Nasser Galiwango Mukasa v Uganda Micro Credit Foundation Ltd and Others (Civil Suit No. 12 of 2018)
Observed later treatment
Citator coverage is limited to judgments in the Wakilii corpus and source-matched treatment records. Absence of a signal is not an assertion that the case remains good law.
AI-generated summary. This summary was generated by AI from the full text of the judgment. It may contain errors or omissions—always read the source judgment before relying on it.
Holding
Held that the loan agreements were valid and enforceable despite the plaintiff's non est factum defence and allegations of fraud. The interest rate of 120% per annum under one loan was unconscionable and substituted with 33% per annum; the sale of the mortgaged unregistered land by public auction without court foreclosure was lawful under the power of sale clause, and the plaintiff remained liable for the outstanding loan balance of UGX 50,465,650 plus interest.
Outcome
Suit dismissed; counterclaim allowed; plaintiff liable for outstanding debt and interest
Facts
The plaintiff borrowed UGX 50,000,000 from the defendant moneylender in August 2016 secured by a land sale agreement for unregistered land at Bulenga-Sumbwe, two motor vehicles, and guarantees from three counter-defendants. Two months later he borrowed a further UGX 25,000,000. In March 2017 both loans were consolidated into a single facility of UGX 79,476,400 at 36% per annum interest. The plaintiff defaulted. The defendant issued default and sale notices and sold the land by public auction in July 2019 for UGX 28,000,000, leaving an outstanding balance. The plaintiff challenged the sale and the validity of the consolidated loan agreement and the interest rates as unconscionable.
Issues
- Whether the loan agreement executed between the plaintiff and defendant is legally valid and enforceable.
- Whether there was a breach of the loan agreement by the plaintiff and if so by how much.
- Whether the plaintiff's property situated at Bulenga-Sumbwe village in Wakiso is liable for attachment.
- Whether the attachment and sale was legal.
- What remedies are available to the parties.
Orders
- Suit dismissed with costs to the defendant.
- Judgment entered for the defendant on the counterclaim.
- Plaintiff to pay UGX 50,465,650 being the amount outstanding on the two loans.
- Plaintiff to pay interest on the outstanding amount at the rate of 36% per annum from 31 March 2017 until payment in full.
- Plaintiff to pay the costs of the suit and of the counterclaim.
Rules and key headnotes
Legislation cited (45)
- Money Lenders Act
- Tier 4 Microfinance Institutions and Money Lenders Act 2016
- Tier 4 Microfinance Institutions and Money Lenders (Prescription of Maximum Interest Rate) Notice 2024 (Legal Notice No. 21 of 2024)
- Mortgage Act s.2
- Mortgage Act s.5(1)
- Mortgage Act s.7
- Mortgage Act s.7(2)
- Mortgage Act s.8(1)
- Mortgage Act s.15(2)
- Mortgage Act s.19(1)
- Mortgage Act s.19(2)
- Mortgage Act s.20(e)
- Mortgage Act s.24
- Mortgage Act s.25(c)
- Mortgage Act s.25(d)
- Mortgage Act s.26(1)
- Mortgage Act s.26(2)
- Mortgage Act s.28(2)
- Mortgage Act s.29(1)
- Mortgage Act s.31
- Mortgage Act s.32
- Mortgage Regulations 2012 reg.8(1)
- Mortgage Regulations 2012 reg.8(2)
- Mortgage Regulations 2012 reg.10(1)
- Mortgage Regulations 2012 reg.11(1)
- Mortgage Regulations 2012 reg.14(1)
- Mortgage Regulations 2012 reg.14(3)
- Registration of Titles Act s.59
- Registration of Titles Act s.129
- Land Act s.2
- Land Act s.3
- Land Act s.29(1)(a)(i)
- Contracts Act s.10(2)
- Contracts Act s.61(1)
- Companies Act s.59
- Interpretation Act s.13(2)(b)
- Interpretation Act s.13(2)(c)
- Civil Procedure Act s.26(1)
- Civil Procedure Act s.27(2)
- Civil Procedure Act s.44
- Civil Procedure Rules O.6 r.3
- Civil Procedure Rules O.8 r.2(1)
- Auctioneers Act s.15(2)
- Illiterates Protection Act
- Evidence Act
Cases cited (80)
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- M Kibalya v Kibalya [1994-95] HCB 80
- Saunders v Anglia Building Society [1971] AC 1004
- C F Asset Finance Ltd v Okonji and others [2014] EWCA Civ 870
- Stanbic Bank Uganda Limited v Ssenyonjo Moses (Court of Appeal Civil Appeal No. 147 of 2015)
- Gadhri v 0760815 BC Ltd 2016 BCSC 521
- 1468025 Ontario Limited v 998614 Ontario Inc 2015 ONSC 7216
- Estevan Credit Union v Halvorsen and Siroka (1991) 91 Sask R 316
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- Attorney General v Dr Major (Rtd) Anthony Jallon Okullo (Court of Appeal Civil Appeal No. 207 of 2016)
- Dr Major (Rtd) Anthony Jallon Okullo v Attorney General (Supreme Court Civil Appeal No. 3 of 2020)
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- JK Patel v Spear Motors Ltd (Supreme Court Civil Appeal No. 4 of 1991)
- Global Forwarders & Clearing Ltd v Henry Mugenyi t/a Kifaru High Court Bailiffs and Auctioneers (High Court Civil Suit No. 188 of 2002)
- God is Able Graphic Designers & Suppliers Limited v Damanico Properties Limited (High Court Civil Suit No. 306 of 2021)
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- Secretary of State for Social Security v Tunnicliffe [1991] 2 All ER 712
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- Kiwanuka Godfrey T/a Tasumi Auto Spares and Class mart v Arua District Local Government (High Court Civil Suit No. 186 of 2006)
- Hungerfords v Walker (1989) 171 CLR 125
- Robert Cuossens v Attorney General (Supreme Court Civil Appeal No. 8 of 1999)
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- Hadley v Baxendale (1854) 9 Exch 341
- Charles Acire v M Engola (High Court Civil Suit No. 143 of 1993)
- Kibimba Rice Ltd v Umar Salim (Supreme Court Civil Appeal No. 17 of 1992)
- Harriet Arinaitwe v Africana Clays Ltd (High Court Civil Suit No. 376 of 2013)
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- Cityland and Property (Holdings) Ltd v Dabrah [1968] Ch 166
- Indianapolis Morris Plan Corp v Sparks 132 Ind App 145, 172 NE 2d 899 (1961)
- Phoenix Interactive Design Inc v Alterinvest II Fund LP 420 DLR (4th) 335
- Multiservice Bookbinding Ltd v Marden [1979] Ch 84
- Knightsbridge Estates Trust Ltd v Byrne [1939] Ch 441
- Pelfrey v Pelfrey 487 SE 2d 281 (Va Ct App 1997)
- Adams v John Deere Co 774 P 2d 355 (Kan Ct App 1989)
- Hart v O'Connor [1985] 1 AC 1004
- Santley v Wilde [1899] 2 Ch 474
- Brighton and Hove City Council v Audus [2010] 1 All ER (Comm) 343
- Jenifer Kiggundu Nabatanzi v Denis Byarugaba Besigye (High Court Civil Suit No. 378 of 2018)
- Silven Properties Limited v Royal Bank of Scotland [2003] EWCA Civ 1409
- Standard Chartered Bank v Walker [1982] 1 WLR 1410
- Nilrem Nominees Pty Ltd v Karaley Ltd (2000) WASC 82
- Progressive Group of Schools Limited and two others v Barclays Bank of Uganda and another (Court of Appeal Civil Appeal No. 349 of 2020)
- Alliance Building Society v Share [1952] Ch 581
- Alp Investments Limited v Bank of India (U) Limited (High Court Civil Suit No. 1 of 2024 (OS))
- 1173928 Ontario Inc v 1463096 Ontario Inc (2018) ONCA 669
- Vision Fund Uganda Limited v Buwembo Monday Kasule (High Court Civil Appeal No. 98 of 2017)
- National Bank of Commerce Ltd v Saad Trading Co (1991) Ltd and two others (High Court Civil Suit No. 496 of 2003)
- BFP v Resolution Trust Corp 511 US 531 (1994)
- Majid Akuze v Centenary Rural Development Bank (High Court Civil Suit No. 87 of 2015)
- Letshego Uganda Ltd v Felix Kulaigye (High Court Civil Suit No. 5 of 2020 (OS))
- Ssendagire Stephen and another v Karamagi Kabiito and others (High Court Civil Suit No. 26 of 2008)
- Formula Feeds Ltd and another v KCB Bank Uganda Ltd and others (High Court Miscellaneous Application No. 208 of 2020)
- Pitchfork Ranch Co v Bar TL 615 P 2d 541
- Payne v Cave (1789) 3 TR 148
- Stanbic Bank Limited v Celular Galore Limited and two others (High Court Civil Suit No. 50 of 2010)
- Barclays Bank Ltd v Jing Hong and Guo Dong (High Court Civil Suit No. 35 of 2009)
- Moschi v Lep Air Services Ltd [1973] AC 331
- Mian Aqueel and another v Exim Bank (U) Limited (High Court Miscellaneous Application No. 497 of 2017)
- The Rio Claro [1987] 2 Lloyd's Rep 173
- Mohanlal Kakubhai Radia v Warid Telecom Ltd (High Court Civil Suit No. 234 of 2011)
- Kinyera v The Management Committee of Laroo Boarding Primary School (High Court Civil Suit No. 99 of 2013)
- Carmichael v Caledonian Railway Co (1870) 8 M (HL) 119
- Riches v Westminster Bank Ltd [1947] 1 All ER 469
- Dodika Limited & Others v United Luck Group Holdings Limited [2020] EWHC 2101 (Comm)
- Equip Agencies Limited v I & M Bank Limited [2017] eKLR
- General Parts (U) Ltd v Non-Performing Assets and Recovery Trust (Supreme Court Civil Appeal No. 5 of 1999)
Cases citing this judgment (1)
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
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