Uganda Case Law

Christian Rural Eye Sight Promotion v Nkengero and 4 Others (High Court Civil Suit No. 432 of 2018)

Christian Rural Eye Sight Promotion v Nkengero and 4 Others (High Court Civil Suit No. 432 of 2018) [2022] UGHCCD 58 (11 April 2022)

Court

HC: Civil Division (Uganda)

Case number

High Court Civil Suit No. 432 of 2018

Stanbic Bank Uganda Limited failed in its duty of care as a banker by not conducting adequate due diligence when opening and operating the account for Christian Rural Eye Sight Promotion. The Bank ignored obvious discrepancies in customer identification and failed to verify the legitimacy of the transaction, which resulted in the fraudulent diversion and withdrawal of Euros 40,000 intended for the Plaintiff. The Bank's conduct breached both common law principles of negligence and statutory obligations under the Anti-Money Laundering Act. The evidence established that the Bank facilitated the…

Source excerpt

• Bank Negligence
• Conversion Of Funds
• Know Your Customer
• Fraudulent Account Opening
• Duty Of Care
• Money Laundering Controls

Mody Nouhou Barry v United Bank of Africa

Mody Nouhou Barry v United Bank of Africa (Civil Suit No. 19 of 2012) [2015] UGHC 11 (7 December 2015)

Court

High Court of Uganda

Case number

Civil Suit No. 19 of 2012

Judge

Kabiito, J

The High Court held a bank liable for negligent account opening and poor AML/KYC compliance that enabled fraud, awarding damages, interest, and costs.

• Bank Negligence
• Know Your Customer
• Fraudulent Transactions
• Duty Of Care
• Damages
• Anti Money Laundering