The Dfcu Bank was on Monday February, 3, 2018 thrown out of Meera Investment Limited Properties – starting with Crane Chambers at Kampala Road something which has made many of it’s clients run to withdraw their money due to fear of what would come next.
Trucks carrying dfcu bank belongings including chairs, teller tables among others were noticed leaving the premises and by press time, over 15 branches have been relocated to unknown areas.
However, we’ve learnt that as they Quit from Tycoon Sudhir’s Properties, Dfcu didn’t leave former Crane Bank premises in good state.
According to reports from Mbarara, the troubled Bank ran to unfinished building because of pressure hence leaving once a desirable premise without even a paint, and as if that not enough, they left doors especially one on the ATM machine in a sorry state.
Our Spy confirmed that Dfcu left many of Meera Properties in a sorry state countrywide and some of these buildings in need of urgent attention are of; Ibanda, Lyantonde, Abayita Ababiri on Entebbe Road, Nkumba, Arua, Hoima Branch among others.
We’ve further learnt that troubled Dfcu, which first downplayed the development last year will also exit more Meera Investment Properties in the coming days and “lay off part of their staffs”.
Dfcu Bank controversially acquired Crane Bank Ltd in January 2017, after the Bank of Uganda put the former under statutory management and later closed, and sold it off.
As a result, Dfcu has been caught up in the ensuing legal battle between the shareholders of Crane Bank Ltd led by city tycoon Sudhir Ruparelia and the central bank.
The bank was ordered to vacate the buildings owned by the former’s landlord Meera Investments Ltd after it clearly emerged that the Bank was misled by city Law firm Sebalu & Lule Advocates to transfer title properties.
The law firm was last year banned from representing dfcu Bank in the disputed properties after being found guilty of conflict of interest.
Governor Emmanuel Tumusiime Mutebile in the 2018/2019 annual report confirmed that dfcu Bank had indicated to the central bank that they will exit the properties in the wake of a legal suits, where city businessman has repeatedly defeated both the central bank and those conjoined in the decided court cases so far.
We tried reaching out to the Dfcu’s public relations officer for a comment but it went futile since they couldn’t pick our calls.
