Jaffery Forex Bureau Ltd v Bank of Uganda (MISCELLANEOUS CAUSE NO. 202 OF 2019)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
Held that section 7 of the Foreign Exchange Act 2004, which provides for an 'appeal' to the High Court against Bank of Uganda decisions, must be interpreted as providing for judicial review remedies rather than a conventional appeal. The court found that the word 'appeal' in the statute referred to judicial review given the nature of orders available (certiorari) and absence of specific appellate procedure. However, the application was dismissed for being filed outside the statutory 30-day limitation period prescribed by section 7 of the Foreign Exchange Act. The court held that the judicial review rules permitting extension of time could not override the strict statutory time limit contained in the Act.
Outcome
Application dismissed for being filed outside the statutory 30-day limitation period
Facts
The applicant, Jaffery Forex Bureau Ltd, had operated forex and money remittance business since 1997. On 10 May 2016, Bank of Uganda revoked its licences by letter citing sections 6(1) and 6(3) of the Foreign Exchange Act 2004, effective immediately. Prior to revocation, on 2 March 2016, Bank of Uganda issued a notice to show cause. The applicant responded but received no further communication before the revocation letter. Bank of Africa had commissioned a police investigation which cleared the applicant in October 2016. Bank accounts were frozen but later unfrozen on 28 March 2019. The applicant filed this judicial review application in 2019, three years after the revocation, seeking certiorari, mandamus, prohibition, declarations of illegality, and damages totalling UGX 9.5 billion.
Issues
- Whether the application raises any grounds for judicial review?
- Whether the decision and the entire process adopted by the respondent in revoking the applicant's licence to operate a forex bureau and money remittance business was ultra vires, illegal, irrational and procedurally improper?
- Whether the applicant is entitled to the reliefs sought?
- Whether the application is competently before the court before exhaustion of alternative remedy?
Orders
- Application dismissed.
- No order as to costs.
- Each party shall bear its own costs.
Rules and key headnotes
Legislation cited (21)
- Judicature Act s.33
- Judicature Act s.38
- Judicature (Judicial Review) Rules 2009 r.3
- Judicature (Judicial Review) Rules 2009 r.6
- Judicature (Judicial Review) Rules 2009 r.7
- Judicature (Judicial Review)(Amendment) Rules 2019 SI 32 of 2019 r.7A
- Constitution of Uganda Article 42
- Civil Procedure Act s.98
- Civil Procedure Rules Order 52 r.1
- Civil Procedure Rules Order 52 r.3
- Foreign Exchange Act 2004 s.5
- Foreign Exchange Act 2004 s.6
- Foreign Exchange Act 2004 s.6(1)
- Foreign Exchange Act 2004 s.6(3)
- Foreign Exchange Act 2004 s.7
- Foreign Exchange (Forex Bureaus and Money Remittance) Regulations 2006 r.11(1)
- Foreign Exchange (Forex Bureaus and Money Remittance) Regulations 2006 r.15(6)
- Foreign Exchange (Forex Bureaus and Money Remittance) Regulations 2006 r.15(7)
- Foreign Exchange (Forex Bureaus and Money Remittance) Regulations 2006 r.41
- Foreign Exchange (Forex Bureaus and Money Remittance) Regulations 2006 r.42
- Foreign Exchange (Forex Bureaus and Money Remittance) Regulations 2006 r.43
Cases cited (2)
- Seaford Court Estates v Asher [1949] 2 All ER 155
- Bhanumati v State of U.P [2010] AIR SC 3796
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.