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    Tycoon Nzeyi Losses Petition Against Sale Of His NBC Bank To Tycoon Sudhir’s Defunct Crane Bank…..

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    L-R: BOU Governor Mutebile, tycoons Nzeyi and Sudhir

    City tycoon and also the former shareholder of the defunct National Bank of Commerce, Amos Nzeyi has lost a petition in the Constitutional Court, where he was challenging the bank of Uganda’s actions to sale his bank to defunct Crane Bank owned by Sudhir Ruperalia.

    In 2012, Nzeyi petitioned Constitutional Court insisting that his bank was closed illegally without hearing his side, the bank’s assets were all sold to tycoon Sudhir and his Crane Bank.

    In their judgement delivered on Tuesday, Constitutional court Justices led by Justice Kenneth Kakuru, Justice  Geoffrey Kiryabwire, Justice Cheborion Barishaki, Justice  Ezekiel Muhanguzi and Justice Stephen Musota dismissed Nzeyi’s petition with no costs.

    The justices also ruled that National Bank of Commerce was legally wound up and their sale to Crane bank followed all the required procedures.

    The Justices noted that the petitioner failed to provide substantial evidence against Bank of Uganda but only generalized his submissions without pointing out the legal issues.

    Justice Kiryabwire explained that Bank of Uganda’s speedy move to wind up National bank of Commerce was necessary because it had to give confidence to the banking sector and the general public that the financial sector is still in its control.

    He insisted that the decision to wind up the bank was not done in one day.

    Justice Cheborion Barishaki reasoned that time is very essential in regulating financial institutions due to the uniqueness of the business that banks operate.

    The soft-spoken man from Sebei further reasoned that the closure of National bank of Commerce was done in the interest of the public interest and to achieve stability within the banking sector by maintaining good prudential control, authorized by the constitution.

    He said that Bank of Uganda followed and exercised all the powers granted to it by the Financial Institutions Act (FIA) and it did so for the proper purpose of avoiding damage to the financial system which would have been occasioned by the possible collapse of the said bank.

    Barishaki wondered why the petitioner and his lawyers decided to petition the Constitutional Court instead of petitioning the High Court for Judicial Review.

     

    By Sengooba Alirabaki

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    MY MONEY

    Where Did Our Data Go? – MTN, AIRTEL Dragged To Court Over Illegal Consumption Of Customer’s Data During Internet Shut Down…

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    Airtel Uganda Managing Director Manoj Murali (L) and MTN CEO Wim Vanhelleputte (R)

    Airtel and MTN, the top two Telecommunication giants in Uganda have been dragged to the High Court Civil Division over illegal consumption of customer’s data during the internet shutdown.

    Controversial city lawyer Hassan Male Male Mabirizi wants High Court Judge Boniface Wamala to declare that  the action of the respondents, to remove subscribers’ internet data bundles between 12th – 18th January 2021 yet social media platforms and the entire internet was shut down infringed on their rights.

    Mabirizi is also seeking for a permanent injunction restraining the respondents from any further or future consumption of his and other subscribers’ internet data bundles when social media platforms and the entire internet are shut down.

    He also wants the Court to issue an order compelling the Respondents to refund his and other subscribers’ internet data bundles chopped between 12th – 18th January 2021 when social media platforms and the entire internet were shut down.

    Mabirizi wants the Court to award general damages to him and other subscribers’ whose internet data bundles were consumed on the said days.

    Both telecommunication companies issued a statement noting that it was the government that issued a directive against them to shut down the internet over violence threats during the general elections. They however did not explain why most subscribers lost their data bundles during the days when the internet was totally off.

    Airtel and MTN have 14 days to file their defense.

     

    By Sengooba Alirabaki

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    Judge Who Awarded Tycoon Ham Kiggundu Shs120bn In Battle With DTB Bank Transferred To Remote Soroti City…

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    Businessman Hamis Kiggundu with his lawyer Fred Muwema. Right is Justice Adonyo

    Speculations have already started among the legal fraternity and the general public questioning why the Principal Judge Flavian Zeija, who is also the head of High Court judges transferred the soft spoken senior commercial judge Henry Peter Adonyo to remote Soroti city as the Resident judge.

    Justice Adonyo’s name dominated the news when he dismissed Diamond Trust Bank’s (DTB)  Shs120bn case with 8 percent  interest against controversial city tycoon Hamis Kiggundu, the proprietor of Ham Enterprises Limited on technicality.

    In his ruling to stay of execution, Justice Nzeija cited corruption in Kiggundu’s case and revealed that a number of people approached him asking him to name his price before making his ruling even though he didn’t mention which party tried to bribe him.

    Ham protested Justice Nzeija’s action to stay of execution and dragged him to the Judiciary’s disciplinary body, the Judicial Service Commission.

    In his ruling, Justice Adonyo stated that Diamond Trust Bank (DTB) Kenya where Ham borrowed Shs120bn was not licensed to carry out any commercial transaction in Uganda because it contravened the Financial Institutions Acts of both Uganda and Kenya hence lacked locus to sue.

    Adonyo agreed with Kiggundu’s lawyers led by senior counsel Fred Muwema that it was illegally for the bank to withdraw money from Ham’s account without his consent.

    During the same transfer, over 28 Judges were transferred to different stations, seasoned electoral petitions legal giant turned High Court Judge Musa Sekaana was promoted to head the Civil Division Court of the High Court in Kampala.

    Many observers welcomed the move stating that Sekaana’s experience is going to help especially at this time when Courts are waiting for electoral petitions.

    Sekaana represented a number of politicians including the independent Electoral Commission in the previous elections petitions.

     

    By Sengooba Alirabaki

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    How First Son Lt. Gen. Muhoozi Saved Kabushenga From Losing Juicy Job At Vision As CEO…

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    Vision Group CEO Robert Kabushenga

    It has been not an easy task for the first family to convince president Yoweri Museveni to renew the contract of Robert Kabushenga, the Chief Executive Officer (CEO) of vision group.

    Multiple credible sources have intimated to theGrapevine that for almost a year, Kabushenga has been running from one office to another pleading to those he thinks can convince President Museveni to renew his contract.

    “The man spent almost two days at Gen Salim Saleh’s home pleading to him to convince his brother to renew his contract until he told him that he had failed to persuade the old man,” one of Kabushenga’s best friends at vision group revealed.

    He added that Gen Saleh’s statements didn’t make the humble Kabushenga to give up.

    He decided to run to other first family members and the target was Lt. Gen. Muhoozi Kainerugaba, the first son, senior advisor to the president and also the commandant of the Special Forces Command (SFC).

    Sources revealed that several meetings were held between Kabushenga, Muhoozi and a one Alice Kaboyo, a close relative to Museveni on how they can convince the old man to renew Kabushenga’s contract.

    After several secret meeting, Kabs’ contract was renewed for two more years as the head of the vision group.

    Sources intimated to theGrapevine that even though Kabushenga’s contract was renewed, he was told that President Museveni is not happy with the way he has been running affairs at vision group.

    His peers advised him to make sure that by the end of the 2021 elections, the old man from Rwakitura is happy with his performance.

    Sources at vision group disclosed that for the last one year, since the expiry of his contract, Kabushenga has been a very frustrated boss, he has been spending much of the time out of office moving from one office to another in a bid to save his job.

    Recently, Kabushenga’s longtime enemy Joseph Tamale Mirundi who also doubles as the senior presidential advisor on media warned that Kabushenga should leave vision group.

    Mirundi has been moving from one radio station to another saying that Kabushenga refused to vacate office even though his contract expired and that President Museveni directed SFC commandos to go and evict him.

     

    By Sengooba Alirabaki

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