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Lands cancels 48 titles acquired by dfcu from Crane bank

Summary by Ground News
Crane Bank Limited (CBL) started operations on August 21, 1995, and was, until 2016, one of Uganda's largest commercial banks. In 2016-2017, Bank of Uganda took over management of CBL, then closed it and sold off some of its assets and liabilities to dfcu.
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1 Articles

The Observer UgandaThe Observer Uganda

Lands cancels 48 titles acquired by dfcu from Crane bank

Subsequent to an October 24, 2023, High court ruling, ministry of Lands commissioner, Baker Mugaino has cancelled the 48 leasehold certificates of title and given dfcu bank 7 days to return them. Court ruled that dfcu had illegally transferred 48 properties belonging to Meera Investments Limited, the original owners.     “You will recall that judgment in the above captioned suit was entered in the favour of the plaintiff, Meera Investments Limit…

·Uganda
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The Observer Uganda broke the news in Uganda on Thursday, November 9, 2023.
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