Court has ordered a businessman Joseph Sendagire and valuer Eddie Nsamba Gayiiya to jointly pay more than Shs448 million to KCB Bank Uganda Limited as recovery of loan fraudulently acquired and losses incurred. Justice David Wangutusi of the Commercial Division of the High Court ordered Sendagire and Gayiiya to pay to the bank Shs398,201,669 as the loan sum and Shs50 million as general damages. He ordered that the loan sum shall attract an interest of 20 percent per annum from May 2012 while the Shs50 million attracts 6 percent from date of judgment and that the duo shall pay legal…
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