Tushabe v Co-operative Bank Limited (Civil Appeal No. 75 of 2005)
Observed later treatment
No later-treatment classification is recorded for this judgment.
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Holding
The Court of Appeal dismissed the appeal against a High Court award of Shs. 15,000,000/= general damages for a bank's breach of its fiduciary/banker's duty. The Court held general damages are within the trial Judge's discretion and found no basis to interfere, noting no ground of appeal actually challenged that award. On interest, the Court held that where a liquidated sum is ascertained and due before suit — here an overdraft debt fixed by consent judgment — interest runs from the date the money became due, at the agreed contractual rate of 18% per annum simple interest. The Court also rejected the general, unparticularised ground alleging failure to evaluate evidence.
Outcome
Appeal dismissed with costs; High Court award of Shs. 15,000,000/= general damages and interest at 18% per annum on Shs. 96,096,307/= upheld
Facts
The appellant, a Kasese coffee businessman, held account number 3895 with the respondent bank. In October 1998 he obtained a loan/overdraft of Shs. 600,000,000/= from the bank, secured by assets exceeding Shs. 1.4 billion. In November 1998 he discovered anomalies in the management of his loan account and sought explanation, which the bank did not satisfactorily provide. After his office was burgled and documents destroyed, the bank refused to supply copies of relevant account documents, and the liquidator failed to respond to his requests. The appellant sued for special damages of Shs. 573,863,487/=, general damages, interest and costs. The bank counterclaimed. At trial the parties consented that Shs. 96,096,307/= was due and owing to the bank as at 19 May 1999 (arising from a 1998 overdraft charged at 18% per annum calculated monthly), and consent judgment was entered on 28 June 2001. The trial Judge found the bank breached its banker's/fiduciary duty and awarded the appellant Shs. 15,000,000/= general damages, with interest to the bank at 18% per annum from 19 May 1999.
Issues
- Whether the trial Judge erred in awarding the appellant Shs. 15,000,000/= as general damages instead of a higher sum.
- Whether the trial Judge erred in awarding interest at 18% per annum on Shs. 96,096,307/= in favour of the respondent from 19 May 1999.
- Whether the trial Judge failed in her duty to properly evaluate the evidence.
Orders
- Appeal dismissed.
- Costs of the appeal awarded to the respondent.
Rules and key headnotes
Legislation cited (4)
- Civil Procedure Act s.26
- Rules of the Court of Appeal r.30(1)
- Rules of the Court of Appeal r.86(1)
- Rules of the Court of Appeal r.102(a)
Cases cited (10)
- Kifamunte v Uganda (Criminal Appeal No. 10 of 1997)
- Bogere Moses v Uganda (Criminal Appeal No. 1 of 1997)
- Fr. Narcensio Begumisa and Others v Eric Tibebaga (Civil Appeal No. 17 of 2002)
- Mukisa Biscuit Manufacturing Co. Ltd vs West End Distributors Ltd
- Prem Lata vs Peter Musa Mbiyu (1965) KA 592
- Toprani v. Patel (1) [1958] B.A. at p. 349
- Eastern Radio Service v. ILJ, Patel (2)
- Y. P. Gulamlusein -v- French Somaliland Shipping Co, Ltd (3)
- Wallesleiner vs Moir (1975) 1 ALL ER 849
- Obed Tashobya v DFCU Bank (Civil Suit No. 742 of 2004)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.