dfcu to return crane bank branches Archives

BoU loses Court of Appeal UGX397bn case against Dr. Sudhir; could face lawsuit of up to UGX600 billion

by Muhereza KyamuteteraThe Big StoryJune 23, 2020June 23, 2020

Court of Appeal Justices, Alphonse Owiny Dollo; Cheborion Barishaki and Stephen Musota have today agreed with earlier ruling by Commercial Court Judge, Hon Mr. Justice David K. Wangutusi’s August 26th 2019 that a bank in receivership, under the Financial Institutions Act (2004) cannot sue or be sued and therefore and…

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dfcu downplays branch closure reports; declines to comment on relocation

by theceomaThe Big StoryOctober 7, 2019October 7, 2019

The embattled dfcu bank has come out to dismiss claims that it has commenced closure of 22 branches countrywide which it has termed as fake news. On Sunday, the bank issued a statement and requested the public to ignore what it refers to as non-factual stories doing the rounds on…

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Doubtful about BoU’s ability to secure former Crane Bank branches, defenseless dfcu starts vacating Sudhir properties

by Muhereza KyamuteteraThe Big StoryOctober 5, 2019October 18, 2019

Following the dismissal, by the Commercial Court, of a case in which Bank of Uganda laid claim and sought vacant possession together with released freehold certificates of titles to 48 properties belonging to Ruparelia Group, that the central Bank had illegally sold to dfcu Bank, CEO East Africa understands dfcu…

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