Stanbic Bank Humiliated As High Court Throws Out Bid To Auction Property Over Shs90m Loan
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Caught in the Act: Stanbic Bank Loses UGX90M Case After Court Uncovers Deception » Business Focus
Stanbic Bank Uganda headquarters in Kampala/ Courtesy photo Stanbic Bank Uganda Limited has lost a case over a Shs 90 million loan after the High Court found that the bank’s claim rested on disputed facts, including who exactly the businessman’s wife was and whether spousal consent was properly obtained before mortgaging the property. In the ruling of July 21, 2026, Hon. Lady Justice Harriet Grace Magala said the court could not resolve the matt…
Stanbic Bank Humiliated As High Court Throws Out Bid To Auction Property Over Shs90m Loan
Stanbic Bank Uganda Limited has suffered a significant legal setback after the High Court in Arua dismissed its attempt to foreclose on and sell mortgaged property belonging to a company director over a defaulted Shs90 million business loan, ruling that the dispute was too contentious to be determined through the simplified court procedure the bank had chosen. In a judgment delivered on July 21, 2026, Justice Harriet Grace Magala threw out the b…
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