Doubtful about BoU’s ability to secure former Crane Bank branches, defenseless dfcu starts vacating Sudhir properties

Following the dismissal, by the Commercial Court, of a case in which Bank of Uganda laid claim and sought vacant possession together with released freehold certificates of titles to 48 properties belonging to Ruparelia Group, that the central Bank had illegally sold to dfcu Bank, CEO East Africa understands dfcu Bank is in the process of vacating those properties. Although the Central Bank has appealed the particular court ruling, this website understands dfcu’s move is to mitigate any possible risks and disruptions to business, should BoU lose the appeal and Meera Investments has to swiftly repossess those properties. A confidential…