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    Lusanja-Kiteezi Garbage Avalanche Destroys Homes and Many Feared Dead After Heavy Rain

    Lusanja-Kiteezi Garbage Avalanche Destroys Homes and Many Feared Dead After Heavy Rain

    Deputy IGG Warns Against Celebrating Corrupt Officials

    Deputy IGG Warns Against Celebrating Corrupt Officials

    ‘No degree, no teaching’: Uganda’s National Teachers Bill Proposes Stricter Regulations and Penalties

    ‘No degree, no teaching’: Uganda’s National Teachers Bill Proposes Stricter Regulations and Penalties

    Uganda’s Health Ministry Faces Funding Shortfalls, Limits Medical Intern Deployment

    Uganda’s Health Ministry Faces Funding Shortfalls, Limits Medical Intern Deployment

    Northern Uganda Legislators Defend Regional Parliamentary Sittings Against Opposition Criticism

    Northern Uganda Legislators Defend Regional Parliamentary Sittings Against Opposition Criticism

    Busuulu Reforms Aim to End Tenant Exploitation by Landlords

    Busuulu Reforms Aim to End Tenant Exploitation by Landlords

    M23 Rebels Seize Ishasha Border, Forcing Congolese Security to Flee to Uganda

    M23 Rebels Seize Ishasha Border, Forcing Congolese Security to Flee to Uganda

    Youth Protester Recounts Harrowing Experience After Anti-Corruption March

    Youth Protester Recounts Harrowing Experience After Anti-Corruption March

    Government Faces Criticism Over Funding Priorities Amid Medical Interns’ Protests

    Government Faces Criticism Over Funding Priorities Amid Medical Interns’ Protests

  • Politics
    Bobi Wine Earns Law Degree After Seven-Year Journey, Overcomes Challenges

    Bobi Wine Earns Law Degree After Seven-Year Journey, Overcomes Challenges

    39,000 Voters Petition to Censure Bukooli Central MP Solomon Silwany

    39,000 Voters Petition to Censure Bukooli Central MP Solomon Silwany

    Ugandans Urged to Reject Special Privileges for Retired Politicians

    Ugandans Urged to Reject Special Privileges for Retired Politicians

    Opposition Unveils Shs43 Trillion Alternative Budget: Prioritizing Accountability and People-Centered Approach

    Opposition Unveils Shs43 Trillion Alternative Budget: Prioritizing Accountability and People-Centered Approach

    NUP ready to reconcile with Mpuuga–LOP Joel Ssenyonyi

    NUP ready to reconcile with Mpuuga–LOP Joel Ssenyonyi

    Confusion Over NUP’s Secret Constitution Amid Leadership Disputes

    Confusion Over NUP’s Secret Constitution Amid Leadership Disputes

    Lubega Vincent Wins Makerere University’s 90th Guild Presidency

    Lubega Vincent Wins Makerere University’s 90th Guild Presidency

    Competition Heats Up for Dokolo District Woman Representative Seat

    Competition Heats Up for Dokolo District Woman Representative Seat

    JEEMA Spokesperson Accuses Robert Kyagulanyi of Betrayal, Contemplates Withdrawing Support

    Outrage in Parliament as Bobi wine Alleges MPs Received Bribes for Budget Approval

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    Singer A Pass Denies Performing at President Museveni’s Welcoming Event

    Singer A Pass Denies Performing at President Museveni’s Welcoming Event

    Robbers posing as police officers steal UGX 71 million

    Nyege Nyege Festival: Car Theft and Phone Robberies Raise Concerns

    Challenge Issued: Alien Skin Calls on Bobi Wine to Sell Assets for Uganda’s Liberation

    Challenge Issued: Alien Skin Calls on Bobi Wine to Sell Assets for Uganda’s Liberation

    Nyege Nyege Festival Kicks Off with Assurance from Rebecca Kadaga

    Nyege Nyege Festival Kicks Off with Assurance from Rebecca Kadaga

    Nile Breweries Donates UGX 450 Million to Kyabazinga’s Upcoming Royal Wedding

    Nile Breweries Donates UGX 450 Million to Kyabazinga’s Upcoming Royal Wedding

    Alien Skin sticks to Quitting Music in December

    Alien Skin Weighs Quitting Music Due to Accountability as a Public Figure

    Zari The Boss Lady and Beau Shakib Lutaaya Set to Marry in South Africa

    Zari The Boss Lady and Beau Shakib Lutaaya Set to Marry in South Africa

    Alien Skin sticks to Quitting Music in December

    Alien Skin sticks to Quitting Music in December

    Tuff B Questions Chameleone and Bebe Cool’s Participation in Musical Battles Due to Age and Wealth

    Tuff B Questions Chameleone and Bebe Cool’s Participation in Musical Battles Due to Age and Wealth

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    Court Orders BMK’s Son to Pay Minister Balaam Barugahara Shs1.4 Billion

    Court Orders BMK’s Son to Pay Minister Balaam Barugahara Shs1.4 Billion

    UBA Denies Fraud Allegations Amidst Claims of $250,000 Loss

    UBA Denies Fraud Allegations Amidst Claims of $250,000 Loss

    Uganda’s Central Bank Raises Key Interest Rate Amid Shilling’s Depreciation Concerns

    Uganda’s Central Bank Raises Key Interest Rate Amid Shilling’s Depreciation Concerns

    Sanitary Crisis Grips Koranorya Daily Market in Mbarara

    Sanitary Crisis Grips Koranorya Daily Market in Mbarara

    AfDB Approves $5.4 Million for Eastern Africa Power Pool Operationalization

    AfDB Approves $5.4 Million for Eastern Africa Power Pool Operationalization

    Umeme to Undertake $130 Million Investment before exit

    Umeme to Undertake $130 Million Investment before exit

    Khadi Encourages Formation of Saccos for Muslim Financial Empowerment

    Khadi Encourages Formation of Saccos for Muslim Financial Empowerment

    Lawyer Mabirizi Challenges Government’s Fuel Import Monopoly

    Lawyer Mabirizi Challenges Government’s Fuel Import Monopoly

    President Museveni approves Shs500 Billion Annual Fund for Technological Innovations

    President Museveni approves Shs500 Billion Annual Fund for Technological Innovations

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    Study Reveals Uganda Tops in Childhood Cancer Cases Linked to Malaria

    Study Reveals Uganda Tops in Childhood Cancer Cases Linked to Malaria

    Blood Scarcity in Ugandan Upcountry Health Centers Raises Alarming Maternal Mortality

    Blood Scarcity in Ugandan Upcountry Health Centers Raises Alarming Maternal Mortality

    High Arsenic Levels Found in Rice Sold in Kampala, Raising Health Concerns

    High Arsenic Levels Found in Rice Sold in Kampala, Raising Health Concerns

    Mixed Reactions to Proposed Use of Antibiotic for STI Prevention

    Mixed Reactions to Proposed Use of Antibiotic for STI Prevention

    Breakthrough: Uganda set to use Genetically Engineered Mosquitoes to Combat Malaria

    Breakthrough: Uganda set to use Genetically Engineered Mosquitoes to Combat Malaria

    Alarming Surge of Drug-Resistant Tuberculosis Strikes Uganda

    Alarming Surge of Drug-Resistant Tuberculosis Strikes Uganda

    Women Leaders Call for Social Approach to DNA Paternity Testing Debate

    Women Leaders Call for Social Approach to DNA Paternity Testing Debate

    Ministry of Health: 1.3 million Ugandans suffer from food borne illnesses annually

    Ministry of Health: 1.3 million Ugandans suffer from food borne illnesses annually

    National Drug Authority Raises Concerns over Eloipharm’s  Herbal Viagra

    National Drug Authority Raises Concerns over Eloipharm’s Herbal Viagra

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    Biden Announces Intent to End AGOA Participation for Uganda and Three other African Nations

    US Proposes New Africa Growth Opportunity Act (Agoa) Extension with Stricter Conditions

    King Charles Embarks on Historic State Visit to Kenya, Promising to Address Painful Colonial Past

    King Charles Embarks on Historic State Visit to Kenya, Promising to Address Painful Colonial Past

    Israel troops kill two Palestinian teens in West Bank amid Gaza anger

    Israel troops kill two Palestinian teens in West Bank amid Gaza anger

    Eswatini Elections: Limited Impact Expected in Country Ruled by Absolute Monarch

    Eswatini Elections: Limited Impact Expected in Country Ruled by Absolute Monarch

    ECOWAS Rejects Niger Junta’s Election Proposal, Escalating Political Standoff

    ECOWAS Rejects Niger Junta’s Election Proposal, Escalating Political Standoff

    Zimbabweans Turn Out to Vote Amid Hunger for Change, But Doubts Persist

    Zimbabweans Turn Out to Vote Amid Hunger for Change, But Doubts Persist

    Niger Closes Airspace Amidst Junta’s Defiance and ECOWAS Deadline

    Niger Closes Airspace Amidst Junta’s Defiance and ECOWAS Deadline

    UN Secretary-General Calls for Comprehensive Review of Peacekeeping Operations

    UN Secretary-General Calls for Comprehensive Review of Peacekeeping Operations

    Sudan Declares UN Envoy Volker Perthes “Persona Non Grata” Amidst Conflict Accusations

    Sudan Declares UN Envoy Volker Perthes “Persona Non Grata” Amidst Conflict Accusations

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    Lusanja-Kiteezi Garbage Avalanche Destroys Homes and Many Feared Dead After Heavy Rain

    Lusanja-Kiteezi Garbage Avalanche Destroys Homes and Many Feared Dead After Heavy Rain

    Deputy IGG Warns Against Celebrating Corrupt Officials

    Deputy IGG Warns Against Celebrating Corrupt Officials

    ‘No degree, no teaching’: Uganda’s National Teachers Bill Proposes Stricter Regulations and Penalties

    ‘No degree, no teaching’: Uganda’s National Teachers Bill Proposes Stricter Regulations and Penalties

    Uganda’s Health Ministry Faces Funding Shortfalls, Limits Medical Intern Deployment

    Uganda’s Health Ministry Faces Funding Shortfalls, Limits Medical Intern Deployment

    Northern Uganda Legislators Defend Regional Parliamentary Sittings Against Opposition Criticism

    Northern Uganda Legislators Defend Regional Parliamentary Sittings Against Opposition Criticism

    Busuulu Reforms Aim to End Tenant Exploitation by Landlords

    Busuulu Reforms Aim to End Tenant Exploitation by Landlords

    M23 Rebels Seize Ishasha Border, Forcing Congolese Security to Flee to Uganda

    M23 Rebels Seize Ishasha Border, Forcing Congolese Security to Flee to Uganda

    Youth Protester Recounts Harrowing Experience After Anti-Corruption March

    Youth Protester Recounts Harrowing Experience After Anti-Corruption March

    Government Faces Criticism Over Funding Priorities Amid Medical Interns’ Protests

    Government Faces Criticism Over Funding Priorities Amid Medical Interns’ Protests

  • Politics
    Bobi Wine Earns Law Degree After Seven-Year Journey, Overcomes Challenges

    Bobi Wine Earns Law Degree After Seven-Year Journey, Overcomes Challenges

    39,000 Voters Petition to Censure Bukooli Central MP Solomon Silwany

    39,000 Voters Petition to Censure Bukooli Central MP Solomon Silwany

    Ugandans Urged to Reject Special Privileges for Retired Politicians

    Ugandans Urged to Reject Special Privileges for Retired Politicians

    Opposition Unveils Shs43 Trillion Alternative Budget: Prioritizing Accountability and People-Centered Approach

    Opposition Unveils Shs43 Trillion Alternative Budget: Prioritizing Accountability and People-Centered Approach

    NUP ready to reconcile with Mpuuga–LOP Joel Ssenyonyi

    NUP ready to reconcile with Mpuuga–LOP Joel Ssenyonyi

    Confusion Over NUP’s Secret Constitution Amid Leadership Disputes

    Confusion Over NUP’s Secret Constitution Amid Leadership Disputes

    Lubega Vincent Wins Makerere University’s 90th Guild Presidency

    Lubega Vincent Wins Makerere University’s 90th Guild Presidency

    Competition Heats Up for Dokolo District Woman Representative Seat

    Competition Heats Up for Dokolo District Woman Representative Seat

    JEEMA Spokesperson Accuses Robert Kyagulanyi of Betrayal, Contemplates Withdrawing Support

    Outrage in Parliament as Bobi wine Alleges MPs Received Bribes for Budget Approval

  • Life Style
    Singer A Pass Denies Performing at President Museveni’s Welcoming Event

    Singer A Pass Denies Performing at President Museveni’s Welcoming Event

    Robbers posing as police officers steal UGX 71 million

    Nyege Nyege Festival: Car Theft and Phone Robberies Raise Concerns

    Challenge Issued: Alien Skin Calls on Bobi Wine to Sell Assets for Uganda’s Liberation

    Challenge Issued: Alien Skin Calls on Bobi Wine to Sell Assets for Uganda’s Liberation

    Nyege Nyege Festival Kicks Off with Assurance from Rebecca Kadaga

    Nyege Nyege Festival Kicks Off with Assurance from Rebecca Kadaga

    Nile Breweries Donates UGX 450 Million to Kyabazinga’s Upcoming Royal Wedding

    Nile Breweries Donates UGX 450 Million to Kyabazinga’s Upcoming Royal Wedding

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    Alien Skin Weighs Quitting Music Due to Accountability as a Public Figure

    Zari The Boss Lady and Beau Shakib Lutaaya Set to Marry in South Africa

    Zari The Boss Lady and Beau Shakib Lutaaya Set to Marry in South Africa

    Alien Skin sticks to Quitting Music in December

    Alien Skin sticks to Quitting Music in December

    Tuff B Questions Chameleone and Bebe Cool’s Participation in Musical Battles Due to Age and Wealth

    Tuff B Questions Chameleone and Bebe Cool’s Participation in Musical Battles Due to Age and Wealth

  • Business
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    Court Orders BMK’s Son to Pay Minister Balaam Barugahara Shs1.4 Billion

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    UBA Denies Fraud Allegations Amidst Claims of $250,000 Loss

    Uganda’s Central Bank Raises Key Interest Rate Amid Shilling’s Depreciation Concerns

    Uganda’s Central Bank Raises Key Interest Rate Amid Shilling’s Depreciation Concerns

    Sanitary Crisis Grips Koranorya Daily Market in Mbarara

    Sanitary Crisis Grips Koranorya Daily Market in Mbarara

    AfDB Approves $5.4 Million for Eastern Africa Power Pool Operationalization

    AfDB Approves $5.4 Million for Eastern Africa Power Pool Operationalization

    Umeme to Undertake $130 Million Investment before exit

    Umeme to Undertake $130 Million Investment before exit

    Khadi Encourages Formation of Saccos for Muslim Financial Empowerment

    Khadi Encourages Formation of Saccos for Muslim Financial Empowerment

    Lawyer Mabirizi Challenges Government’s Fuel Import Monopoly

    Lawyer Mabirizi Challenges Government’s Fuel Import Monopoly

    President Museveni approves Shs500 Billion Annual Fund for Technological Innovations

    President Museveni approves Shs500 Billion Annual Fund for Technological Innovations

  • Health
    Study Reveals Uganda Tops in Childhood Cancer Cases Linked to Malaria

    Study Reveals Uganda Tops in Childhood Cancer Cases Linked to Malaria

    Blood Scarcity in Ugandan Upcountry Health Centers Raises Alarming Maternal Mortality

    Blood Scarcity in Ugandan Upcountry Health Centers Raises Alarming Maternal Mortality

    High Arsenic Levels Found in Rice Sold in Kampala, Raising Health Concerns

    High Arsenic Levels Found in Rice Sold in Kampala, Raising Health Concerns

    Mixed Reactions to Proposed Use of Antibiotic for STI Prevention

    Mixed Reactions to Proposed Use of Antibiotic for STI Prevention

    Breakthrough: Uganda set to use Genetically Engineered Mosquitoes to Combat Malaria

    Breakthrough: Uganda set to use Genetically Engineered Mosquitoes to Combat Malaria

    Alarming Surge of Drug-Resistant Tuberculosis Strikes Uganda

    Alarming Surge of Drug-Resistant Tuberculosis Strikes Uganda

    Women Leaders Call for Social Approach to DNA Paternity Testing Debate

    Women Leaders Call for Social Approach to DNA Paternity Testing Debate

    Ministry of Health: 1.3 million Ugandans suffer from food borne illnesses annually

    Ministry of Health: 1.3 million Ugandans suffer from food borne illnesses annually

    National Drug Authority Raises Concerns over Eloipharm’s  Herbal Viagra

    National Drug Authority Raises Concerns over Eloipharm’s Herbal Viagra

  • International News
    Biden Announces Intent to End AGOA Participation for Uganda and Three other African Nations

    US Proposes New Africa Growth Opportunity Act (Agoa) Extension with Stricter Conditions

    King Charles Embarks on Historic State Visit to Kenya, Promising to Address Painful Colonial Past

    King Charles Embarks on Historic State Visit to Kenya, Promising to Address Painful Colonial Past

    Israel troops kill two Palestinian teens in West Bank amid Gaza anger

    Israel troops kill two Palestinian teens in West Bank amid Gaza anger

    Eswatini Elections: Limited Impact Expected in Country Ruled by Absolute Monarch

    Eswatini Elections: Limited Impact Expected in Country Ruled by Absolute Monarch

    ECOWAS Rejects Niger Junta’s Election Proposal, Escalating Political Standoff

    ECOWAS Rejects Niger Junta’s Election Proposal, Escalating Political Standoff

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    Zimbabweans Turn Out to Vote Amid Hunger for Change, But Doubts Persist

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    Niger Closes Airspace Amidst Junta’s Defiance and ECOWAS Deadline

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    UN Secretary-General Calls for Comprehensive Review of Peacekeeping Operations

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    Sudan Declares UN Envoy Volker Perthes “Persona Non Grata” Amidst Conflict Accusations

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Customers of DFCU in panic as their Bank exits fraudulently acquired Sudhir properties

Lukwago Joseph by Lukwago Joseph
October 7, 2019
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The embattled DFCU Bank has conceded and has decided to vacate all the branches owned by Meera Investments Limited, which is part of the Ruparelia Group of Companies.

DFCU Bank has called already opened bids for companies that want to provide consultancy services at it seeks to relocate to new areas in various districts and towns across Uganda.

The bank has been operating its business in buildings/properties belonging to Meera Investments Limited since it acquired Crane Bank Limited in 2017.

In August it emerged that the bank was misled by city Law firm Sebalu & Lule Advocates to illegally transfer title properties into its name yet the properties belong to Meera Investments Ltd even though it had leased them to Crane Bank Limited.

According to a leaked dossier, the Sebalu & Lule Advocates who have been barred by court from representing the same bank against city tycoon Sudhir Ruparelia for being conflicted. The law firm misled dfcu Bank to transfer leasehold titles from Crane Bank Ltd during the controversial takeover two years ago.

In a leaked document titled Transfer of former Crane Bank household properties, dated May 8, 2017, “the law firm skipped important aspects of the law including the fact that banks are not allowed to invest in business for fear of conflict of interest with their clients, apart from their main premises” banking analysts say.

“In light of the lengthy of time between the completion of date and when dfcu can vividly exercise the option to rescind the purchase of household properties, our recommendations is that the transfer be registered immediately,” reads an excerpt from the leaked document.

The whole procedure was entangled with fraud as there was no consent from the Landlord (Meera Investment Ltd) before transferring the lease to another party.

“The developments in August nullified the transfer as lack of consent alone nullifies the whole procedure” as ownership belonged to Meera Investment Ltd, an independent


Tags: dfcu bankSudhir and crane bank
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Lukwago Joseph

Lukwago Joseph

Lukwago Joseph grew up in a newspaper family, and rumor has it that instead of playing the guitar in his infancy, his parents put a reporter’s notebook and a pen next to him shortly after he turned born eight years. Before becoming editor of UGANDANZ, Lukwago was a parliament news editor for WBS TV. He joined UGANDANZ in July 2018, A few months after the company launched. Lukwago also spent five years as a freelance reporter, where he covered reporting for the highest bidder, intelligence, foreign policy, and Ugandan police. Lukwago graduated from Makerere University in 2008 with a B.A. in Journalism and worked on his college newspaper.

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