Ganafa v DFCU Bank (Civil Suit No. 465 of 2014)
Observed later treatment
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Holding
The court held that the plaintiff was a mortgagor, not a guarantor, under a mortgage deed securing a contract financing facility of UGX 100,000,000 advanced to borrowers. The plaintiff had granted the borrowers a power of attorney to mortgage his property. The court found no evidence that a new loan facility was advanced to the borrowers; rather, the bank transferred the outstanding debt to a new account for administrative purposes. The extension of the loan repayment period without the plaintiff's consent did not prejudice him or discharge the mortgage. The mortgaged property remained liable for sale as the outstanding debt had not been repaid. The suit was dismissed with costs.
Outcome
Suit dismissed; mortgaged property remains liable for sale to recover outstanding debt
Facts
In April 2012, two partners (Lujuza Joseph and Kiwanuka Ponny) trading as EMCO Works obtained a contract financing facility of UGX 100,000,000 from DFCU Bank Ltd for 180 days. The plaintiff, Ganafa Peter Kisawuzi, mortgaged his land (LRV 3808 Folio 20 Plot 665 Kyadondo Block 187 at Kasangati) as security for the facility. The plaintiff had previously granted Lujuza a power of attorney to mortgage his property as needed. The borrowers defaulted on repayment. The plaintiff claimed the bank advanced additional sums to the borrowers without his consent, making him not liable for those amounts. The bank issued a notice of default in May 2013 and a notice of sale in February 2014. The plaintiff withdrew the suit against the two borrowers and proceeded only against the bank, seeking declarations that he was not liable for any loan advanced without his consent and that his property should be released.
Issues
- Whether the plaintiff's property comprised in LRV 3808 Folio 20 Plot Number 665 Kyadondo Block 187 is liable for sale as security under the mortgage to the defendant?
- Whether the plaintiff was a mortgagor or surety/guarantor?
- Whether the borrowers obtained a new loan facility without the knowledge and consent of the plaintiff?
- What remedies are available to the parties?
Orders
- The plaintiff's suit is dismissed with costs.
Rules and key headnotes
Legislation cited (6)
Cases cited (13)
- Manulife Bank of Canada v John Joseph Conlin (1996) 3 SCR 415
- Reid v National Bank of Commerce (1971) EA 524
- Frederick JK Zaabwe v Orient Bank Ltd and Others (Supreme Court Civil Appeal No. 04 of 2006)
- Uganda Breweries Ltd v Uganda Railways Corporation (Civil Appeal No. 6 of 2001)
- Payne v Cardiff Rural Council (1932) KB 254
- Housing Finance Bank Ltd and Another v Edward Musisi (Supreme Court Civil Appeal No. 22 of 2010)
- Barclays Bank of Uganda v Jing Hong (High Court Civil Suit No. 35 of 2009)
- Stroms v Hutchinson (1905) AC 515
- Senyonjo v Bunjo (High Court Civil Suit No. 180 of 2012)
- Canadian Imperial Bank of Commerce v Patel (1990) 72 OR (2d) 109
- Harilal & Co v Standard Bank Ltd [1967] EA 512
- National Bank of Nigeria Ltd. v. Awolesi
- Holme v Brunskill (1878) 3 QBD 495
Cases citing this judgment (2)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.