Masinde v Finance Trust Bank & 2 Others
Masinde v Finance Trust Bank & 2 Others (Civil Suit 756 of 2017) [2024] UGCommC 290 (20 May 2024)
The Plaintiff established an equitable interest in the suit land by virtue of purchase, actual possession, and utilization since 2000. The sale transaction between the 3rd and 2nd Defendants was valid as to registered title, but the Plaintiff's equitable interest remained protected and binding on the new owner. The mortgage transaction between the 1st and 2nd Defendants was illegal because the Plaintiff's overriding interest as a lawful occupant was not disclosed or respected, and the bank failed to conduct adequate due diligence, resulting in constructive notice of the Plaintiff's rights. Th…
Source excerpt
- Mailo Land Tenure
- Kibanja Rights
- Mortgage Validity
- Constructive Notice
- Injunctive Relief