By Magelah Peter Gwayaka In 2021, Absa Uganda froze both my personal and organizational accounts without any prior communication. No one reached out to explain what was happening. It felt like arrogance, like we didn’t matter enough to deserve even a basic explanation. Their compliance officer showed no interest in resolving the issue and kept…
The High Court has dismissed an application by Frontier Logistics International (U) Ltd and its director, Monte Daniels Nkurunungi Monte, seeking to compel Absa Bank Uganda to produce a valuation report for land used as collateral for a loan. Justice Susan Abinyo of the Commercial Division said Nkurunungi and his firm had failed to prove…
The Commercial Division of the High Court has ordered Otim Osker, who used to work for Absa Bank Uganda, to pay back Shs 67 million he owes the bank in unpaid loans and credit card debt. Justice Patience Rubagumya did not buy Otim’s arguments and dismissed his application. She said Otim had no solid defence….
