Couple loses matrimonial home as Stanbic Bank moves in to recover Shs14.3 bn
For several years, Sarick Construction Ltd and Stanbic Bank Uganda worked side by side in what appeared to be a typical banker customer relationship built on trust. Between 2019 and 2022, Stanbic advanced multiple loan facilities to Sarick Construction to finance its operations. Samuel Okurut and Gorreti Okurut, the company’s directors, personally backed the loans,…