Centenary Rural Development Bank Limited v Namulondo Hasifa and Others (Civil Suit No. 355 of 2023)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that the 2nd and 3rd defendants, professional valuers and surveyors, owed a duty of care to the plaintiff bank and breached that duty by valuing the wrong property, resulting in a valuation report that misrepresented vacant land as developed with a double-storied residential building. The valuers' reliance on an agent who valued the wrong property did not exonerate them under the principle qui facit per alium facit per se. The bank's failure to conduct periodic reviews as recommended in the valuation report did not constitute contributory negligence where the report gave positive remarks about the property and did not specify review timelines or condition disbursement on a resurvey. The defendants were jointly and severally liable for the outstanding loan amount, interest, and general damages.
Outcome
Judgment entered for the plaintiff against the 2nd defendant and ex parte against the 3rd defendant for professional negligence and breach of retainer agreement
Facts
The plaintiff bank advanced a loan of UGX 350,000,000 to the 1st defendant to purchase land comprised in Plot 118, Block 260, Ziranumba, Kyadondo, Wakiso District. Prior to disbursement, the plaintiff engaged the 2nd and 3rd defendants, professional valuers and surveyors trading as M/S Katuramu & Company Consulting Surveyors and Valuers, to value the property. The valuers presented a report dated 27th October 2021 indicating the property was developed with a double-storied residential house with an Open Market Value of UGX 770,000,000 and a Forced Sale Value of UGX 500,000,000. Based on this report, the plaintiff advanced the loan. The 1st defendant defaulted on loan instalments. When the plaintiff commenced foreclosure proceedings and instructed another firm to open boundaries, it was discovered that the property was vacant land used for subsistence farming, not developed as represented in the valuation report. The 2nd defendant claimed his agent, Kakaire James, had conducted the valuation and confirmed the site inspection was done in the presence of the bank's loan officer, but admitted the agent valued the wrong property.
Issues
- Whether the 1st defendant breached the banking facility agreement dated 3rd December 2021?
- Whether the 2nd and 3rd defendants are liable for professional negligence in as far as the valuation report dated 27th October 2021 and addressed to the plaintiff is concerned?
- What remedies are available to the parties?
Orders
- A declaration that the 2nd and 3rd defendants breached the Valuers/Surveyors retainer agreement dated 27th August 2019.
- A declaration that the 2nd and 3rd defendants were professionally negligent in their findings as contained in the valuation report dated 27th October 2021 addressed to the plaintiff.
- An order that the defendants are jointly and severally liable to pay a sum of UGX 471,963,606/= to the plaintiff.
- An order that the defendants are jointly and severally liable to pay interest on the outstanding sum at the rate of 20% per annum from the date of filing the suit until payment in full.
- An order that the defendants are jointly and severally liable to pay general damages of UGX 50,000,000/= to the plaintiff for breach of contract.
- Costs of the suit awarded to the plaintiff.
Rules and key headnotes
Legislation cited (5)
Cases cited (15)
- Donoghue v Stevenson (1932) AC 362
- KCB Bank Uganda Limited v Sendagire Joseph and Others (High Court Civil Suit No. 640 of 2013)
- Blyth v Birmingham Waterworks (1856) Exch 781
- Baxter v FW Gapp & Co Limited [1938] 4 All ER 457
- Stanbic Bank (U) Limited v Tuka Investments Limited and 4 Others (Civil Suit No. 464 of 2013)
- Hedley Byrne & Co Limited v Heller & Partners Limited [1964] AC 465
- Oil Energy 25 Ltd v Komakech Robert (High Court Civil Appeal No. 111 of 2019)
- Watsemwa and Another v Attorney General (Civil Suit No. 675 of 2006)
- Bolam v Friern Hospital Management Committee [1957] 2 All ER 118
- Uganda Commercial Bank v Deo Kigozi (Court of Appeal Civil Appeal No. 21 of 1999)
- Attorney General v Uganda Law Society (Constitutional Appeal No. 1 of 2006)
- James Fredrick Nsubuga v Attorney General (High Court Civil Suit No. 13 of 1993)
- Robert Cuossens v Attorney General (Supreme Court Civil Appeal No. 8 of 1999)
- Uganda Commercial Bank v Kigozi [2002] 1 EA 305
- Uganda Development Bank v Muganga Construction Co Ltd [1981] HB 35
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.