Twagira and Another v DFCU Bank Limited (Civil Suit No. 188 of 2018)
Observed later treatment
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Holding
Held that a banker-customer relationship existed between the parties. The Defendant breached its fiduciary duty by failing to provide loan amortization schedules and made erroneous debits to the Plaintiffs' accounts. However, the Plaintiffs failed to prove fraud or economic duress. The transaction was not unconscionable and the Plaintiffs took independent legal advice. The Defendant's Credit Reference Bureau report was factually inaccurate. Plaintiffs awarded USD 35,000 in general damages and UGX 5,059,880 in special damages for excess payoff. Interest waived for period when Plaintiffs were not notified of system malfunction. Defendant directed to rectify currency conversion prejudice.
Outcome
Plaintiffs' claims partly allowed. Defendant found to have breached fiduciary duty but not guilty of fraud or economic duress. Damages awarded to Plaintiffs with interest. Defendant directed to rectify currency conversion prejudice and Credit Reference Bureau report.
Facts
The Plaintiffs had a banking relationship with Crane Bank Limited, whose assets were acquired by the Defendant. In July 2014, the Plaintiffs took a demand loan facility of UGX 300,000,000 from Crane Bank, renewed in December 2015 for 12 months. In 2017, the 2nd Plaintiff was advanced a term loan facility of UGX 360,000,000, part of which was to offset the 1st Plaintiff's outstanding exposure. The 1st Plaintiff guaranteed the term loan. The Plaintiffs claimed the Defendant acted fraudulently, breached the banker-customer relationship, and exerted economic duress. The Defendant's systems failed to recognize credits to the Plaintiffs' loan account in August-November 2016, causing arrears. The Defendant debited various sums from the 1st Plaintiff's account totaling UGX 45,000,000 between March and May 2017, some to a disputed loan account. The Defendant failed to provide loan amortization schedules. The loan was disbursed in UGX instead of the requested USD. The Defendant filed an inaccurate Credit Reference Bureau report showing the loan was rejected when it was actually disbursed.
Issues
- Whether the Defendant was fraudulent in its dealings with the Plaintiffs.
- Whether the Defendant acted contrary to its mandate hence breaching the Banker Customer relationship between the parties.
- Whether the Defendant exerted economic duress on the Plaintiffs to secure execution of the refinancing transaction by the Plaintiffs.
- Whether the parties are entitled to the remedies as prayed for.
Orders
- The Plaintiffs are collectively awarded USD 35,000 in general damages.
- The 2nd Plaintiff is awarded special damages of UGX 5,059,880 being excess payoff retained by the Defendant without authorisation.
- Interest shall be payable on general damages at the rate of 23% per annum from the date of judgment until payment in full.
- Interest on special damages at the rate of 23% per annum from the date of draw down (31 August 2017) until payment in full.
- Interest that accrued against the 1st Plaintiff from August 2016 to 27 February 2017 is waived.
- The Defendants are directed to make adjustments to rectify the prejudice in value occasioned to the Plaintiffs by the unilateral change of the loan denomination currency from USD to UGX, under the auspices of an independent audit entity agreed upon by both parties and procured at the cost of the Defendants.
- Each party shall bear its own costs.
Rules and key headnotes
Legislation cited (5)
- Bank of Uganda Financial Consumer Protection Guidelines 2011 Part II
- Bank of Uganda Financial Consumer Protection Guidelines 2011 Guideline 6(1)(b)(i)(iv)(v)(vi)(vii)(viii)(ix)
- Evidence Act s.91
- Evidence Act s.101(2)
- Companies Act 2012 s.53
Cases cited (34)
- Foley v Hill (1848) 2 HL Cas 28
- UBAF Ltd v European American Banking Corporation [1984] 2 All ER 226
- Donoghue v Stevenson [1932] All ER 1
- Marchiani v Parliament (C-566/14 P)
- Nilecom Limited v Kodjo Enterprises Limited (HCCS No. 18 of 2014)
- Pao On v Lau Yiu Long [1980] AC 614
- Pao On v Lau Yiu Long [1980] AC 614
- Tate v Williamson (1866) LR 2 Ch App 55
- National Westminster Bank v Morgan [1985] 1 All ER 821
- Allcard v Skinner [1886-90] All ER 90
- Credit Lyonnais Bank Nederland NV v Burch [1997] 1 All ER 144
- Candiru Asina Binna v Centenary Rural Development Bank Limited (CS No. 22 of 2016)
- Joachimson v Swiss Bank Corpn
- Swift v Jewsbury (1874) LR 9 QB 301
- Fredrick J.K. Zaabwe v Orient Bank Limited (SCCA No. 4 of 2006)
- Muse AF Enterprises Co. Ltd v Billen General Trading Ltd & 2 Others (CS No. 102 & 271 of 2013)
- Ratilal Gordhandhai Patel v Laljimakanji (1957) EA 314
- Royal British Bank v Turquand (1856) All ER 435
- Arinaitwe v Africana Clays Limited (HCCS No. 376 of 2013)
- Stephen Seruwagi Kavuma v Barclays Bank (U) Ltd (Misc. Application No. 634 of 2010)
- Haji Asuman Mutekenga v Equator Growers (U) Limited (SCCA No. 7 of 1995)
- Dharamshi v Karsan [1974] 1 EA 41
- Stanbic Bank Uganda Limited v Haji Yahaya Sekalega (CS No. 185 of 2009)
- Kamuntu Anthony v Hajat Zam Sendagire & Attorney General (CS No. 188 of 2019)
- Joseph Musoke v Departed Asian Property Custodian Board and Another (SCCA No. 1 of 1992)
- Sarah Watsemwa Goseltine and Another v Attorney General (CS No. 675 of 2006)
- Bank of Uganda v Betty Tinkamanyire (SCCA No. 12 of 2007)
- Transtel Limited and Another -v- Mahi Computers & Appliances Ltd and Another
- Kayonza Distributors v Attorney General (CS No. 211 of 2008)
- H L Bolton (Engineering) Co Ltd v T J Graham & Sons Ltd [1956] 3 All ER 624
- Portman Building Society v Dusangh [2000] Lloyd's Rep Bank 197
- Cresswell v Potter
- Irvani v Irvani
- Assist (U) Ltd v Italian Asphalt and Haulage & Amt. (HCCS No. 1291 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.
- [2026] UGCOMMC 266
Full judgment
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