Engineer George William Kiyega is accusing Dfcu bank of fraudulent or illegal transactions that were entered on his land titles.
Kiyega says that in 2009 he gave his land title to Dfcu bank for self-custody, land situated in Bunamwaya plot 7347 block 265 land situated in Kyabago- Kyadondo. He adds that in 2014 he got a project in Soroti and went to the same bank to request for three facilities since it was a legal requirement to furnish a permanent guarantee under UDC which a 10% contract value was.
“The performance guarantee was issued by Dfcu bank, then after the contract had expired and I performed to the satisfaction of the employer,” he said.
A legal battle of 15-year-old client George William Kiyega is now a case study at the law development centre.
He later applied for a second loan of Shs200 million and was given to him under Wills International Engineers and Contractors Limited and another one of Shs220 million and all these facilities were to be secured with land situated at Kyabagabo- Kyadondo. He adds that letters and mortgage documents were signed for proof.
However, to his dismay, he started receiving letters from the bank with notice to sell his land and he detected a sinister move.
“Dfcu wrote to us threatening letters to sell the land on plot 7346 yet I was servicing my loan. When I opened the documents, I observed that there were some fraudulent transactions that I sued the bank,” Kiyega said.
He says when he went to ask for a civil suit, he was ordered to pay Shs210 million within 30 days, which he did through help from his engineer friend.
“I was instructed to pay 50% of the sum which they alleged was outstanding inclusive the Shs73 million which was for the performance guarantee,” he said.
He appealed to the court of appeal and the case was decided in their favor.
“Dfcu bank was ordered again to pay all income balances on plot 7347 and also to pay for the damages on all the fraudulent illegal mortgages,” he added.
Kiyega later wrote to the Bank of Uganda but says his case has never been heard.
The head of communications at Bank of Uganda revealed that they are still monitoring the situation, adding, “We reached out to Dfcu and established that they are working with the customer to address his concerns.”
Kiyega wrote to the Bank of Uganda in protest at the said fraud and forgery allegedly by Dfcu bank, but his matter has been on hold for over a decade now. The Bank of Uganda says they are monitoring negotiations between the two parties.
Dfcu is not new to such controversies, in 2017, it illegally took over and occupied buildings belonging to Meera Investment Limited, it took court orders to chase them and award costs and damages to Meera.
