DFCU Reveals That Crane Bank Was Offered To Phone By Bagyenda

KAS

Former managing director and Chief Executive Officer of the dfcu Bank, Mr Juma Kisaame, takes oath  before the Parliament’s Committee  We were contacted by Bank of Uganda and advised that they were considering resolution of Crane Bank Limited, the former managing director DFCU Bank, Juma Kisaame, told legislators on the parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE). He then said that the invite for DFCU to come and buy Crane bank was done on phone. The phone call was made by Justine Bagyenda, the former Bank of…

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Liquidity Crisis Hits Dfcu Bank Hard ,Fails to Secure loans from Bou After hitting inter Bank Borrowing Limit

D3

The situation at the troubled DFCU bank has gone from being worse to worst following a huge liquidity crisis that hit the bank in recent times. According to high ranking official at the Nakasero based bank headquarters, the managing director Juma Kisami and the board of directors have run to the Bank of Uganda for a crisis meeting. Kisami and his group requested the Central bank to put a lien on the treasury bills and help them borrow money to enable them run business. A lien is a form of…

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