Court Grants Former Safeboda Director Green Light to Defend UGX 180 Million Loan Dispute with Ecobank The High Court’s Commercial Division has granted businessman Thomson Ricky Rapa unconditional leave to defend himself in a UGX 180 million loan dispute with Ecobank. The ruling, centred on alleged unprocured loan insurance, has reignited debate over transparency and accountability in how commercial banks handle insurance-linked lending facilities.

The High Court’s Commercial Division has granted businessman Thomson Ricky Rapa unconditional leave to defend himself in a high-stakes loan dispute with Ecobank. The ruling spotlights the handling of insurance-linked loan facilities by commercial banks. Presiding Judge Patience T.E. Rubagumya ruled that Rapa had presented bona fide triable issues deserving of a full hearing after he claimed that his UGX 180 million salary loan from Ecobank was insured against loss of income, a position the bank flatly denied. Background to the dispute Court documents show that Rapa applied for a salary-backed loan of UGX 180 million from Ecobank on March…