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DTB left with stains of illegality in the Court of Appeal judgment
May 12, 2021 Written by Fred Muwema
There was a mood of high expectation when we assembled at the Court of Appeal (COA) to receive its judgment in the appeal filed jointly by Diamond Trust Bank Uganda and Diamond Trust Bank Kenya against Ham Enterprises and two others.
DTB Kenya had run to the COA seeking to overturn the decision of Justice Dr Henry P Adonyo, the then head of the Commercial court who had rightly found that the credit transaction which the bank had concluded with Ham was illegal for being in contravention of S.117 of the Financial Institutions Act 2004 (as amended).