Court Wants BOU To Explain Why Dfcu Has Not Paid Former Crane Bank Client

BOU

Bank of Uganda has been ordered to appear before the Bailiffs and execution division of the high court to explain why the money of a former Crane Bank employee being held in dfcu bank has not been paid as ruled by a high court about two months ago, The Spy Uganda reported quoting a garnishee order nisi issued by court.

The former Crane Bank employee Ismail Shakil Pathan sued Bank of Uganda and dfcu bank indicating that wrongful deductions had been made on his account which had also been blocked without his knowledge. The deductions and blockage reportedly happened at a time Crane Bank had been sold to DFCU Bank by the central bank.

The high court commercial division ruled in his favor indicating that over a period of one year about Shs62m had been wrongfully deducted from his account and that during the same period he was denied access to the rest of his income.

Court also directed BoU and dfcu bank to pay him the Shs62m and an extra Shs20m as general damages and warned that any delay would attract a 21% interest per annum on the Shs62m and 6% per annum on the Shs20m for damages.

Through his lawyers, Pathan took the matter to the bailiffs and execution division indicating that since January when the ruling was made, no money has been paid to him.

Her worship Flavia Nabakooza of the bailiffs and execution division has now directed BoU and dfcu to appear before her on the 4th of next month to show why they have not yet paid Pathan his money and why taxed costs amounting to Sh17m have also not been cleared as directed.

“An Order Nisi doth issue against the garnishee to appear before this Honourable Court on the 4th day of June, 2019 at 11:30 AM to show why the sum it holds on the judgnebt debtor’s account should not be attached and paid to the judgment creditor in satisfaction of the decretal sum of UGX. 62,000,0001= (Uganda Shillings Sixty Two Million Only), general damages of UGX.20,000,000= (Uganda Shillings Twenty Million Only), interest of 21% per annum on the UG X.62,000,000= from April 2016 till payment in full, interest at 6% per annum of UGX.20,000,000 from judgment date till payment in full and taxed costs of UGX. 17,791,0001= (Uganda Shillings Seventeen Million Seven Hundred Ninety One Thousand Only) all arising from High Court (Commercial Division) Civil Suit No. 236 of 2017. Costs of this application are to be met by the judgment debtor,” ordered the court

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