Meera Investments Ltd which is part of Ruparelia group has dragged city architects FBW (U) Ltd to court, demanding for over USD 2,672,579 in damages and a refund of USD132,750 (approximately Shs 9,818,651,500 in total) which is money his company paid them for work they refused to do. According to the document seen by this…
Prime Finance Company has dragged Fountain Publishers Limited to court over failure to pay an outstanding loan worth Shs43b. In two separate cases filed before the Commercial Division of the High Court, Prime Finance Company, accuses Fountain Publishers of breach of two loan agreements. According to court documents, in one file Prime Finance Company is…
Equity Bank, acting through Katende Ssempebwa & Co Advocate and AF Mpanga, Advocates, has said it will after October 7 proceed to sell properties contained in plots on Lumumba Avenue and Mutungo-Luzira, both within Kampala if Simbamanyo Estates fails to pay Shs11.5b. In a notice published yesterday, Equity Bank said Simbamanyo had until October 7…
The Uganda Communications Commission (UCC) has been dragged to court over its recent directive to have all online media registered by 5th October 2020. UCC recently asked all persons engaged in the provision of data online to regularise their operations by obtaining authorization from them (UCC) by 5th October this year. However, in his suit…
For years, many Ugandans have cried foul play by banks especially as regards illegal charges and debits internally done on their accounts without permission. Many of these business people go silent due to lack of capacity to sue these institutions but this is about to change with the recent ongoing case filed at the Commercial…
The 120Bn fraud case filed by Ham Enterprises against Diamond Trust Bank Uganda and Diamond Trust Bank Kenya, continues at the Commercial Division of the High Court. On August 28, 2020, Ham Enterprises through lawyer Fred Muwema filed a preliminary Objection asking the court to dismiss the defendants defense on basis of its illegality background.…
By Fred Mwebya All over the world, countries grow and develop as a result of how strong and respected their systems and structures are. There is no doubt that fundamental growth and development depends on the prevailing economic, political and legal structures of a given nation or community. Unfortunately in many African communities little attention…
Emerging Proof reveals Diamond Trust Bank’s unlawful operations in total defilement of Financial Protection Acts of both Uganda and Kenya amounting to an illegality. In a formal way, the Bank’s operations are directly monitored and supervised by Central Banks of a given nation. This means that the central bank is also in charge of giving…
Uganda Revenue Authority ‘URA’ has officially appointed Mr.Abel Kagumire as the new commissioner of Customs, replacing Mr Dicksons Kateshumbwa who resigned recently. With his rich experience, Mr.Kagumire, previously served as Assistant Commissioner Customs Audit and Manager Customs at URA.He has served in the tax body for more than over 17 years with unparalleled clean record.…
Officials from the Uganda Revenue Authority (URA) and the Uganda National Bureau of Standards (UNBS) have come under the spotlight after being accused of allegedly abetting the smuggling of Kenyan salt into Uganda. This website last week published an investigative article in which we revealed how salt known as ‘Kay Salt’, which is branded ‘For…
