Bad blood between top heads at Dfcu bank


All isn’t well with two former buddies at the Dfcu bank Uganda as former Managing Director Juma Kisaame and Chief Executive Officer in charge of business development, William Ssekabembe are reportedly not seeing eye to eye over what sources say deals gone bad.

Eagle Online has reliably learnt that whereas Kisaame left the bank, he has kept in contact with some of the big clients whom he contacts direct over deals and yet such clients are supervised by Ssekabembe. However, that isn’t the big issue at hand as per say as sources say what is likely to result into fallout of the two is the allegations that Ssekabembe is the allegations that he reported all the under dealings Kisaame was involved in including the collusion between him and top Bank of Uganda leaders led by former Deputy Governor, Louis Kasekende and Ex-Executive Director in charge of Supervision Justine Bagyenda as far as the buying of Crane Bank Limited was concerned. Currently there several investigations on how Crane Bank in receivership was sold to Dfcu and failure to explain how Shs478 billion was utilized as Auditor General report only say over Shs 200 billion was accounted for.

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Ssekabembe has never forgiven Kisaame as far as his return to Dfcu is concerned after he had quit for Kenya Commercial Bank only to be fooled by Kisaame and few board members who promised him that upon making a U-turn he would replace Kisaame. Upon returning, Ssekabembe was never given the job but humiliated and looked down upon when Kisaame instead recommended for Mathias Katamba and the continued frustration by Kisaame, he decided to go native and expose him.

Ssekabembe has reportedly threatened to exposure the loot by Kisaame including his state of the art school plus several houses and plots of land he allegedly acquired from clients who failed to service loans part of the pay back fight.

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