City tycoon Suleiman Kabangali Mbuga is currently on the tail of South Africa based Ugandan businessman, Cameroon Gitawo aka Chris Mbibo’s for conning him of Shs77m.
Our gossip team learnt that Mbibo borrowed Shs37m from Mbuga to facilitate his The Money Team (TMT) party at the end of December 2015.
Mbibo apparently used his white 640D MBIBO GP 3 customized BMW ride as security for the loan.
Mbuga then gave him an extra Shs40m [bringing the total to Shs77m] to cover all expenses at the event.
Opportunity struck towards the end of last week, when Mbuga assaulted his girlfriend and singer, Leila Kayondo.
He was subsequently arrested and locked away.
Mbibo sought to use this chance to the maximum; on Tuesday evening, he fled to South Africa to avoid paying back the debt.
As if that was not bad enough, he solved the vehicle which is legally now Mbuga’s to city businessman, Desh Kananura.
He went ahead and lied about his wife getting an accident which made Mbuga even more furious.
The tycoon has since sworn to deal with Mbibo as justice requires.