Ham Loses Supreme Court Appeal, Case Returned To High Court


Share post:

Hamis Kiggundu, known as Ham, lost his Supreme Court appeal when six judges unanimously ruled that DTB Uganda and DTB Kenya’s Shillings 120 billion loan was legal.

In Hamis Kiggundu vs. DTB Kenya, Kiggundu claimed that DTB Kenya had no permission to operate in Uganda when it came to debt repayment, which DTB Uganda recovered for its Kenyan counterpart.

On June 13, 2023, the Supreme Court unanimously ruled that the loan facility was legitimate and ordered Ham to pay 50% of court costs.

“In the instant case before this Court, the 2nd Respondent (DTB Kenya) is neither licensed nor regulated to carry out financial institution business in Uganda; hence, its appointment of the 1st Respondent (DTB Uganda) as its banking agent could not have been so done under the provisions of the Financial Institutions (Agent Banking) Regulations, 2017,” the ruling read.

Second, the 1st Respondent, as an entity licensed to conduct financial institution business in Uganda, could have been appointed a banking agent of the 2nd Respondent under the Financial Institutions Act, 2004, as amended, and the Agent Banking Regulations of 2017.


The ruling continued that the Financial Institutions Act, 2004, as amended, and the Financial Institutions (Agent Banking) Regulations, 2017, did not govern the relationship between these two banking institutions and the appellants regarding financial credit transactions.

So, the Supreme Court looked at all the facts and sent the case to the High Court for trial, minus the question of whether or not it was legal.

In the appeal, Kiggundu said that DTB Uganda and DTB Kenya took more than 120 billion from his bank accounts under the guise of paying back a loan he had taken out with the banks, even though he had already paid back the loan in full.

Judge Peter Adonyo told DTB to give Ham back all the money that was taken out of his account.

Related articles

Senator Bob Menendez Indictment: Why Uganda, Africa Should Shun Bobi Wine, Similar Politicians

New Jersey Senator Bob Menendez was indicted on September 22, 2023, marking the second time in a decade...

Uganda’s Potential Benefits as Co-Host of AFCON 2027

Uganda is set to host AFCON 2027 alongside Kenya and Tanzania under the Pamoja Bid project, the Confederation...

Pamoja Bid: A Breath of Life to East African Sports

On Wednesday, September 27, 2023, the three East African countries, including Uganda, Kenya, and Tanzania, taped into waves...

CDF Urges Newly Passed-Out Air Force Officers to Uphold Integrity

Gen. Wilson Mbasu Mbadi, the Chief of Defence Forces (CDF), has urged the newly passed-out officers to desist...