Pressure Mounts as Dfcu Finally Decides to Vacate Former Crane Bank Buildings

By Max Patrick Ocaido

Dfcu Bank is finally vacating buildings that they controversially acquired from defunct Crane Bank during the takeover process.

Dfcu has been ‘fraudulently’ occupying tycoon Sudhir Ruparelia’s Crane Bank buildings since 2017. Pressure has however forced the Bank to close 22 of its branches and is in the process of relocating them to new premises, thus vacating former Crane Bank buildings. Through their law firm Sebalu & Lule Advocates, Dfcu is said to have been ill-advised to transfer title properties belonging to Sudhir’s Meera Investments Limited yet the properties had been leased to them by Crane Bank Limited.

According to an open bidding notice that Kampala Post has seen, Dfcu is searching for a consultancy firm to provide architectural and project management consultancy services to support relocation of 22 selected business locations across the country.

“As such, due to current trends in design setup, wear and tear overtime and other unavoidable business conditions, dfcu Bank would like to relocate twenty two (22) business locations across the country to new premises within the same localities. To execute this task, architectural and project management services shall be required to setup new premises, relocate the existing premises, decommission the vacated premises and support vacant handover of the vacated premises to the respective property owners,” the notice reads.