BoU sacks Ssebalu & Lule advocates, gets new lawyers

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By Kagenyi Lukka

The Bank of Uganda has got rid of Sebalu & Lule Advocates, its former lawyers who were on April 29, declared conflicted by court and therefore unfit to represent the institution in a case against city businessman Dr Sudhir Ruparelia.

BoU instead appointed veteran advocate Joseph Byamugisha to represent them.

In a May 17 notice to the High Court, the central bank said it had instructed Byamugisha through his Byamugisha & Co. Advocates and that they had kicked out Sebalu & Lule Advocates.

This was instructed in April 30 ruling by Justice Paul Gadenya Wolimbwa, saying the law firm had relevant information of the applicant.

The judge ordered the respondents to “pay costs of this application”.

Dr Sudhir who is seeking orders to dismiss an earlier suit brought against him and his Meera Investments Ltd, has been in a similar situation before.

In December 2017, the Commercial Court disqualified city lawyers Kanyererezi Masembe and David Mpanga from the Sh397bn Dr Sudhir’s case against Bank of Uganda (BoU), also citing conflict of interest.

Dr Sudhir and Bank of Uganda are struggling over the closure of Crane Bank Ltd which he says was rushed and illegally done.

The central bank in October 2016 closed Crane Bank Ltd and sold it to dfcu Bank in January 2017 for Shs200bn.

The central bank this week further allowed dfcu to keep assets and liabilities of Crane Bank for another 24 months.

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