Stanbic denies defying guidelines to auction Victoria Seeds’ assets

A teller counts money in a bank.  Some of Victoria Seeds’ fixed assets were publicly auctioned after following the legal process. PHOTO | FILE 

What you need to know:

  • Earlier, the managing director of Victoria Seeds Limited, Ms Josephine Okot being dissatisfied with the Stanbic Bank’s auction, wrote to President Museveni seeking his intervention.

Stanbic Bank has disputed  allegations that they defied presidential orders limiting movement during Covid-19 lockdown and auctioned Victoria Seeds Limited’s assets.


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