By Watchdog reporter
A lot has been said about the late Ivan Semwanga’s source of income. Many people claimed that ye made a living through dubious deals and fraud but what we can exclusively tell you is that Semwanga was a self made millionaire who earned a living from his schools in South Africa.
The fallen businessman earned a monthly salary of shs120 million as a director from his schools in South Africa and even though he died, that money will always be deposited on an account as trust fund for his three children until they come of age.
The the monthly salary will be deposited on a fixed account in a South African bank until the children make 21 years when they are able to make their decisions.