Matooke Republic
Tuesday, June 24, 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

15 Dfcu staff throw in towel in just one month

Matooke Republic by Matooke Republic
November 17, 2023
in Uncategorized
Reading Time: 2 mins read
22
SHARES
Share on FacebookShare on Twitter

15 key officials at DFCU Bank have resigned within the span of one month, creating a leadership vacuum that has sent shockwaves through the institution. The sudden departure raises concerns about the stability and future direction of the bank under the leadership of Charles M. Mudiwa, who assumed the role of Managing Director and Chief Executive Officer just seven months ago.

Anonymous sources indicate that Mr. Mudiwa, a Zimbabwean national, is struggling to solidify his position amid the mass exodus of his juniors.

Mudiwa inherited a complex situation from his predecessor, Mathias Katamba, who resigned at the end of the previous year after facing difficulties in steering the bank through the aftermath of acquiring Crane Bank. DFCU has been entangled in legal battles since 2017, losing significant cases and incurring substantial costs and damages.

RELATED POSTS

I.T entrepreneur and author Mushabe to headline Victoria University Career Readiness Workshop

Didn’t Qualify for University? Bridge the Gap with Victoria University’s Higher Education Certificate

The shadow of the Crane Bank acquisition continues to loom over Mudiwa, as the bank recently suffered setbacks in two crucial legal battles—the London Court case and a High Court judgment ordering DFCU to vacate Meera Investment buildings, accompanied by a hefty fine of  Shs2.4billion for trespass.

Speculation is rife about the reasons behind the sudden exodus of senior executives, with internal discord, strategic disagreements, and potential restructuring plans being considered contributing factors.

Among the notable departures are Joan Ntabadde (Head of Customer Service), Miranda Bageine (Head of Personal Banking), Ronald Kasasa (Head of Business Banking), and Godfrey Mundua (Head of Corporate Banking).

The reluctance of DFCU officials to comment on the situation has heightened concerns, and the management now stands as a symbol of unanswered questions.

Related

Tags: DFCU
Share9Tweet6Send
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
1 year 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

...

Curtain drawn on Dfcu’s Sekabembe

by Matooke Republic
2 years ago

...

Next Post
Kyabazinga William Gabula Nadiope IV and Inebantu Jovia Mutesi pose with their marriage certificate.

Royal Union: Kyabazinga of Busoga ties the knot with Inebantu Jovia Mutesi in grand ceremony

Nnabagereka Sylvia Nagginda, Kyabazinga Gabula Nadiope and Inebantu Jovia Mutesi.

Here are the notable guests at the Busoga Royal Wedding

RECOMMENDED

Budo League nears finale as Guinness delivers premium match day experience

June 23, 2025

SC Villa’s new Serbian head coach Nemanja Milincic who was unveiled last Friday quits over contract dispute

June 23, 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

    3423 shares
    Share 1369 Tweet 856
  • Dj Karo finally wins over Cedric Babu’s heart, introduction underway

    174 shares
    Share 70 Tweet 44
  • National ID mass enrolment & renewal exercise: Here are the requirements you must have to get a new ID

    248 shares
    Share 99 Tweet 62
  • Cedric Babu Ndilima, son of Capt. Francis Babu, dies after battle with heart condition

    117 shares
    Share 47 Tweet 29
  • 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

    80 shares
    Share 32 Tweet 20
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.