Barclays Bank (U) Ltd v Global Supplies Ltd & 3 Ors (Civil Suit No. 741 of 2004)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The bank successfully recovered Shs 203,591,955 credited to the first defendant's account by mistake following a forged instruction letter. The court held that the bank owed no duty of care to ensure the transfer's validity to a customer who knowingly received funds under a mistake of fact. The first defendant and its managing director were jointly and severally liable, but the personal guarantees had lapsed. The bank was entitled to set off the mistaken deposit. The counterclaim was dismissed.
Outcome
First and second defendants jointly and severally liable for Shs 203,591,955 plus interest; third and fourth defendants not liable; counterclaim dismissed
Facts
On 31 August 2004, Shs 350,000,000 was transferred from Petro Uganda Ltd's account to Global Supplies Ltd's account at Barclays Bank pursuant to what was later revealed to be a forged instruction letter. On 2 September 2004, Ponsiano Kizito, managing director of Global Supplies, withdrew Shs 207,600,000. He claimed he was facilitating two men, Kamya and Fred, who allegedly had no bank account and were due payment from Petro Uganda Ltd. Kizito converted part of the sum to USD 120,000 for them. Petro Uganda immediately queried the transfer. The bank reversed the credit, creating a debit balance of Shs 203,591,955 on Global Supplies' account. The two men disappeared. Petro Uganda's officers testified the instruction letter bore forged signatures. Two bank employees were dismissed for the processing error.
Issues
- Whether there is any cause of action disclosed against the defendants.
- Whether the first defendant is indebted to the plaintiff and if so in what sum.
- Whether the plaintiff owed a duty of care to the first defendant in ensuring that the transfer to its account was valid.
- Whether the first and second defendants owed a duty of care to the plaintiff to ensure that forged instructions for payment were not presented to the first defendant's account.
- Whether the indebtedness is covered by the documents entitled 'guarantee'.
- Whether the plaintiff is indebted to the first defendant in the sum claimed in the counterclaim.
- Remedies.
Orders
- The first defendant is liable to the plaintiff in the sum of Shs 203,591,955.
- The second defendant is jointly and severally liable with the first defendant.
- The third and fourth defendants are not liable.
- The sum is payable with interest at 20% per annum from 2 September 2004 until payment in full.
- Costs of the suit are awarded to the plaintiff against the first and second defendants.
- The counterclaim is dismissed with costs.
Rules and key headnotes
Legislation cited (6)
Cases cited (10)
- Auto Garage v Motokov (No. 3) [1971] EA 514
- Swan Air Travel & Safari FK1 and Another v Sabrina EL-Hail (HCCS No. 377 of 2004)
- Makula International v Cardinal Wamala Nsubuga [1982] HCB 11
- Prof Huq v IUIU (SCCA No. 47 of 1995)
- Sullivan v Allimohamed Osman [1959] EA 239
- Cottar v Attorney General (1938) 5 EACA 18
- Moses Katuramu v Attorney General and Another [1986] HCB 39
- Silayo v Centenary Rural Development Bank (1996) Ltd [2001] EA 288
- Byaruhanga v Barclays Bank (U) Ltd [1978] HCB 150
- Barclays Bank of Kenya v Janday [2004] 1 EA 8
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.