Articles - Banking
Articles by Category - Banking
BANK CUSTOMERS COULD BE HELD LIABLE FOR BANKING FRAUD LOSSES
Written: 25 Aug 2022
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Written by: Fiona Magona | Sonal Sejpal
Account-holders may be held liable for loss suffered due to banking fraud
On 18 July 2022, the Ugandan High Court issued a landmark decision on the liability for loss suffered due to digital bank fraud in the case of Aida Atiku versus Centenary Rural Development Bank Limited, (the defendant/bank) Civil Suit No. 0754 of 2020.
Also related to these departments: Commercial Transactions