• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News
No Result
View All Result
Watchdog Uganda
No Result
View All Result

BoU, dfcu summoned over failure to pay Shs98m to former Crane Bank employee

Mubiru Ivan by Mubiru Ivan
6 years ago
in Business, Finance
5 0
ShareTweetSendShare

Bank of Uganda (BoU) and dfcu bank have been ordered to appear before the Bailiffs and Execution division of the High Court to explain why the money of a former Crane Bank employee being held in dfcu bank has not been paid as ruled by Court a few months back.

The former Crane Bank employee Ismail Shakil Pathan sued BoU and dfcu indicating that wrongful deductions had been made on his account which had also been blocked without his knowledge.

In his ruling on January 15 this year, Justice David Wangutusi ordered dfcu Bank to pay Pathan Shs62 million compensation, general damages of Shs 20 million and costs of the suit, plus an interest rate of 21 percent of the total sum from April 2016.

However, the bank has since refused to compensate the plaintiff which prompted Pathan to take the matter to the Bailiffs and Execution Division.

In a Friday, May 24 order, High Court deputy registrar Flavia Nabakooza ordered both BoU and dfcu Bank to appear before court on June 4, and explain why their accounts should not be attached.

“Costs of this application are to be met by the judgment creditor.”

In October 2016, the Central Bank took over Crane Bank on grounds of undercapitalization, placed it under receivership before fraudulently selling the commercial bank to dfcu in January 2017.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
Share1Tweet1SendShare

Related Posts

Agriculture

Dr. Sudhir Ruparelia to Headline UK-Africa Business Summit in London on 12 September 2025

1st July 2025 at 14:24
Speke Resort Munyonyo Hosts Groundbreaking Leadership Training for Senior Staff
Business

Speke Resort Munyonyo Hosts Leadership Training for Senior Staff

1st July 2025 at 14:06
Business

Victoria University Strengthens Ties with Busoga Kingdom Through Educational Partnership

1st July 2025 at 13:40
Next Post

Rwanda: Government says businessman killed in Uganda was shot in self defence

  • Prostitution in Uganda- Courtesy Photo

    10 dangerous hotspots known for prostitutes in Kampala

    1101 shares
    Share 440 Tweet 275
  • LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

    2283 shares
    Share 913 Tweet 571
  • Uganda’s Billionaires 2025: Once Again Sudhir Ruparelia Leads a Resilient Pack

    39 shares
    Share 16 Tweet 10
  • Pastor Bugingo Seeks Reconciliation with Teddy and Children, Prays for Makula’s Twins

    18 shares
    Share 7 Tweet 5
  • LIST : Gov’t releases Revised Salary Structure for Teachers, Police, and Prisons Staff for FY 2024/2025

    112 shares
    Share 45 Tweet 28
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Email: editorial@watchdoguganda.com
To Advertise:Click here

Latest News

Uganda Woos UAE Investors with Vast Opportunities in Agriculture and Tourism

1st July 2025 at 20:07

Born To Cry: The Tragic Reality of Birth Asphyxia In Uganda As Government Launches My Baby’s Cry Campaign

1st July 2025 at 19:46

Check out

  • Trending
  • Comments
  • Latest
Minister Muruli Mukasa

LIST: New salary structure for civil servants starting July 2020 out; scientists, lecturers get juicy pay rise

24th May 2020 at 10:45
Pregnant woman

Shock as 17-year old boy impregnates his two sisters during Covid-19 lockdown 

17th June 2020 at 08:17
Sudhir Ruparelia is set to speak at business forum in United Kingdom

Billionaire Sudhir’s wisdom on how to invest in real estate

0

How a boy’s destiny turned from cotton grower to communications guru

0

Uganda Woos UAE Investors with Vast Opportunities in Agriculture and Tourism

1st July 2025 at 20:07

Born To Cry: The Tragic Reality of Birth Asphyxia In Uganda As Government Launches My Baby’s Cry Campaign

1st July 2025 at 19:46

© 2025 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Media Outreach Newswire
    • Africa News
    • Tourism
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
  • Entertainment
    • Lifestyle
  • People
    • Showbiz
      • Salon Mag
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
  • China News

© 2025 Watchdog Uganda