Meera Investments dragged Dfcu Bank to Land Division of the High Court, seeking to reclaim its 46 branches that were allegedly acquired illegally countrywide following the dissolution of Crane Bank by Bank of Uganda.
Meera Investment contends that it’s the rightful owner of the 46 branches formerly trading as Crane Bank and for that matter dfcu must pay rent arrears estimated to be $ 8.6 million. Meera says dfcu is occupying their premises (branches of crane bank) without their consent.
The Commissioner of land registration was sued alongside dfcu and is accused of conniving with the commercial bank to take the land away from Meera. Meera Investments claim it’s the “current registered proprietor of the freehold and Mailo interests in the land,” on which the branches sit.
Meera Investments wants court to direct the commissioner to immediately cancel out Dfcu Bank as being the right full owner of those said properties and reinstate them as the rightful owners. Meera in the suit insists the dfcu is trespassing on their property.