Katureebe says more judges will have to be recruited and deployed in the Commercial and Civil Division of the High Court to return the idle funds in public circulation. He says the four judges in the Land Division of the High court alone have 9,020 cases to preside over.
More than Shillings 3 trillion is locked up in disputes
before the Commercial court and High Court Land Division, URN has learnt. According
to Chief Justice Bart Katureebe, the judiciary is struggling to free the money
from disputes due to human resource gaps in the two courts.
The money that could have been used for investment and
development of the country is trapped in disputes related to insurance, banking
and transportation, land registration and other commercial transactions.
The Commercial Division of High Court only handles cases
valued at more than Shillings 50 million while the Civil Division of High Court
handles disputes worth more than Shillings 10 Million and other small claims.
Katureebe says more judges will have to be recruited and
deployed in the Commercial and Civil Division of the High Court to return the
idle funds in public circulation. He says the four judges in the Land Division
of the High court alone have 9,020 cases to preside over.
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According to the Chief Justice, his office has asked World
Bank to commission a survey on the loss resulting from inadequate investment in
the justice sector on the country.
Moses Ogwal, the Chief Executive Officer of the Private
Sector Foundation, says return on investment of Shillings 3 trillion is
estimated at between Shillings 15 and 18 Trillion.
Mugabo, the Senior Communications Officer of the Judiciary told URN that the
Commercial court has a backlog of 1, 671 cases. URN understands that some of the cases locking huge sums of
money include the dispute between Church of Uganda and Land Coin Limited worth
Shillings 48 billion and that between Bank of Uganda and Tycoon, Sudhir
Ruparelia in the sale of Crane Bank facilities to DFCU.
Land Coin accuses the Board of Trustees Church
of Uganda for failing to pay consultation fees for valuing church land in
Entebbe municipality. City businessman, Sudhir Ruparelia and his company,
Meera Investments accuse BoU of fleecing Crane Bank of Shillings 397 billion in
fraudulent transactions and transfers during the sale of his Crane Bank to DFCU