Dfcu Fires Sebalu & Lule Advocates in Crane Bank Property Case

Dfcu Bank has fired Sebalu & Lule Advocates from representing them in a case where Meera Investments Limited sued them for illegally taking over 48 properties of defunct Crane Bank.

Tycoon Suhdir Ruparelia’s Meera Investment Company dragged Dfcu Bank and Commissioner Land Registration for controversially transferring the 48 properties that housed Crane Bank branches countrywide into Dfcu’s name.

During the sale of Crane Bank to Dfcu by the Central Bank, Sebalu & Lule Advocates advised that Dfcu transfers the titles of these 48 properties in their name against the opinion of the Bank which simply wanted to place caveats on the properties until such a time when Bank of Uganda had satisfactorily taken ownership of the said properties from Meera Investments.

As a result, Dfcu has now dropped lawyers from Sebalu & Lule Advocates from further representing them in this case before High Court considering that the lawyers misled them into transferring titles of the 48 properties.

The Bank has now hired the legal services of M/s Kalenge, Bwanika, Ssawa & Co. Advocates to represent them in this matter.

“Take notice that we, M/s Kalenge, Bwanika, Ssawa & Co. Advocates, plot 30 Lumumba Avenue, P.O Box 8352, Kampala, Tel no.0414-250335/6 hsve been instructed by the 1st Respondent (Dfcu) to represent in the above proceedings, in place of M/s Sebalu & Lule Advocates,” reads a letter dated November 20, 2019.

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