The High Court in Kampala earlier this month extended further giving the final ruling of case in which Maestrol Oil and Gas Solutions – MOGAS Uganda Limited is battling receivership with Stanbic bank Uganda Limited under Kabiito Karamagi. In October 2021, Stanbic Bank Uganda sought control of petroleum products distributor after the latter reportedly failed to pay back a three-year loan of an unidentified amount. The bank had appointed Kabiito Karamagi as receiver of MOGAS. However, the petroleum company filled miscellaneous application in which court suspended Kabiito Karamagi as a receiver of MOGAS for a period of 6 months. The…
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