Matooke Republic
Thursday, November 12, 2026
  • 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

Dfcu admits they were hit by fraud in May, tight-lipped on the details

Matooke Republic by Matooke Republic
July 15, 2019
in News
Reading Time: 2 mins read
33
SHARES
Share on FacebookShare on Twitter

Following online media reports that Dfcu Bank was hit by fraud to the tune of Shs10 billion after hackers breached the bank’s system, the bank has admitted that indeed fraud took place in May.

“In May 2019, the Bank detected a case of fraud that was immediately reported to the police (CID HDQTRS GEF 604/2019) and investigations are ongoing,” a statement released by the bank this Monday evening reads.

However, the bank did not divulge details of the said fraud including individuals and figures involved.

RELATED POSTS

Four pupils die in suspected food poisoning at a school in Kawempe

UAE lifts Ebola-related visa suspension on Ugandans, sets new entry conditions

The bank’s statement attempts to downplay the incident in a bid to restore customer confidence yet reports indicate customers’ money was stolen.

“Unfortunately, reports of this incident have been grossly and maliciously misrepresented in an attempt to damage the reputation of the Bank, destabilise the banking sector and the economy in general …. We urge the public to disregard the continued malicious publications and treat them with the contempt they deserve,” Dfcu’s post read in part.

The statement that was posted on Dfcu’s Facebook page drew public backlash, partly because the bank threatened legal action against media outlets that published the story yet they could not regard it as false.

“You are criticising actions of bloggers and threatening legal action yet you have not explained the fraud or justified fraudulent transactions that took place…. please explain…” one Sunny Lakhani commented on Dfcu’s post.

 “But already you Reported a case at CID HDQTRS GEF 604/2019. Fraud!” Bukenya Sulaiman commented implying that a true story cannot be malicious.

“There is no smoke without fire,” one Denis Ssemakula commented.

Related

Tags: DFCUFraud
Share14Tweet8Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

High Court Clears Equity Bank of Liability in Shs34.4m Mobile Banking Fraud Case

by Matooke Republic
11 months ago

...

Maurice Wamayi, the Chief Internal Auditor, UBA Uganda.

Protecting Your Finances: A Guide to Fraud Prevention

by Matooke Republic
12 months ago

...

How a Boda Boda rider allegedly stole Shs 332 million from Centenary Bank

by Matooke Republic
1 year ago

...

Over 10 UWA officials arrested in Shs9 billion Gorilla permit fraud scandal

by Matooke Republic
1 year ago

...

Full Ruling as London Court throws out dfcu amendment attempt in Crane Bank case

by Matooke Republic
1 year ago

...

Next Post

Ugandan man Gerald Matovu found guilty of killing James Bond actor after luring him on gay dating app

OUR CITIES: Here are the men who built Mbarara to city status

RECOMMENDED

A Music Icon In Motion, Shaping The Sound Of A Generation

November 11, 2026

UMC Hospital Entebbe introduces specialised mental health and rehabilitation services

November 11, 2026

MOST VIEWED

  • LIST: Museveni appoints 13 new Permanent Secretaries

    30 shares
    Share 12 Tweet 8
  • Deputy Army Commander Okiding speaks out on Elwelu saga, explains why security forces went looking for him and how they found him

    19 shares
    Share 8 Tweet 5
  • Who is Beatrice Lugalambi, the new Executive Director of Pride Bank?

    16 shares
    Share 6 Tweet 4
  • Here are the government agencies set to be scrapped or merged

    154 shares
    Share 62 Tweet 39
  • Behind-the-scenes negotiations that led to former Deputy Army Commander Elwelu’s surrender; He is now accommodated in a three-bedroom house as he awaits meeting Museveni

    55 shares
    Share 22 Tweet 14
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 2026

© Matooke Republic 2026

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