Ssemaganda & Another v Bank of Africa & Another (Civil Suit 185 of 2015)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The court held that the sale of mortgaged property by Bank of Africa to the 2nd defendant was unconscionable and irregular due to failure to serve valid notice of default (forged signature) and notice to sell, valuation irregularities, and non-compliance with Mortgage Act 2009 statutory requirements. The 2nd defendant's title was upheld as he was a bona fide purchaser for value without notice under s.29 Mortgage Act. The bank was ordered to pay the plaintiffs UGX 915,528,445 as fair compensation, plus aggravated damages (UGX 20 million), punitive damages (UGX 80 million), and general damages (UGX 80 million), with interest.
Outcome
Judgment entered for Plaintiffs against 1st Defendant with substantial monetary compensation and damages; suit against 2nd Defendant dismissed; Counterclaim by 1st Defendant dismissed
Facts
The plaintiffs, trading as Holyways Hostel, obtained credit facilities totaling UGX 507,490,364 from Bank of Africa secured by mortgages over their properties at Nalumunye (Plot 238 Block 347) and Kireka (Block 232 Plot 1074). The Kireka property was valued at UGX 925,000,000 in July 2011. Due to economic hardships and high interest rates, the plaintiffs defaulted on loan repayments. The bank purportedly served notice of default dated 21st March 2012, but the plaintiffs contended the signature on the notice was forged. On 31st December 2013, the bank sold the Kireka property to the 2nd defendant by private treaty for UGX 400,000,000 based on a December 2013 valuation of only UGX 212,000,000 (forced sale value). The plaintiffs discovered the sale in February 2014 when they were evicted and found the property had been transferred. They alleged multiple irregularities including forged notices, wrong addresses, inadequate valuation, and non-compliance with statutory procedures.
Issues
- Whether the sale of the Plaintiffs' property comprised in Block 232 Plot 1074 land at Kireka was unconscionable?
- Whether the 2nd Defendant's certificate of title is liable for cancellation?
- Whether the Plaintiffs are entitled to the remedies prayed for in the Plaint?
- Whether the 1st Defendant is entitled to the sum claimed in the Counterclaim?
Orders
- Suit against the 2nd Defendant dismissed with costs paid by the 1st Defendant.
- Sale of the Plaintiffs' property comprised in Block 232 Plot 1074 land at Kireka by the 1st Defendant to the 2nd Defendant declared unconscionable and irregular.
- 1st Defendant found to have not been fair, reliable and transparent in its dealings with the Plaintiffs as consumers contrary to Bank of Uganda Consumer Protection Guidelines 2011.
- 1st Defendant to pay the Plaintiffs UGX 915,528,445 as fair and adequate compensation for deprivation of their right to property comprised in Block 232 Plot 1074 land at Kireka.
- 1st Defendant to pay aggravated damages of UGX 20,000,000 to the Plaintiffs.
- 1st Defendant to pay punitive/exemplary damages of UGX 80,000,000 to the Plaintiffs.
- 1st Defendant to pay general damages of UGX 80,000,000 to the Plaintiffs.
- Interest on compensation at 18% per annum from 31st December 2013 till payment in full.
- Interest on aggravated, punitive and general damages at 6% per annum from date of judgment till payment in full.
- 1st Defendant/Counterclaimant to pay costs of suit and Counterclaim.
- Counterclaim dismissed with costs to the Counter-Defendants.
Rules and key headnotes
Legislation cited (10)
- Mortgage Act 2009 s.19
- Mortgage Act 2009 s.20
- Mortgage Act 2009 s.26
- Mortgage Act 2009 s.29
- Mortgage Regulations 2012 r.8
- Mortgage Regulations 2012 r.10
- Mortgage Regulations 2012 r.11
- Civil Procedure Rules O.9 r.10
- Financial Institution (Credit Classification and Provisioning) Regulations SI. No. 43 of 2005
- Bank of Uganda Consumer Protection Guidelines 2011
Cases cited (12)
- Makula International Ltd v His Eminence Cardinal Nsubuga and Another [1982] HCB 11
- Benjamin Leonard Macfoy v United Africa Company Ltd (Privy Council Appeal No. 67 of 1990)
- General Parts Uganda Limited v Non-Performing Assets and Recovery Trusts (SCCA No. 5 of 1999)
- Fredrick J. K. Zaabwe v Orient Bank and Others (Supreme Court Civil Appeal No. 4 of 2006)
- Rookes v Barnard [1964] ALL ER 367
- Ahmed El Termewy v Hassan Awdi and 3 Others (HCCS No. 95 of 2012)
- James Fredrick Nsubuga v Attorney General (ACCS No. 13 of 1993)
- Kibimba Rice Ltd v Umar Salim (SCCA No. LOL 1992)
- Uganda Commercial Bank v Kigo [2002] 1 EA 305
- Uganda Revenue Authority v Stenses Sterner Mabosi (SCCA No. 1 of 1996)
- Harbutt's Plasticine Ltd v Wyne Tank & Pump Co Ltd [1970] 1 Ch 447
- Omunyokol Akol Johnson v Attorney General (SCCA No. 6 of 2012)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.