KAMPALA – Eunice Nabadda Kayondo, the administrator of the estate of the late Dan Kayondo, has taken ABSA Bank to court over allegations of misappropriating funds from her father’s bank account.
In her lawsuit filed in the High Court Civil Division in Kampala, Nabadda claims that she was appointed by the court to manage her father’s estate, including his bank account held at ABSA Bank’s Luwum Street Branch in Kampala.
According to Nabadda, she presented the necessary documents to the bank, which verified and approved her as the sole signatory of the account.
She alleges that the bank took all necessary requirements, including her telephone number, to be used for subsequent notifications and alerts.
Nabadda claims that she found Shs40m in the account when she took over, but was shocked to discover that the balance had dwindled to Shs3m when she checked recently.
Nabadda insists that she never withdrew any money from the account and accuses the bank of breaching the trust she placed in them.
She claims that the bank’s actions have caused her great loss and mental anguish, and is seeking general damages of Ug Shs100, 000, 000. Additionally, she is demanding special damages and wants the court to order the bank to return the Shs40m allegedly removed from the account without her knowledge.
“The plaintiff shall aver and contend that the acts and omissions of the defendants (bank) affected the Estate adversely and shall seek general damages of Ug Shs100, 000, 000,” the lawyers stated in their plaint.
ABSA Bank, through their lawyers led by David Mpanga, has denied all allegations, stating that they were not aware of any fraud. The bank claims that they followed all necessary procedures and protocols in managing the account. The case is ongoing, with both parties presenting their arguments in court.
