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Tycoon Wavamunno’s WBS closed

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Wavah Broadcasting Services (WBS) TV has today stopped operating as a public broadcaster.

The logo of WBS TV, a station formerly belonging to tycoon Gordon Wavamunno

In a communication signed by the Receiver/Manager Kabiito Karamagi, all existing contracts for the troubled WBS have been terminated effective today.

In April this year, WBS TV, which belongs to tycoon Gordon Wavamunno of the Spear Group of Companies fame, was put under receivership after it failed to clear tax liabilities of over 7 billion shilling to the Uganda Revenue Authority.

The debt also reportedly includes interest accrued on tax liabilities over 10 years.

 

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