Finance (234)

Court Adjourns Hearing Of Sudhir, Sebalu And Lule Case

The Commercial Court hearing of a case in which Crane Management Services (CMS), sued Sebalu & Lule Advocates over conflict of interest, has today stalled following the presiding judge, Justice David Wangutusi Wasieba “being unwell.”

According to the court registry, the trial judge is sick and unable to preside over the hearing of this case. The ‘conflict of interest’ case has been pushed to March 1, 2019.

Last December, Dr Ruparelia, the proprietor of Crane Management Services, filed a lawsuit in the Commercial Court saying that Sebalu and Lule Advocates were unfit to represent Bank of Uganda (BoU) and dfcu bank because they once represented Crane Management Services which owned Crane Bank in several court cases.

In his suit the businessman said; “In view of the advocate-client relationship between the applicant (Crane Management Services sued dfcu bank) and the 1st respondent (Sebalu & Lule advocates), the latter’s continued participation as defence counsel for the 2nd respondent (dfcu bank) herein, which is the defendant in High Court Civil Suit (HCCS) No. 109/2018 against the applicant/plaintiff, is prejudicial to the applicant’s head suit.” 

Dr Ruparelia told Watchdog Uganda in an interview that ‘this is wasting and time and money.’ “I and my team came ready to battle out this case. We can’t allow this to continue. They have done so many things to delay us but we have to agree with the law. First, all these lawyers know that what they are doing is unethical but we shall fight and see we get justice.”

Sudhir demands that the judge issues out a permanent injunction on Sebalu and Lule Law Firm banning them from appearing before the court as the shielding units for dfcu bank, and the other court cases that Crane Management Services and dfcu are engaged in.

In the case (HCCS No.109 of 2018), CMS is demanding for USD385,728 and UGX2,998,558,624 as rental arrears. This is before interest, general damages, interest on general damages and costs of the suit.

Dfcu is being sued on account of being the successor in title to Crane Bank (in receivership) and as such “having by its conduct assumed the rights and obligations under the tenancies in respect of the suit properties.”

Dfcu is also facing other law suits by Meera Investments Ltd, the property development arm of the Ruparelia Group, for “fraudulently” and “illegally” transferring 42 properties belonging to Meera into dfcu’s name. The property company wants dfcu evicted out of the 42 properties, currently hosting various dfcu branches.

Citizen Wants Museveni To Sack Incompetent Mutebile, Kasekende, Kasaija

President Yoweri Museveni must sack Bank of Uganda governors, Emmanuel Tumusiime Mutebile, Louis Kasekende and the finance minister Matia Kasaija because they are incompente, a petition by a concerned citizen, Dr Paul Bamutaze was been received by State House Anti-Corruption Unit on February 19

Dr Paul Bamutaze, reveals that he is concerned by the ongoing mismanagement of the affairs of the central bank and the illegal sale of properties of several banks such as Crane Bank, Global Trust Bank and National Bank of Commerce among others.

“The petitioner has been following the Cosase committee proceedings and was surprised at the shocking utterances by the Governor of Uganda ‘that liquidation reports are hidden away from him by his junior staff’ this is so worrying as to whether the Governor Bank of Uganda still has the authority over the management and affairs of the Central Bank of Uganda,” the petition reads in part.

“The Governor Bank of Uganda and the Deputy Governor are under a supervisory duty over and above all the employees of the Central Bank and in the best interest of the country’s economy. Your excellence, the Governor, Deputy Governor and the Minister of Finance have since failed in their ability to fulfill their administrative, managerial and supervisory roles.”

It is in this regard that Dr Bamutaze seeks President Museveni’s intervention by exercising his powers as the appointing authority and fountain of honour by relieving Mutebile, Kasekende and Kasaija of their duties whom he says have failed Ugandans.

“Your excellence, the actions of the Governor Bank of Uganda, the Deputy Governor Bank of Uganda and Minister of Finance have cause so much financial instability and if not immediately well handled are likely to cause an economic crisis,” says Bamutaze in a letter copied to among others the Speaker of Parliament, Prime Minister and NRM Secretary General.

He also requests the president to prompt an out of court settlement for the ongoing court matters between BoU and former Crane Bank owner Dr Sudhir Ruparelia as well as have Justine Bagyenda, former Central Bank Director of Supervision prosecuted for her heinous action and abuse of office.

“If this government is so much interested in the fight against corruption, the actions should beign now and the culprits be brought to book. It is for the fact Mr Oresident that the Central Bank has become a laughing matter from the public,” notes Bamutaze.

“As it is your excellence, the financial economy is currently stunted and the incompetence of the leadership at the Central Bank of Uganda threatens the economy but also shuns away potential investors and deters other business people to re-invest their monies in Uganda especially in the banking sector. Important to note is justice be done to the many employees that unfairly lost jobs as a result of the unconstitutional sale of the banks in question.”

COSASE Left These Bank Of Uganda Officials Exposed

Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) last week finalized probing top Bank of Uganda officials over their role in the alleged irregular closure and sale of seven commercial banks between 1993 and 2017.

The affected banks include, Teefe Trust Bank, Greenland Bank, International Credit Bank (ICB), Cooperative Bank, National Bank of Commerce (NBC), Global Trust Bank Uganda (GTB) and Crane Bank Limited (CBL).

The Abdu Katuntu-led committee kicked off the investigations in October 2018, relying on a 2017 forensic report by the Auditor General John Muwanga.

During probe, a lot of irregularities committed by the central bank officials were cited thus exposing the rot in institution that oversees the commercial banking system of the country.

The Members of Parliament are currently in Jinja writing a report that is likely to raise dust in case recommendations are adopted by government.

However, the big question is who of the top BoU officials is going to be a scapegoat for the freedom of others?

Prof. Emmanuel Tumusiime Mutebile

Though credited for keeping Uganda’s inflation in check, when it comes to the closure and sale of the seven commercial banks, Mutebile is highly blamed for turning a blind eye on the supervision and regulation of the financial sector.

The Governor, during Cosase probe admitted that he has never seen most of the documents related to the closure of several banks. He would later contradict himself that he signed documents in the sale of GTB after saying he never saw any documents.

Dr Louis Kasekende

As the Deputy Governor, Kasekende failed to supervise officials who were below him especially Justine Bagyenda, Ben Sekabira as far as the irregularities in the closure and sale of the seven banks are concerned. He also tried hard to stop the Auditor General from investigating BoU. He knew all was not well as far as Central Bank’s operations were concerned.

Kasekende is the one who approved Shs478 billion injected in Crane Bank but failed to provide accountability for all the money.

In a February 8, 2019 confidential audit report to the Speaker of Parliament Rebecca Kadaga, the Muwanga revealed that Shs272.6 billion of the Shs478 billion that was meant for Crane Bank liquidity support, could not be traced anywhere.

Justine Bagyenda

The former BoU Director in charge of supervision played a the leading role in the process of taking over of most defunct banks.

During the probe, Cosase discovered that with her position, Bagyenda had become so powerful to the extent of taking decisions without her bosses’ consent. She allegedly took a sole decision to sell off GTB, Crane Bank and NBC.

Ben Sekabira

Sekabira is the BoU Director Financial Markets Development Coordination. While appearing before Cosase he admitted that he was part and parcel in the closure of banks that were taken over in the 1990s. During that time Sekabira was the Statutory Manager and he is the oen who used to handover reports of the closed banks to his former bosses Edward Katimbo Mugwanya and Bagyenda. The said reports could not be traced.

The same Sekabira is also the one who told Cosase that as BoU injected Shs478 billion in Crane Bank, it only needed Shs157 billion to stay afloat before Bagyenda cleared its closure on October 20, 2016.

Edward Katimbo Mugwanya

Mugwanya, a former director at BoU who was appointed Statutory Manager for the sale of Crane Bank, admitted that he did not know how the money that was injected in the defunct bank was arrived at. At the time Crane Bank was closed, Mugwanya had never written any report on the liquidation process of the bank.

Margaret Kasule 

Margaret Kasule is BoU legal counsel. During the probe, she failed to figure out the particular people who ordered the closure of some banks. She also found difficulties in explain how the purchase and acquisition of liabilities agreements were reached at as dfcu bank acquired GTB in 2014 and Crane Bank in 2017. At one time she also failed to explain the status of properties of closed banks.


On the other hand, Kasule allowed Bagyenda to negotiate sales agreements for GTB and Crane Bank, without her (Kasule) getting involved so much.

SOURCE: WatchDogUganda

KPMG Failed To Complete Crane Bank Audit Report Despite Getting Paid Shs900m

KPMG, an international audit firm, was contracted by Bank of Uganda to audit the books of defunct Crane Bank for a period starting January 1, 2016 to January 25, 2017 but failed and has never produced a report despite being paid Shs900m for their services like IT support services related to the Tememos T24 software.

It is believed that the team at central bank did not have a competent and experienced resource with requisite expertise regarding CBL’s core banking system (T24). For that matter they sought the services of KPMG. And as it has come to be known, KPMG gave the central bank nothing.

Media are indicating the report KPMG was going to provide would be very vital and could give clues to who exactly took over Shs270 billion, that the Auditor General (AG) has failed to trace, out of the Shs478 billion that BoU injected into Crane Bank as liquidity support.

“The Statutory Manager (BoU) prepared CBL’s annual report and financial statements for the year ended 31st December 2016 and engaged KPMG to audit the financial statements for that period.

Further the BoU Board of Directors approved extension of KPMG’s coverage to 25th January 2017,” noted the AG in his confidential report, titled: “Special Audit Report on the UGX478bn injected into Crane Bank by Bank of Uganda” and dated February 2019.

“According to BoU management, the audited CBL annual report and financial statements for the period starting 1st January 2016 to 25th January 2017 were not submitted to BoU by KPMG, hence I was unable to rely on the accounts to confirm the receipt and expenditure of the liquidity support and other intervention costs amounting to UGX478.8bn injected into CBL between 20th October 2016 and 25th January 2017,” further noted the AG in his report to parliament. 

Crane Bank was taken over by BoU in October 2016 on grounds of undercapitalization, placed it under receivership before selling it to dfcu in January 2017.

In a February 8 2019 confidential audit report to the Speaker of Parliament Rebecca Kadaga, AG John Muwanga revealed that Shs272.6 billion of the Shs478 billion that was meant for Crane Bank liquidity support, could not be traced anywhere.

How City Lawyers Ill-advised Bank Of Uganda To Close Crane Bank

Members of Parliament (MPs) sitting on the committee of Commissions, Statutory Authorities and State Enterprises (COSASE) noted with concern the informal manner in which Bank of Uganda (BoU) officials conducted business with their partners on handling affairs of local banks that were later sold in a way you would call a fraudulent or with conflicted interest or mafiaism for lack of proper documentation as required by law.

This was after MMAKS Advocates the legal advisors to the central bank informed the committee that they never took any minutes as they transacted legal advice on the pre-takeover of Crane bank Limited.

Conflicted city lawyer Timothy Masembe of MMAKS Advocates was on Tuesday grilled by MPs sitting on COSASE who sought a detailed explanation on what role he played in controversial sale of Crane Bank to DFCU Bank.

Masembe, it is understood, pocked Shs 914, 272,722 for legal advice during Crane Bank intervention, resolution and advice on the sale of the Bank’s assets and assumption of liabilities to DFCU by the Central Bank.

Masembe previously represented Sudhir Ruparelia, the former owner of Crane Bank which was projected as insolvent resulting into closure.

It however, turned out that Crane Bank was sold out in bad faith by a few officials in the Central Bank who had ill motives about its operations in the way of expansion to spread branches countrywide.

It is Crane Bank’s fraudulent sale that has unearthed and exposed conspiracies orchestrated by Masembe, DFCU and Bank of Uganda.

While making his presentation, Masembe displayed documents from the Central Bank which were neither signed nor dated just like what DFCU did while appearing before the same committee last week and this angered MPs sitting on COSASE probing the irregular sale of seven banks to trash the documents.

Crane bank limited was sold in 2017 to DFCU at a deferred cost of Shs, 200bn on the orders of bank of Uganda upon advice by MMAKS Advocates.

Recently a team of lawyers from MMAKS advocates, headed by Apollo Makubuya and Masembe Kanyerezi appeared before COSASE to explain their role in the sale and closure of crane bank limited.

Masembe informed the committee members that the whole process of offering legal advice on the pre closure of crane bank (CBLl) took them 432 hours and for every hour they were paid 217 dollars totaled to Shs 312 at an exchange rate of 3.330.

It should as well be noted that in total MMAKS advocates were paid 914.2m for legal advice during the CBL intervention, resolution and advice on the sale of the Crane bank assets and assumption of liabilities.

The firm would rather be paid extra 3bn shillings as 5 percent commission on monies recovered from CBL shareholders which amounts was exaggerated to benefit some BOU senior staff who were involved in the sale of CBL.

During the hearings on Tuesday some legislators including the Busiro east Mp Medard Lubega Ssegona sought for minutes which capture legal advice given by the law firm to BOU, but Masembe explained that as lawyers, they never take notes and it was not their responsibility to do so.

“The issue of minutes has been for a long time a need to be guided in a formal meeting, who should be taking minutes of such discussions? Ssegona asked.

Masembe responded that,: “if minutes were to be taken they would have been taken by bank of Uganda, lawyers do not take minutes of meetings, it is not our role to answer whether minutes were taken that would be a question to bank of Uganda.

Aruu County MP Odonga Otto wondered how the huge sums of tax payer’s money could simply be paid to the law firm without a single paper to explain how they came to earn the amount.

“How can shs4.2bn of tax payers’ money be given for legal advice without any minutes? This is ridiculous,” MP Odonga Otto said.

The COSASE chairperson Addul Katuntu found it strange for a public institution to advance massive payments to a private law firm without any minutes for reference. The committee left wondering how bank of Uganda has made it a norm in the casual manner to handle public affairs without minutes and sometimes the needed due diligence.

“We need minutes of such meetings with the Central Bank that show the kind of legal opinion that you gave to the Central Bank. As a public institution, how does one say this was a proper payment?” Katuntu said.

Neither Bank of Uganda nor Masembe have failed to produce documents showing their terms of reference in offering legal opinion in the sale of Crane Bank.

The committee is expected to end its probe into the closure of seven defunct banks after which it will write a report expected to be presented on the floor of parliament before February 22.

The African News Journal is a Brand of The African News Journal Company Limited a Ugandan, News Media and Information company that gives the best researched and informative news from Uganda and around the world.

Source: Africa News Journal

Auditor General Says BoU Billions Injected In Crane Bank Can’t Be Traced

A fresh report by the Auditor General (AG) is pinning Bank of Uganda for misappropriating Shs272.6b which it alleges was spent on reviving Crane Bank Limited. Daily Monitor newspaper reports that the stinging confidential report is the Speaker of Parliament, Ms Rebecca Kadaga.

The queried sum is part of Shs478b Bank of Uganda officials claim to have injected into Crane Bank as liquidity support and other costs before selling it to dfcu Bank at Shs200b.

The central bank took over Crane Bank on October 20, 2016, for three months and later sold it without proper valuation. Parliament is investigating the closure of Crane Bank and six other commercial banks.

According to BoU Governor Emmanuel Tumusiime- Mutebile, Crane Bank was under-capitalised and its precarious financial status posed systemic risk to the entire banking sector.

In the February 2019 “Special Audit Report on the Shs478b injected into Crane Bank Limited by Bank of Uganda”, the AG found that BoU officials approved and remitted $53.16m (more than Shs195b) to Crane Bank by Telegraphic Transfers (TTs).

The money was allegedly requested by undisclosed Crane Bank customers and was later released through the bank’s Nostro Account 3582025085001 after BoU officials sent instructions to Citi Bank in New York.

“I traced the accounts in the CBL in the TT requests to CBL Nostro account statement and confirmed that the amounts in the requests tallied with the transfers from the Nostro Account.

However, I was not able to confirm the final recipients of the respective transfers from the CBL Nostro account as the account didn’t indicate the beneficiary account names, account numbers and beneficiary bank,” the AG report states in part.

The MPs on the House Committee on Commissions Statutory Authorities and State Enterprises (Cosase), who are investigating closure of seven commercial banks want BoU officials to account for the public funds.

A nostro account is an account that a bank holds in a foreign currency in another bank. Such accounts are frequently used to facilitate foreign exchange and trade transactions.

The Auditor General, Mr John Muwanga, has also queried an additional Shs77.5b that BoU officials claim they transferred to 46 Crane Bank branches across the country.

“I was not able to confirm that the funds [recorded in cash accounts] were withdrawn by bona fide account holders at the respective branches because the daily teller transaction reports provided didn’t indicate the customer account numbers and customer names,” the AG states in his report.

Although Ms Charity Mugumya, the BoU head of communications, said she was “out of office until next week,” the BoU officials led by the deputy governor, Dr Louis Kasekende, told the AG that Crane Bank upgraded the banking software from the Bank Master Core system to T24 system, bringing out the “mismatch” in information. “Linking the two systems by dfcu Bank has been a tedious process that might require more time,” the BoU response to the audit query read in part.

BoU has requested dfcu to embark on the process even as the investigating MPs led by Cosase chairman Abdul Katuntu begin to scrutinise the AG’s latest findings on the expenditure of Shs478b.

The AG, however, did not access all the information about the customer account details to confirm the distribution of the money due to the principle of banking confidentiality.

The AG also states that audited Crane Bank annual accounts for the period starting January 1, 2016 to January 25, 2017 could not be traced, thus complicating the situation further.

In trying to establish whether the money to Crane Bank for liquidity support was not abused, the AG said he was unable to rely on the draft financial statements provided by BoU statutory manager.

The missing details of the recipients of the money came to the fore after Cosase, which is investigating alleged irregularities in the closure of seven commercial banks, ordered for a special audit into the accountability of Shs478b.


URSB Fails To Explain Incorporation Of Two Cooperative Banks

Recently parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) learnt that two banks named ‘Cooperative Bank’ were operational in 1999.

This revelation unearthed questions regarding the particular identity of the bank that was closed in 1999. This prompted cosase to invite representatives of the Uganda Registration Services Bureau (URSB), the agency mandated to incorporate companies and businesses.

However, during their cosase appearance, led by the Manager Business Registration, Robert Mugabe, on Tuesday, URSB officials could not explain to MPs why the second registration of the Cooperative Bank in 1997 took place even as the first one bank exited since 1964.

The Cooperative Bank was closed on May 19, 1999 by the Bank of Uganda (BoU) due to continued poor performance and non-compliance with regulatory capital adequacy requirements.

It was one the seven commercial banks closed by Bank of Uganda between 1993 and 2016 majorly for being undercapitalised. The others included Teefe Trust Bank, Greenland Bank, International Credit Bank, National Bank of Commerce, Global Trust Bank and Crane Bank Limited.

COSASE Chairman Abdu Katuntu faulted URSB for registering the second Cooperative Bank in 1997 without finding out whether the first still existed or not. Apparently there is no resolution by shareholders indicating that the first Cooperative Bank closed.

Some of the former owners last week told MPs they have never discussed the resolution of the bank. They wondered how some individuals led by businessman Dr William Kalema, a former board member registered the second bank in the exact names.

Last week BoU top officials when asked by the MPs said they closed The Cooperative Bank that was registered in 1997, yet the same was using the assets of the bank that was registered in 1964.

MP Abdu Katuntu said there could foul play somewhere with some individuals wanting to take over the assets of the former bank.

According to BoU officials, the process of winding up the Cooperative Bank is ongoing.

However, shareholders of the former bank while appearing before the MPs said they would want their bank re-opened for business much as months ago, BoU Governor Prof. Emmanuel Mutebile said the closed banks can never be re-opened for business.

According to the Auditor General John Muwanga who investigate BoU over the sale of the seven banks, the loans assets of Cooperative Bank were amalgamated with those International Credit Bank and Green Bank before they were sold to Nile River Acquisition Company (NRAC) at 93 percent discount. That mean that the total loans book value of the three banks worth Shs135 billion were sold at only Shs8.8 billion by BoU. The MPs are still investigating this matter.


MMAKS’s Masembe Submits Lacking Documents To COSASE

Embattled lawyer Timothy Masembe of MMAKS Advocates appeared before MPs on parliament’s Committee on Commission, Statutory Authorities and State Enterprises (COSASE) Tuesday afternoon for grilling in the ongoing Bank of Uganda probe.

Masembe was supposed to explain his role in the sale of Crane Bank Limited to DFCU Bank because his law firm, MMAKS Advocates, played the role of transaction advisor and debt collector and was paid over Shs4 billion without proper documentation or receipts.

MMAKS Advocates were paid Shs914 billion for legal advice during CBL intervention, resolution and advice on the sale of CBL assets and assumption of liabilities.

The firm would further be paid extra Shs3 billion as 5 per cent commission monies recovered from CBL shareholders. The MPs think that those payments to MMAKS were exaggerated to benefit some BoU senior staff involved in the sale of CBL.

MPs asked for records or minutes from meetings between MMAKS Advocates and BoU which culminated to disbursement of such monies.

Masembe could not give documents or minutes of the meetings related to payments to his firm, arguing that lawyers don’t take minutes of meetings and pushed that responsibility to BoU officials.

“How can Shs4.2 billion of taxpayers’ money be given for a legal advice without any minutes?” MP Odonga Otto asked.

COSASE Chairman Abdu Katuntu also found it strange that BoU paid all that money to MMAKS without any minutes or reference.

“We need minutes of such meetings with the Central Bank that show the kind of legal opinion that you gave to the Central Bank. As a public institution, how does one say this was a proper payment?” Katuntu fumed.

On December 9, 2016, BoU through MMAKS Advocates invited 13 bidders to bid for the purchase of assets and assumption of liabilities of CBL.

CBL was closed by BoU in October 2016 on account of undercapitalisation as it needed Shs157 billion to stay afloat. BoU officials as lender of last resort did not help CBL but instead decided to put it under receivership where officials said they injected in Shs478 billion of taxpayers’ money as liquidity support but the money has not been accounted for.

MMAKS received part of this money in payments, according to the Auditor General John Muwanga who investigated BoU on the closure of banks. The law firm also is accused of conflict of interest as their lawyers also serve as directors of some commercial banks.

However, Dfcu Bank bought assets of CBL at Shs200 billion, paid in installments, moreover interest free. Last week DFCU Bank failed to present all documents related to the sale of CBL.

SOURCE: Eagle Online

COSASE Orders MMAKS’s Masembe To Appear Before Committee In Person

Parliament’s Committee on Commission Statutory Authorities and State Enterprises (COSASE) chaired by Abdul Katuntu has summoned controversial lawyer Timothy Masembe of MMAKS Advocates to interface with the committee investigating the irregular closure of seven banks by Bank of Uganda.

The lawyer is expected to explain his role in the controversial sale takeover of Crane Bank by Bank of Uganda in 2016 and also the role he played when the central bank sold Crane Bank of DFCU Bank in 2017.

Masembe had earlier snubbed the summons to appear before the committee but now that his representatives were kicked out of the probe by the committee this morning, Masembe must now appear in person in the afternoon.

According to media reports, Masembe was paid over Shs900 million in the sale of Crane Bank to DFCU, a deal that sparked off debate and subsequently compelling Parliament to commission an investigation into closure/sale of 7 commercial banks.

Masembe’s representatives, however, failed to avail vital documents as requested by the committee. COSASE’s Abdu Katuntu ordered them to return at 2pm with all supporting documents and also summoned lawyer Masembe to appear in person.

Nyakasura School Blames DFCU Bank For Financial Mess

A secondary school in Kabarole district, western Uganda, is blaming DFCU Bank and other banks of failing to protect their money that was stolen by its employee.

The school been spearheading the fundraising drive targeting various innovation projects but has since lost money entrusted with commercial bank among which is DFCU Bank.

Trumpet News reports that Faisal Bahati, a former staff of DFCU and also a treasurer on the committee of the school’s committee accessed and withdrew the funds through deceitful means.

Although Faisal is in police custody and acknowledged stealing the money totaling to Shs130 millions from three banks, DFCU is yet to refund Shs98 million as earlier promised due to the institution’s negligence.

Bahati, who was among the three signatories, connived with other banks’ employees to withdraw the money. The trio have since been fired by the institution.

In 2017 the Nyakasura School Alumni embarked on a fundraising drive targeted at various innovation projects at the School. A lot of people contributed generously and a 165,000,000/= was realized in cash and pledges.

The school then embarked on a number of key projects and other solicitation initiatives which include, renovation of the water hydram pump, completed the renovation of Balya House, embarked on landscaping, held several corporate social responsibility activities and many more.

Early this year, the committee learnt of theft of their funds orchestrated by a DFCU bank staff, Bahati, who withdrew the alumni funds through deceitful means.

The amount of funds he withdrew from all the three bank accounts is: 30,000,000M (thirty million shillings) from Centenary account, 5,100,000M (Five Million, one hundred thousand shillings) from Equity account and 98,000,000M (Ninety-Eight Million shillings from DFCU.


Subscribe to this RSS feed