A Ugandan widow has accused a bank of lending KSh 414 million to a dead man and later selling his property over failure to pay the loan.
Barbara Atukunda Sseruwu accused the Bank of Baroda of attaching and selling her matrimonial home in Nalusuga near Gayaza in Wakiso District.
“My lord, the documents on record show that Inter-Sports Uganda Limited where Seruwu was a director took the facility. He could have applied for the loan before he died,” said Ashwini Kumal, the managing director of Bank of Baroda.
However, Kumal could not explain to which account the money was deposited to and who withdrew it.
Sseruwu argued that her late husband could not have borrowed money from the bank on September 14,1994, because he died on August 28, 1994.
The deputy lead counsel, John Bosco Suuza, insisted that the mortgage deed against which the late allegedly obtained the loan, was questionable because it was signed by a dead man.
Kumal argued that the sale was at a public auction and wondered why the late man's wife had not filed the suit at that time.
The deceased's wife wants the lands commission to compel the bank to return her house because she is not convinced her late husband borrowed the money.
