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Sometime back, city tycoon Samuel Lotigo approached DFCU bank for a loan to finance some of his projects as usual. He has a long term relationship with the financial institution. The bank did not see any issue advancing a multibillion loan to Lotigo who has vast business interests in East Africa majorly in the sectors
High court registrar John Paul Eduko has issued an interim order directing Bank of Baroda Uganda Ltd to halt the sale of the Shumuk plant in Nakawa (Shumuk Aluminium Industries Ltd), as well as one of its prime properties in Naguru-Lugogo UMA show grounds before the final disposal of a suit Shumuk filed against it,
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In addition to mentoring many young architects, the deceased is remembered for designing and supervising the construction of many city buildings
The court held that the orders being appealed have an impact on how the main suit will proceed