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15 DFCU key executives quit abruptly in one month

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Fifteen (15) DFCU Bank key officials have suddenly quit their seats in a period of one month which has caused shock in the institution relying on the new leadership.

The departure of these high-profile leaders has not only left loopholes in the top positions of the bank but also posed uncertainty of the future of the new leadership led by Charles M. Mudiwa who was appointed as Managing Director and Chief Executive Officer seven months ago.

According to anonymous sources, Mr Mudiwa, a Zimbabwean national is yet to consolidate his position as he grapples with a massive exit of his juniors whose main cause of departure lies on bad and poor leadership.

Mudiwa replaced Mathias Katamba who also threw in his resignation at the end of last year after failing to turn around the bank considering he took charge at a time DFCU was grappling with hard times of grabbing Crane Bank.

DFCU has since 2017 battled court cases, losing majority of them and paying huge costs and damages.

Crane Bank ghost continues to haunt Mudiwa who 7 months into the seat has seen the Bank lose two crucial cases to Crane Bank; London Court case and the recent High Court judgement that ordered DFCU to vacate Meera Investment buildings and also pay shs 2.4 billion for trespass.

Reports suggest that the massive exodus of senior executives point to internal discord, strategic disagreements, and even potential restructuring plan which has since added fuel to the already intense speculation.

This website has learned that some of the 15 top managers who threw in a towel are; -Joan Ntabadde the head Customer Service, Miranda Bageine head Personal Banking, Ronald Kasasa head Business Banking and Godfrey Mundua head Corporate Banking.

Relationship Managers including Malik Dillis Akello- who was the best employee of the year also left the bank after scooping Dr Kalema ward and 3 months training with RaboBank in the Netherlands.

To make it worse, those appointed to replace some of the above managers have also left over similar grounds.

Stella Akol who was an immediate designate of Ronald Kasasa has since left.

No DFCU official was willing to speak about the departure when contacted. The officials contacted preferred not to be mentioned.

The DFCU boardroom, once a hub of collaboration and decision-making, now bears the weight of unanswered questions.

We have learned the bank’s board and senior management has for days been holed up in emergency meetings to chart a course through the storm that threatens to engulf and swallow the institution.

The bank’s CEO has not stepped forward to address employees, clients, and shareholders about the workers’ exodus.

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