Bank of Africa Uganda Ltd v Clive Mutiso & 4 Ors (HCT-00-CC-CS 152 of 2007)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that the 1st and 2nd defendants were liable for money had and received to the use of the plaintiff after a bank draft they deposited was dishonoured as counterfeit, creating a quasi-contractual obligation to repay funds advanced against uncleared effects. The court found the 1st and 2nd defendants acted fraudulently by falsely representing ownership of land as collateral. The corporate veil of the 4th defendant was lifted as it was incorporated specifically to benefit from the fraudulent transaction. The 5th defendant advocate was found not liable for fraud despite professional negligence.
Outcome
Judgment entered for the plaintiff against the 1st and 2nd defendants for US$389,791.71 with interest and permanent injunction. Suit dismissed against the 3rd and 5th defendants. Counter-claim dismissed.
Facts
In November 2006, the 1st defendant deposited a bank draft for US$400,000 purportedly issued by HSBC Bank Los Angeles in favour of the 2nd defendant. The plaintiff bank credited the account with recourse and advanced US$385,914.61 against uncleared effects at the 1st defendant's request. The draft was forwarded through Deutsche Bank for collection. In January 2007, Deutsche Bank notified the plaintiff that the draft had been dishonoured as counterfeit and debited the plaintiff's account. The 1st defendant had represented that funds came from a lease of land at Kiziba, but evidence showed he held only minority shares in the company owning that land and had no authority to lease it. The 4th defendant company was incorporated on the same day the draft was deposited and immediately purchased land using funds withdrawn against the uncleared effects. The 5th defendant, an advocate, had drafted the lease agreement and signed as attorney for a person named Ian Bailey who later vanished.
Issues
- Whether the 1st and 2nd defendants are liable for money had and received by them for use of the plaintiff.
- Whether the 1st, 2nd and 5th defendants or any of them acted fraudulently in obtaining money from the plaintiff.
- Whether the 3rd and 4th defendants' veil of incorporation should be lifted to be found liable for the alleged fraud of the 1st defendant.
- Whether the parties are entitled to the remedies sought.
Orders
- Judgment entered for the plaintiff for US$389,791.71 against the 1st and 2nd defendants jointly and severally.
- Permanent injunction granted restraining the 2nd and 4th defendants from selling off or disposing of their properties for as long as the decretal sum remains unpaid.
- Interest on the decretal sum at the rate of 5% per annum from the date of filing till payment in full.
- Suit against the 3rd defendant dismissed with costs.
- Suit against the 5th defendant dismissed.
- Counter-claim dismissed in its entirety.
- Save for the order for costs against the plaintiff regarding the 3rd defendant, each party to bear its own costs.
Rules and key headnotes
Legislation cited (1)
Cases cited (8)
- Interfreight Forwarders (U) Ltd v East African Development Bank [1994-95] HCB 54
- Obed Tashobya v DFCU Bank Ltd (HCT-00-CC-CS 742 of 2004)
- Dr James Kashugyera Tumwine & Anor v Sr Willie Magara & Anor (HCCS No. 576 of 2004)
- Kampala Bottlers Ltd v Damanico (U) Ltd (SCCA No. 22 of 1992)
- The Insurance Company of North America v Baerlein and James [1960] EA 993
- Salomon v Salomon [1897] AC 22
- Crane Insurance Company v Shelter (U) Ltd (CACA No. 14 of 1998)
- Dering v Uris [1964] 2 All ER 660
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.