back to top
HomeNewsEx-Employees Of Former-Crane Bank Take On Troubled Dfcu With Court Battles Looming

Ex-Employees Of Former-Crane Bank Take On Troubled Dfcu With Court Battles Looming

Published on

- Advertisement -spot_img
- Advertisement -spot_img

With the aggrieved filing of a civil suit, the looming legal battle between former employees of Crane Bank Limited (CBL) and DFCU bank has taken shape.

The aggrieved belief that they were hoodwinked by the new employer (DFCU) when DFCU took over CBL activities in January 2017, terminated some of their contracts, whilst others were purposely frustrated into resigning.

On Thursday, 10 members of the 625 workers filed a complaint in Kampala in the civil division of the High Court. Via the Center for Legal Assistance (CLA), they sued.

Catherine Achan, Teddy Akullo, Janet Ngwena, Mactose Arinaitwe, Edward Bukenya, and Loy Kiwumulo are their members.

Prior to this, the Bank of Uganda (BOU) took over CBL ‘s activities in October 2016, under the basis that the institution was undercapitalised and posing a structural danger to the financial sector.

Subsequently, BOU told the public in January 2017 that the properties and liabilities of CBL have been passed to DFCU.

DFCU hoodwinked them into thinking that a consolidation and transition exercise was underway, but it was a scheme to throw them out, the ex-CBL employees say.

The plaintiffs submit that, for fiscal, technical and systemic purposes, the defendant and its servants or agents used deceptive means to secure or compel the collective dismissal of former CBL employees, “the lawsuit reads in part.”

The Auditor General Report questions where sh5.1b terminal incentives are housed.

A shocking discovery was made in the Bank of Uganda ‘s Special Audit Report on Defunct Banks, published by the Auditor General in August 2018.

Related

Just In: Museveni Reshuffles Permanent Secretaries, IGG’s PS, Clerk To Parliament

President Yoweri Kaguta Museveni has announced a major reshuffle involving senior government officials, nominating...

Asaph Mweteise Nyakikuru: A General tasted and Proved for SFC top Management.

The story should go beyond simply recounting his military career. It should build a...

Asaph Nyakikuru: A Commander Shaped By Experience, Prepared For The Responsibility Of Leading Uganda’s Special Forces

From the battlefield to the highest levels of specialised military command, Major General Asaph...

Former Owino Market Leader Susan Kushaba Remanded Over TikTok Allegations Against Kampala Ministers

Kampala: Former Owino Market leader and political activist Susan Kushaba has been remanded to...

More from The Capital Times

Africa Can Feed Itself-Museveni Declares End To Food Imports With Homegrown Solutions

President Yoweri Kaguta Museveni has reiterated the importance of food self-sufficiency in Africa, stressing...

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Bobi Wine In Bloomberg ’15 People To Rock 2020′

Bloomberg has listed Kyadondo East MP Robert Kyagulanyi aka Bobi Wine among its 15...