Surveyor ordered to pay Centenary Bank Shs 520m for ‘over-valuing’ land offered as security
Katuramu & Company, a surveying firm, has been ordered to pay Centenary Bank Shs 521 million for misleading the bank into extending a loan to a client without conducting proper due diligence on the land offered as security. The case started in December 2021 when Hasifa Namulondo applied for a loan of Shs 350 million…