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Stanbic, businessman in Shs 11bn legal standoff May 5, 2021 Written by Derrick Kiyonga The Cessna 5X-AMC at the centre of the legal battle is now flying in DR Congo Hardly three months after the Commercial court found senior employees of Stanbic bank complicit in illegally selling mortgage securities to themselves, a businessman is pinning the bank staff for frustrating his loan repayment so that they sell off his assets worth more than $3m [Shs 11 billion]. The Observer has obtained court documents and correspondences in which Ronald Lubega Kasozi, through his company Asante Aviation, implicates Stanbic bank staff in a plot to frustrate his loan repayment so that his two aeroplanes and a h ....
Stanbic to pay out Shs110b dividend amid Covid-19 Friday January 01 2021 Summary In a notice issued and signed by Mr Andrew Mashanda, chief executive officer, Stanbic Uganda holdings limited, the company announced that it had received regulatory approval for the dividend payout. Advertisement Stanbic Uganda holdings Limited, the holding company of Stanbic bank, Stanbic Properties limited and Stanbic Business Incubator, has reversed its July resolution and announced that it will in April pay out the final dividend of Shs110b to its shareholders for the period ended December 31, 2019.
In a notice issued and signed by Mr Andrew Mashanda, chief executive officer, Stanbic Uganda holdings limited, the company announced that it had received regulatory approval for the dividend payout. ....