Christian Rural Eye Sight Promotion v Nkengero and 4 Others (High Court Civil Suit No. 432 of 2018)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The High Court held that Stanbic Bank Uganda Limited was liable in negligence for failing to conduct proper due diligence when opening an account and accepting a large foreign transfer. The bank breached its duty of care by failing to verify customer identity despite obvious address discrepancies, allowing a sole signatory to operate an account contrary to the customer's constitution, and failing to detect that funds belonged to a different entity in Manafwa rather than Wakiso. The plaintiff was awarded special damages of Euros 40,000 with interest at 8% per annum from the date of filing suit.
Outcome
Judgment entered for the plaintiff against the 5th defendant for negligence in banking operations; special damages of Euros 40,000 awarded with interest
Facts
In 2017, the plaintiff applied for and received a grant of Euros 40,000 from Novartis Pharma AG of Switzerland for a children's vision project in Mbale-Manafwa district. The plaintiff provided its Centenary Bank account details for the transfer. However, the funds were diverted and credited to Stanbic Bank account No. 9030013785278 held in the name of Christian Rural Eye Sight Promotion (a different entity in Wakiso) on 12 December 2017 (UGX 159,100,500) and 13 April 2018 (UGX 27,638,880). The account was opened by Nkengero Shafique as sole signatory despite the organization's constitution requiring two signatories. The funds were immediately withdrawn and the account closed. Interlocutory judgment was entered against defendants 1-4 for failure to file a defence. The matter proceeded against the 5th defendant (Stanbic Bank) only.
Issues
- Whether the 5th Defendant is liable to the Plaintiff in negligence.
- Whether the operation of the above mentioned account was fraudulent and by who or which of the Defendants.
- What remedies are available to the parties.
Orders
- Judgment for the plaintiff.
- The plaintiff is awarded Euros 40,000 as special damages.
- Special damages shall attract interest of 8% per annum from the date of filing the suit until payment in full.
- General damages and aggravated damages declined.
- The plaintiff is awarded costs of the suit.
Rules and key headnotes
Legislation cited (7)
- Civil Procedure Rules O.9 r.5
- Civil Procedure Rules O.9 r.10
- Anti-Money Laundering Act s.6
- Anti-Money Laundering Act s.6(c)
- Anti-Money Laundering Act s.6(h)(iv)
- Anti-Money Laundering Act s.116(e)
- NGO Act s.3
Cases cited (8)
- Busongora Development Association Limited v Centenary Rural Development Bank Limited (High Court Civil Suit No. 48 of 2014)
- Blyth v Birmingham Water Works Co (1856) 11 Ex 784
- Lloyd Bank Ltd v E.B. Savory & Co [1933] AC 201
- Obed Tashobya v DFCU Bank Limited (High Court Civil Suit No. 742 of 2004)
- Singularis Holdings Limited (in liquidation) v Daiwa Capital Markets Europe Limited [2019] UKSC 50
- Bank of Baroda (U) Limited v Wilson Kamugunda [2006] 1 EA 11
- Barclays Bank Plc v Quincecare Ltd and another (1992) 4 All ER 363
- Begumisa Financial Services Ltd v General Moldings Ltd & Another [2007] 1 EA 28
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.