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A customer accuses DFCU bank of illegal transactions
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A customer accuses DFCU bank of illegal transactions

A legal battle between the Development Finance Company of Uganda Bank Limited and its client of 15 years, George William Kiyega, is now a case study at the Legal Development Centre. Kiyega accuses the DFCU bank of fraudulent or illegal transactions recorded on its land titles. Court documents show the property on Parcel 7347, Block 265, had Instrument No. Kla. 565080 removed, by way of a mortgage deed dated January 4, 2013 for Sh240 million.

Kiyega wrote to the Bank of Uganda to protest this fraud and forgery allegedly attributable to DFCU Bank, but his case has been pending for over a decade now. The Bank of Uganda claims to be following the negotiations between the two parties, but DFCU Bank declined our requests for an interview.