By our reporter

Early this week, the Commercial division of the High Court in Kampala issued an arrest warrant for socialite Jack Pemba for allegedly refusing to pay shs1 billion debt to city businessman Godfrey Kirumira.

Pemba was summoned to appear before Court but never showed, neither did he give reason for his absence. According to the warrant, Pemba should be arrested and produced before Court by April 27th without fail, unless he pays the monies to Kirumira.

“These are to command you to arrest Pemba unless he deposits $300,000 (shs1 billion) with court or furnish some other sufficient security to satisfy Kirumira’s claim to guarantee his appearance.” says the court in an order addressed to Mutesasira associates and court bailiffs.

Now, Pemba has revealed why he has been reluctant to pay the businessman.

Pemba admits that he borrowed $200,000 (about shs720 million) from Kirumira and gave him his three prized cars jointly valued at over Shs1.2 billion as security.

The cars included a Range Rover with customized license plates ONLY 1 JP, which Pemba says was valued at $140,000 (about Shs513m), a brand new 2017 Landcruiser ZX 2017 model on which Pemba had spent $175,000 (about Shs642m) and a Hummer H3 valued at $35,000 (about Shs128m).

According to Matooke Republic, Pemba says the cars were supposed to be parked in safe custody but Kirumira unfortunately drove his cars and also gave them to his children to drive.

Pemba says because Kirumira had driven the cars and their value depreciated, he had made up his mind to sell them and repay Kirumira, something that Kirumira refused.

It was reported last year that Kirumira was seen driving Pemba’s “ONLY 1 JP” Range Rover to the Pearl of Africa Hotel. When Pemba read the news, he was very angry because Kirumira hadn’t stuck to the agreement.

Pemba also accuses Kirumira for having rented out his cars to weddings and crashed the Land cruiser.

Apparently, he signed a sale agreement meaning that Kirumira had the liberty to sell the cars in case Pemba didn’t pay up.