The Board of DFCU bank has suggested that no profits should be extended to the shareholders in the wake of enlisting a drop in profits of Shs11 billion last year. The banks General Manager George Ochom, said the board saw it wise not to dispense any dividends to shareholders so that it can keep the…
DFCU bank has announced that shareholders of former Crane Bank Limited have filed a claim in the English High Court over its takeover of some assets and liabilities of the bank in 2017. This website understands that DFCU Bank is a subsidiary of DFCU Limited. Arise BV, and the majority shareholder in DFCU Limited is…
Rukh-Shana Namuyimba has resigned her role as DFCU Manager Communications and Events, a position she has held for the last four and a half years. Rukh-Shana throws in towel after holding the above position for four and a half years full of total mess following bank’s multi-scandals that have seen it losing reputation and millions…
Former employees of Crane Bank Limited (CBL) which was fraudulently taken over by Bank of Uganda (BoU) and later sold on phone have again dragged DFCU on behalf of 700 others to the High Court to compel production and inspection of several documents hitherto with held by DFCU Bank Ltd. This comes after High Court…
Struggling Dfcu bank has again come under fire for allegedly hiding corona numbers among its staffs at various branches in Kampala. Sources within Dfcu have disclosed that the bank has registered multiple undisclosed cases in the branches of Kampala Road branch, former crane chambers where three are sick so far, Ntinda capital shoppers branch where…
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…
The troubled commercial DFCU Bank of Uganda, is nursing five (5) COVID-19 infections from its staff at Lugogo Branch leaving both the management and customers at high risk of contracting the virus. According to the statement released by the Bank management, the affected staff have been accorded the requisite medical and psychosocial support and the…
DFCU Limited has announced resignation of Michael Turner as a director in the company with immediate effect. “The Board has commenced the process of nominating another person to be considered for appointment to fill the casual vacancy created by the resignation of Mr. Turner,” DFCU said in a statement on Friday. Turner joined DFCU board…
Police have arrested Elizabeth Kyosimire, a worker at dfcu Bank, following reports that she had been involved in fraudulent transfer of funds from accounts of customers. Kampala Metropolitan Police deputy Spokesperson Luke Owoyesigyire confirmed the arrest and said the suspect was arrested on May 13 on charges of embezzlement of funds totalling to Shs28 million…
The Criminal Investigations Directorate (CID) has summoned the Managing Director of Dfcu Mathias Katamba and the Kabale branch Manager Morgan Mutesasira over allegations that the duo are in connection to the theft of over She’s 70m from the customer’s deposits. According to documents this website has landed on, Ms Grace Nyakaishiki Kamuhunda petitioned the director…
