{UAH} William Sekabembe Bounces Back At Dfcu after Doubling Salary As Kisaame Prepares Final Exit
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Breaking News, Business News
William Sekabembe Bounces Back At Dfcu after Doubling Salary As Kisaame Prepares Final Exit
William Sekabembe the Chief of Business and Executive Director at DFCU bank who has submitted his resignation to the management has bounced back, this website has learnt.
Sekabembe had expressed his intentions to resign from the troubled bank and was reportedly headed to Kenya's KCB bank Uganda branch.
His resignation followed after announcement by CDC group the bank's longest investor to sell all its shares from the bank which is reportedly under distress.
Sekabembe is said to have been maintaining close links with CDC group shareholders something that did not go down well with other shareholders.
According to a senior official at the bank, Sekabembe has bounced back after being promised a double salary of what he had been earning seriously.
For the time in weeks ever since the news of his resignation circulated, Sekabembe after sealing a new deal this afternoon reported at work and had a Customer engagement for Local corporates at Hotel Africana.
While he was opening the session, William Sekabembe remarked that the engagement was held to discuss the economic challenges the country is facing especially during these turbulent times.
He reassured customers that he had not resigned from the Bank.
This website has also established that the bank managing director Juma Kisaame is not willing to renew his contract once it expires.
SpyReports further understands that Mathias Katamba a Ugandan economist and Managing Director and Chief Executive Officer of Housing Finance Bank, a commercial bank, co-owned by the by the Ugandan government and the National Social Security Fund is being lined for the job once Kisaame quits.
For the past 10 to 15 years, Katamba has been intimately associated with Uganda's banking industry.
Another source at the bank narrated that DFCU bank is currently undergoing major restructuring and majority of its staff.
It is reported that the bank no longer cares if Ugandans remove all their cash from the bank saying that it has got strong shareholders who are willing to keep investing huge sums of money in the bank.
DFCU bank which is reportedly under distress ran to president Museveni for a financial intervention after Bank of Uganda decline to lift their lien and allow them borrow from Central Bank.
According to a source at DFCU head offices, the bank after failing to convince Mutebile on borrowing they thought of plan B which was to run to the head of state pour to him all their heavy laden.
It is indicated that the meeting to meet Museveni was coordinated by Elly Karuhanga the bank chairman also a partner at Kampala Associated Advocates also a close first family friend.
Another source says the purpose of the meeting was to discuss with the president on the bank case before courts of law on Crane bank acquisition.
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