Mukweli and 4 Others v Bank of Uganda and Another
Mukweli and 4 Others v Bank of Uganda and Another (Miscellaneous Cause No. 210 of 2019) [2022] UGHCCD 34 (24 January 2022)
The court found that the Bank of Uganda, as regulator, acted within its statutory mandate under Section 82(1) of the Financial Institutions Act when it directed the suspension of the applicants from Post Bank Uganda Limited. The applicants were under investigation by competent state agencies for serious offences involving dishonesty and financial loss, which justified the regulator's intervention to protect the institution and depositors. The court held that the right to a fair hearing is not absolute and may be limited in circumstances where urgent regulatory action is necessary and where th…
Source excerpt
- Judicial Review
- Natural Justice
- Suspension Of Employees
- Regulatory Powers
- Fit And Proper Test