Just 2weeks ago he bought a Lexus LX520 worth 620 million, on top of that he revealed his extremely plush house which he calls the “Pemba Buckingham palace”. Not so many days after that, he threw his wife Sheba KAssami Pemba a very extravagant and luxurious 40th birthday. Mr. Godfrey in his statement shows that Pemba borrowed USD 300,000 which equates to 1 billion. He was to start paying this debt in instalments of USD 100,000 starting November last year by the has since defaiulted. It has been reported that Pemba is currently out of sight. No one knows where he is. Is he dodging the court bailiffs?