EQUITY BANK RWANDA Plc v DUSABE SANGANO
If a bank unfairly dismisses an employee who received a loan at a preferential employee rate, the rate remains applicable for repayment; the bank cannot benefit from its own breach by increasing the rate. Excess interest deducted due to the bank's unilateral rate increase must be refunded with accrued interest at the commercial rate used by the bank during the deduction period.
Source excerpt
- Loan agreement interpretation
- Unfair dismissal
- Interest rate adjustment
- Unfair bank deductions
- Damages for breach of contract