DFCU Staff EXODUS continues as Senior Bank Staff quit

By DailyNewsUG Business Correspondent

DAILYNEWS UG |Kampala, Uganda| DFCU senior-management team continues to quit the Bank ever since DFCUs fraudulent take over of Crane Bank. .

With the exodus of top officials from Dfcu Bank, the latest is the exit of Agnes Tibayeyita Isharaza who is now head of legal services at the National Social Security Fund (NSSF).

Ms Isharaza was days ago appointed to that position by the Minister of Finance Matia Kasaija who supervises NSSF.

However, sources say Ms Isharaza joined NSSF, having disagreed with the board of Dfcu Bank, Jimmy Mugerwa over certain business decisions but particularly her refusal to be used to drag journalists to police over what he termed as bad publicity.

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Above: Jimmy Mugerwa DFCU Board Chairman and Justine Bagyenda who triggered fraudulent sale of Crane Bank to DFCU

Her departure from Dfcu Bank is just one of several others that are happening as top employees look for green pastures elsewhere. A source said.

Agnes Isharaza replaces Mr Richard Wejuli Wabwire, who in February was appointed High Court Judge.

Ms Isharaza joins NSSF from dfcu Bank where she has been the bank’s chief legal officer and company secretary.
In a statement issued yesterday, Mr Kasaija said the appointment, which takes effect on April 1, will see Ms Isharaza serve on a five-year contract.

DFCU with Pleasure

The appointment, the statement said, was on recommendation by the NSSF board headed by Mr Patrick Byabakama Kaberenge.

NSSF, which currently is Uganda’s largest pension fund, has an investment portfolio of Shs7.78 trillion.
Ms Isharaza yesterday said given NSSF’s unique mandate in the socio-economic development of Uganda, she will commit much of her time in helping the Fund to attain milestones under the 2025 Strategic Plan.

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Ms Sharaza holds a Bachelor of Laws from Makerere University, a post graduate diploma, legal practice fromLaw Development Centre and an Executive MBA from Eastern and Southern African Management Institute (Esami).

She has 16 years’ experience and has previously served as a board member on the Capital Markets Authority (CMA) from 2011 – 2017, where she represented Uganda Bankers Association.

She has also served as the chairperson of the legal and regulatory affairs committee of Uganda Bankers’ Association.
In 2017, Ms Sharaza was nominated for the Women in Law Awards, Best Female Corporate Lawyer (Corporations) category, emerging the second runner up.

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