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BoU’s lead attorney in Crane Bank saga Dr. Byamugisha passes on

KAMPALA, UGANDA: Dr. Joseph Byamugisha, a lawyer of Bank of Uganda (BoU) has passed on, the DailyExpress reports.

Dr. Byamugisha died on Tuesday morning at Nakasero Hospital where he had been admitted with an undisclosed illness.

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The Uganda Law Society announced the death of its former President in a tweet on Tuesday afternoon stating thus; “It is with our deepest sorrow that we inform you of the death of our member and past President Dr. Joseph B. Byamugisha of J.B Byamugisha Advocates.”

Dr. Byamugisha was the lead attorney in a lawsuit by the Bank of Uganda against businessman Sudhir Ruparelia in the Crane Bank case saga.

The central bank came under the spotlight after the closure of Crane Bank Limited backfired with both Parliament and the Auditor General faulting the BoU officials in the middle of the transaction. They closed Crane Bank Limited, previously one of the best performing banks before controversially transferring it to Dfcu Bank in January 2017.

At first, BoU hired city lawyers of Lule and Sebalu advocates but were later thrown out for conflict of interest and instead appointed Joseph Byamugisha to represent them in the suit against Sudhir.

Bank of Uganda, however, recently announced its withdrawal of the appeal against Dr. Sudhir and his Meera Investments, and agreed to pay billions in costs as compensation to the falsely accused.

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