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POSTPONED: DTB, Ham case over UGX 120 billion adjourned to October 7, 2020

KAMPALA –The court case between Ham Enterprises  against Diamond Trust Bank over UGX 120bn has been adjourned for the final ruling on Wednesday, October 7, 2020.

Hamis Kiggundu, the plaintiff sued Diamond Trust Bank (DTB) in March for debting his business accounts to a tune of 120 billion  between  February 2011 –  August 2018  without his consent categorised in denominations of UGX 34bn and USD 23, 466,670.

Kiggundu  asserts thats that he has been paying his loans and interests promptly but wonders why they went on to debit  his accounts both dollar and Uganda Shillings from Kiggs International Limited and Ham Enterprises Limited which was not the matter before.

Diamond Trust Bank  has a long standing relationship with the the business man and contends that he has credit facilities worth UGX 6,663, 453  USD 4,000,000 and USD 500,000 using Ham Enterprises and Kiggs International Limited granted by Diamond Trust Bank Kenya.

According to the plaintiff’s lead lawyers comprised of Fred Muwema and Arnold they filed the dismissal by the defendant regarding the  illegality of DTB Kenya in Uganda on grounds that it has no license of operations.

The defendants are represented by senior counsel  Kiryorwa Kiwanuka and they say that the plaintiff is buying time to pay off his loans.

Recently, Hamis Kiggundu won partially regarding the 30 percent precedent of the amount demanded before the the civil suit.

The highly contentious case is being heard by the head of the Commercial Court Justice Henry Peter Adonyo.

Lately, there has been an influx of court battles between clients and their bankers which include:

– Ida May Kwesiga vs Housing Finance Bank.

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