Zed Celebs

Footballer Jacob Mulenga sues Kalusha Bwalya for failure to pay back a loan

International footballer Jacob Mulenga has sued football icon Kalusha Bwalya, Optimize Company Limited and Caluza investments Zambia limited in the Lusaka High Court for non-payment of interest on a loan facility amounting to US$50,000.

Mulenga is demanding payment of the outstanding balance of the loan facility.
He wants an order for specific performance of the agreements between the parties dated June 11, 2020 and July 1, 2020 and interest at the commercial bank lending rate.

In his statement of claim, Mulenga said on June 11 last year, in an agreement facilitated by Caluza investments, he offered Kalusha a loan facility of US$20,000 and interest of the equivalent amount.

He stated that on June 16, 2020 Bwalya who is former Football Association of Zambia president, borrowed another US$10,000 with an interest of US$5,000.

“On July 1, 2020 the plaintiff and the defendant entered into an agreement facilitated by Caluza investments, where the plaintiff offered and the defendant accepted a loan facility of US$20,000 with interest of US$20,000,” Mulenga stated.

He said the 1988 African footballer of the year in January 2021 paid US$20,000 as part of his loan repayment and in August this year, Optimize Company made an obligation to clear Kalusha’s debt.

“On August 30, 2021 Optimize Company paid the plaintiff US$30,000 through his Zambian Bank account in honor of its obligation to repay the loan on behalf of Kalusha,” said Mulenga.

“It was agreed that the outstanding repayments of the loans were to be effected by way of a bank transfer to the plaintiff’s bank account number 0150141285300 held at Standard Chartered bank which has not been credited since August 30, 2021 and despite a reminder and demands to the defendants to pay the monies owed, the defendants have failed or neglected to do so in consequence of which the plaintiff has suffered loss and damage.”

He is further seeking cost for and incidental to the action and any other relief the court may deem fit.

In Other News: Prophet Uebert Angel sends son to Zambia after being denied entry

Controversial PROPHET, Prophet Uebert Angel who was DENIED ENTRY into Zambia,has sent his, Zambian-born spiritual son, Prophet Isaiah Brian Sovi, to host Deliverance Crusade this Saturday 30 October, in Lusaka at the Unza Chapel Grounds.Prophet Uebert Angel The event promises the attendees a host of unseen things such as healing from long-time illnesses, miracle money – that is free money appearing from nowhere, family deliverance, forensic prophecy as well asLearn more

Back to top button