Youth Group petitions Museveni over ‘Tax payers’ Money Wastage’ in Court case between BoU and Sudhir Just last month, Court of Appeal upheld last year’s Commercial Court ruling that a bank in receivership, under the Financial Institutions Act (2004) cannot sue or be sued and therefore Crane Bank (in receivership) cannot and should not have sued businessman Dr. Sudhir Ruparelia and his company Meera Investments

A group of youths under the Poor Youth Network have petitioned the President Yoweri Museveni over what they have termed as ‘excessive legal  fees payments’  in court case between the Bank of Uganda and former shareholders of Crane Bank Limited (under receivership). In the petition, Ssempala Zahid, the national spokesperson for Poor Youth Movement copied to the World Bank, the Speaker of Parliament, and IMF among others, calls for the president’s intervention into the matter so that the case is settled outside court to save the tax payers money. “We are writing to inform you that, on 23rd June 2020,…