EFC Bank Depositors

The Bank of Uganda has in a statement said big ticket depositors who held more than UGX 10m in deposits in the collapsed EFC Uganda bank, will have to exercise some patience as the central bank makes payment arrangements within the next two weeks. Bank of Uganda together with the Deposit Protection Fund (DPF) are set to commence payment of depositors having balances of up to UGX 100,000 using mobile money effective January 29th, upon verification of their names and mobile phone numbers. Depositors with balances of upto UGX 10 million will be paid effective February 5th, through an agent…