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Daily Monitor
Wednesday February 17 2021
. Stanbic Bank has filed a notice of appeal in which it seeks to challenge a decision that implicated it and seven of its staff in an illegal transfer of a client’s mortgaged properties.
Summary
Justice Richard Wejuli Wabwire ruling
It is my finding that the sale of the applicant’s securities to . a company incorporated on February 3, 2020, three months after the advert for sale in November 2019 and barely a month before sale on February 26, 2020, was merely a side show and a shabby disguise intended to circumvent the provisions of the Mortgage Act.”
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Stanbic Bank has filed a notice of appeal in which it seeks to challenge a decision that implicated it and seven of its staff in an illegal transfer of a client’s mortgaged properties.