UNAFRICANICITY: Court of Appeal orders Absa Bank Uganda to return fraudulently foreclosed school and pay UGX5.4 bn in compensation  

Three Justices of Appeal, led by Deputy Chief Justice Hon. Justice Richard Buteera, Hon. Justice Catherine Bamugemereire, and Hon. Mr. Justice Stephen Musota, have ordered Absa Bank Uganda, to pay Progressive Group Of Schools Ltd and its proprietors Ab’mooti Investments Ltd And Kaahwa Erisa Amooti for fraudulently and illegally foreclosing on their school and properties in 2009. Absa Bank Uganda is jointly liable with Luyanzi Academic Foundation, the company that bought the school from the Bank.  The three justices dismissed Hon. Justice David Wangutusi’s High Court Ruling, Civil Suit No. 204 of 2009 (Commercial Division) delivered on 21st August 2019…