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THE Director of Deposit Insurance Board (DIB), Mr Isaack Kihwili on Wednesday revealed factors contributing to delay of execution of decree of 145bn/- payments, including possible decision of authorities in America to withhold large sum of FBME Bank Limited on money laundering suspicion. ....
Uganda’s DPF has disclosed through its latest report (2022/2023) that it aims to attain an enhanced mandate in deposit insurance by 2027 as part of its five-year strategic plan. ....
THE Sixth Phase Government under President Samia Suluhu Hassan has continued to record major achievements in the country. As it attained two years on Sunday . ....
‘Billions in deposits at closed banks not finding claimants’ 26 ‘Billions in deposits at closed banks not finding claimants’ BILLIONS of shillings that were deposited with seven banks are yet to be claimed by clients about three to four years since the institutions were closed, authorities affirm. Data from the Deposit Insurance Board (DIB), charged with protecting deposits in financial institutions, shows that out of 11bn/- in the hands of the liquidator, around 7.3bn/- has been claimed so far. Richard Malisa, the Acting Director of DIB, made this observation in a meeting with stakeholders of banks and financial institutions here yesterday. ....