Standard Chartered Bank Ordered to Pay Over UGX 850 Million to Grace Makoko for Unlawful Dismissal in 2015 The Court of Appeal has ruled that Standard Chartered Bank must compensate former Regional Head Grace Makoko for her unlawful dismissal in 2015, awarding her over UGX 850 million in damages, interest, and unvested share entitlements.

The Court of Appeal has ordered Standard Chartered Bank Uganda to pay Grace Tibihikira Makoko a total of over UGX 850 million in compensation following her unlawful dismissal from the bank in 2015. Delivering judgment in Civil Appeal No. 307 of 2020 on April 25, 2025, a panel comprising Justices Muzamiru Mutangula Kibeedi, Christopher Gashirabake, and John Kihika ruled that, although the original Industrial Court award had been excessive, Makoko was nonetheless entitled to significant compensation. Makoko, who had served as the Regional Head of Financial Markets and Wholesale Banking for East Africa, was terminated in 2015 without a hearing…