THE REPUBLIC OF UGANDA

IN THE HIGH COURT OF UGANDA AT KAMPALA

HCT-00-CV-CS-0264 OF 2003

KAMAGARA HERBERT:::::::::::::::::::::::::::::::::::::::PLAINTIFF

 VERSUS

STANBIC BANK UGANDA LIMITED:::::::::::::::::::::::DEFENDANT

BEFORE:  HON. LADY JUSTICE ELIZABETH MUSOKE

JUDGEMENT

Herbert Kamagara, the plaintiff herein, sued Stanbic Bank (U) Limited, (the defendant) for Shs. 17,501,596= stated to be the unpaid balance of his terminal benefits upon termination of his employment with the defendant through voluntary retirement plus interest thereon at Commercial rate of 20% per annum from 28^th February 2003, the effective date of retrenchment, and costs of the suit.

The facts giving rise to the claim, as pleaded in the plaint, and admitted by the defendant, are to be found in the following paragraphs of the plaint:

“4.     The facts upon which the claim is based are that at all material times the plaintiff was an employee of Uganda Commercial Bank Limited (UCBL) and had been so employed since 16^th January, 1984.

5.       Sometime in the year 2001 the bank of Uganda pursuant to its statutory powers invited bids from reputable firms for the purchase of UCBL.A letter issued to all staff by the Governor bank of Uganda dated 21^st September is annexed hereto marked

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