Matooke Republic
Saturday, July 12, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Nsereko wants BOU to reveal how much it sold Crane Bank to DFCU

Matooke Republic by Matooke Republic
July 15, 2017
in Business, Featured Stories, News
Reading Time: 2 mins read
Share on FacebookShare on Twitter

Kampala Central MP Mohammad Nsereko wants Bank fo Uganda to come out and declare to Ugandans how much it sold the defunct Crane Bank to DFCU Bank.




RELATED POSTS

State Prosecutor found dead at her home in Kasangati

Jacob Kiplimo shines at Samsung Galaxy Unpacked as new Galaxy Watch 8 launches

Crane Bank went into receivership in October 2016 and was sold to DFCU Bank in January 2017, but the details of the transactions have never been made public.

“We want that sales agreement,” Nsereko said while speaking on a CBS talk show with Meddie Nsereko. 

“It seems DFCU found out that what BOU sold it is not exactly what it received so they are running to drag former owner Sudhir Ruparelia to court to give them Shs400bn he allegedly siphoned out,” Nsereko said.

“The public demands to know. Bank of Uganda must disclose the agreement. It is a public document.”

Already, top BOU officials including governor Tumusiime Mutebile and Director of Supervision Justine Bagyenda have come under public scrutiny with MPs like Nandala Mafabi calling for their arrest over incompetence and possible fraud and corruption.

The MPs are calling for a police and IGG investigation into the matter, saying the officials should be tried in the anti-corruption court.




Related

Tags: BoUCrane BankDFCUMohammad Nsereko
Share1Tweet1Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

UK Supreme Court orders that DFCU, its owners and directors must stand trial in UK for their role in fraudulent acquisition of Crane Bank

by Matooke Republic
2 years ago

...

15 Dfcu staff throw in towel in just one month

by Matooke Republic
2 years ago

...

Lands Registry cancels titles of 48 former Crane Bank branches held by Dfcu, returns them to Sudhir

by Matooke Republic
2 years ago

...

Crane Bank shareholders welcome London Court ruling to hear multi million dollar case against DFCU, vow to fight for justice

by Matooke Republic
2 years ago

...

Sudhir wins London Court of Appeal case to prosecute DFCU Bank over corruption involving BoU officials in $211m Crane Bank Takeover Case

by Matooke Republic
2 years ago

...

Next Post

I paid Shs360m to bring Ghetto Kids to USA --- French Montana reveals more plans for dance group

Everybody told me not to go to Uganda because of mosquitoes --- French Montana reveals

RECOMMENDED

Bebe Cool pushes for East African collaboration and use of collective numbers to take over the world musically

July 11, 2025
Fatuma Bbuye Nabiwemba.

State Prosecutor found dead at her home in Kasangati

July 11, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3924 shares
    Share 1570 Tweet 981
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    97 shares
    Share 39 Tweet 24
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    94 shares
    Share 38 Tweet 24
  • Properties owned by late billionaire Aponye at risk of auction over Shs15 billion loan arrears

    78 shares
    Share 31 Tweet 20
  • Pastor Bugingo’s daughter Doreen Gift awarded scholarship to Arizona State University in the US

    61 shares
    Share 24 Tweet 15
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.