Bank Of Uganda Is Not Immune From Litigation Under The Financial Institutions Act-Court Ruled.

Uganda's Central Bank has been unquestionably involved in a number of controversial acts under the FIA including the closure of a number of banks and the freezing of customer’s bank accounts.

Bank Of Uganda Is Not Immune From Litigation Under The Financial Institutions Act-Court Ruled.
Bank of Uganda and its officials have for a long time avoided being sued in Court for anything done under the Financial Institutions Act (FIA). The Central Bank has been unquestionably involved in a number of controversial acts under the FIA including the closure of a number of banks and the freezing of customer’s bank accounts. Most customers and proprietors of those banks found it hard to sue the bank which was insulated from litigation by the Financial Institutions Act. However, this veil of immunity has been recently lifted by the Constitutional Court in the case of emphasizing that the right to a fair hearing is non-derograble.
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