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In a ruling that reinforces Ugandan courts’ discretion to retain jurisdiction over disputes relating to alleged illegality, Justice Patience Rubagumya of the Commercial Division of the High Court declined to…
Bank of Uganda has previously claimed that the death last year of the former Governor, Prof. Mutebile, did not affect the validity or legal status of the bank notes he signed. It is now clear that BoU had no faith in its claims because, on the 15th of March 2023, it issued a statement indicating that there were new banknotes in circulation bearing the signature of the Deputy Governor, Mr. Micheal Atingi-Ego. What is surprising is that these new banknotes were printed in 2022, shortly after the death of the late Governor and at the time when BoU was insisting…
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Cornwell Muleya, the former Chief Executive Officer at Uganda Airlines was yesterday arrested for defying summons of the Inspectorate of Government (IGG), sources within Police say. Munira Ali, the IGG spokesperson, confirmed the arrest and said Cornwell is expected to be produced in court on tomorrow on Wednesday 22nd June 2022. According to the charge sheet signed by Deputy IGG Patricia Achan Okiria, between May and June 2022, Cornwell Muleya deliberately refused to obey an order of the Inspectorate of Government that was dated May 23, 2022. The order required Mr Muleya to give evidence and produce documents, regarding, “mismanagement…
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Businessman, Patrick Bitature, the CEO and Founder of the Simba Group of Companies, has spoken out about the ongoing commercial dispute between some of the Group Companies and a South African mezzanine financier, saying the issues are being addressed appropriately and that the mentioned companies remain open for business. This is the first direct statement by the billionaire businessman, since a public-auction advert appeared in one of the dailies, purporting to put properties belonging to some Simba Group subsidiaries up for sale, upon instructions by a one, Kirunda & Wasige Advocates. Apparently, the law firm was acting on behalf of…
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Simba Properties Investment Co. Ltd has broken silence over a public auction advert that appeared in the Daily Monitor today, purporting to put up its properties for sale, dismissing the advert as a “malicious illegality”, an “abuse of the court process” as well as a “misguided and unprofessional conduct” by the bailiffs/auctioneers and the lawyers for whom they purport to represent. The group has advised its stakeholders and the public to ignore the said impugned advert. In a public notice, issued on the company’s behalf, by its lawyers, M/S Muwema & Co Advocates, Simba Properties Investment Co. Ltd warns “anyone…
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This morning, a copy of an advert in one of the newspapers, made and is making several rounds on various social media channels, especially WhatsApp. The advert, by Quickway Auctioneers & Court Bailiffs titled: Sale by Public Auction/Private Treaty reads: “Duly instructed by M/S Kirunda & Wasige Advocates, on behalf of their client, the registered mortgagee, we shall proceed to sell by public auction/private treaty, the undermentioned property, under the Mortgage Act, 2009, unless the debtor, mortgagor pays the entire outstanding loan balance and all costs attendant to our clients, within 30 days from the date of this advert, our…
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