Court further extends ruling of MOGAS Vs Stanbic receivership case
MOGAS says it is negotiating with four entities in order to raise the required money. Courtesy photo
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 u
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