National Unity Platform’s Lubaga Division Mayor Zacchy Mbereze commonly known as ‘taata Namuli’ has been placed on suicide watch as banks plan to auction his Mutundwe multibillion home plus other properties worth millions of shillings over debt.
TV10GanoMazima also get intel that City Court bailiffs of Fineline-Strict Auctioneers are the one contracted to take on the task and they have already served mayor Mberaze 14 days from 20th March 2024 to clear the debt he has which is in billions of shillings to avoid the consequences of auctioning his properties.
“Upon instructions from our client, a financial institution, we shall proceed to sell the under mentioned motor vehicle, unless the(defaulter/debtor) pays to us the entire outstanding loan balance) principal, interest before the expiry of fourteen days from the date this advert published,” the Court bailiffs advert in today’s daily reads.
The bailiffs are set to auction Mberaze’s motor vehicle registration number UBH 318Z, Mercedes Benz Ml350, 4MATIC black in colour. They are also set to auction another motor vehicle Registration number UBD 690A Mercedes Benz, ML 320 Wagon, blue in colour.
Highly placed sources close to Mberaze told TV10GanoMazima that Mberaze is fighting tooth and nail to make sure that he saves his Mutundwe home to avoid embarrassment especially from his political enemies who have already started celebrating his financial troubles.
TV10GanoMazima Sources claimed that Mberaze mortgaged his matrimonial home without the consent of his wife and she is currently pressurizing him to save the home insisting that they are not ready to vacate the house to be auctioned.
Mberaze’s financial troubles started in 2022 when he developed a misunderstanding with his deputy Rehame Fuge who was helping him to fetch money to service his financial loans.
Our Sources said that Mberaze was told that Fuge is cheating him on commission in one of the commercial deals they sealed.
Before publishing this story TV10GanoMazima tried to contacted Mayor Mberaze for a comment over the matter, he said that he was in the middle of a meeting. He promised to get back to us to explain his side which he did not do by press time.
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