1-(DFCU) GIVE CAESAR WHAT BELONGS TO HIM; Sudhir gets back his Buildings as DFCU agrees to vacate all illegally acquired and occupied Buildings.

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Confirmed and seen agreement dossiers by Xpress Times Uganda from DFCU bank boardroom is good news to businessman and tycoon Sudhir Ruparelia. To Sudhir this is another victory. DFCU Bank has finally agreed to vacate all buildings that are owned by Meera Investments and Crane Management services, companies owned by City businessman Sudhir. Relocation of branches; According to the documents that we have seen, DFCU Bank has already opened bids for companies that want to provide consultancy services during the relocation of its 22 branches in different regions around Uganda.…

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(DFCU) Telecoms MTN, Airtel and NIRA aides Bank Accounts Fraud Scam at DFCU

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BY Xpress Times Reporter Woes, woes and woes! It’s lately the order of the day at Dfcu Bank. For starters, the genesis of Dfcu’s woes dates back in 2017 when BOU gave out the Crane Bank fraudulently to the Dfcu. Crane Bank Shareholders have strongly contested their Bank’s Assets UGX1.3 trillion to DFCU at a paltry UGX200bn. Until now the Central Bank (BoU) faces Lawsuit and they must face punishment for their (BOU) sins. In May 2019 DFCU bank detected a case of fraud which was reported to CID head…

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Minister Kasaija Regrets BOU Action To Sell Crane Bank

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By Kitts D.Mabonga As the country continues to reflect on the shocking actions the Central bank undertook while  shutting down commercial banks that were not performing to expectations,a senior line minister has also poured cold water on that very transaction. While appearing before  the house committee probing the bank of Uganda sale of seven  commercial banks today, the minister of finance planning  and economic development Martia Kasaija has regretted as to why that incident happened. Kasaija told the COCASE committee chaired by Abdu Katuntu that he was disappointed that the…

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Juma Kisaame Leaves DFCU Bank Poorer, With Spoilt Relations, Unhappy Investors

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There was a time when Juma Kisaame as the Managing Director at DFCU Bank was a gem of Uganda’s banking sector but some unfortunate decisions between 2016 and 2018 have tainted his reputation and bows out unpopular. While everything was going well for Kisaame at DFCU, the unscrupulous decision to buy Crane Bank from Bank of Uganda, according to experts, was the beginning of problems for Kissame. Reports of him colluding with Justine Bagyenda to enforce the sale came live during a parliamentary inquiry. But non the less, Kisaame was…

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Youth Power Research Uganda Appreciates the Auditor Generals Reports over Closed Banks

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Earlier today the organization of you power research Uganda limited held a press conference appreciating the attorney general resolution and his report over the closed banks in few years due un professional manners In their statements the appreciated as Dear Press men and women, we welcome you to this auspicious occasion of expressing gratitude to Auditor Generals office(AG)s  for releasing rigorous report to parliament about the irregular shutdown of Crane bank (CB) and other 5 banks by Bank of Uganda. We thank you for always walking with us side by…

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