Dfcu Bank, had to pay William Sekabembe a 47% salary increment to stop him from crossing to rival KCB Bank, where he had been offered a Managing Director role, we have learnt.
According to our deep sources at dfcu, Sekabembe, the Chief of Business & Executive Director, effective this September 2018, had his basic salary increased from Shs38,035,800 in August 2018 to Shs56,000,000.
He was to cross to KCB at the end of September 2018.
The media first reported about Sekabembe’s exit in July and back then dfcu vehemently denied the story, blaming it on malicious sources. However Sekabembe himself did not deny the story, but chose not to respond media inquiries by this website.
Sekabembe, the Chief of Business & Executive Director, effective this September 2018, had his basic salary increased from Shs38,035,800 in August 2018 to Shs56,000,000.
According to our sources, Sekabembe, upon receiving the juicy offer from KCB, served dfcu, a 3-months’ notice that was due to expire at the end of September. However, after negotiating and securing the hefty pay rise, Sekabembe on September 5th 2018, had a change of heart and wrote to the Head Human Resource at KCB Bank declining the offer.
In a letter titled “Decline for the Job Offer of Managing Director at KCB Bank Uganda Limited