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Juma Kisaame
Former Dfcu bank boss Juma Kisaame. Courtesy photo

Ex-Dfcu Boss Juma Kisaame Forced to Explain Leaked Multi-billion Bank Account Balance

Mid last year, a bank statement of an account reportedly belonging to Kisaame leaked showing that the senior banking executive had a whopping $40 million (Shs148,000,000,000) on his Bank of Africa account
posted onFebruary 7, 2019

By Max Patrick Ocaido

The Parliamentary Committee on Commissions, Statutory Authority and State Enterprises (COSASE) on Thursday forced former Dfcu Bank Managing Director, Juma Kisaame to explain his recent leaked bank account statement.

Mid last year, a bank statement of an account reportedly belonging to Kisaame leaked showing that the senior banking executive had a whopping $40 million (Shs148,000,000,000) on his Bank of Africa account.

It is against this background that the committee while meeting key witnesses from Dfcu in the ongoing Bank of Uganda probe tasked Kisaame to verify the authenticity of the leaked bank account. The matter was raised by Aruu County MP Odonga Otto in a meeting that ended at about 7.30pm.

“Can Mr. Kisaame actually confirm if this bank account number from Bank of Africa belongs to him?” Odonga said after presenting the printout of the Bank statement to him.

In response, Kisaame hesitantly told the MPs that the leaked statement is fake and that the account number does not belong to him.

“This is a fake statement. This is not my account number and I request that Parliament verifies it,” Kisaame said.

This prompted Odonga Otto to probe him further asking, “The statement may not belong to you but is this your account number?”

“I don't have such an account,” Kisaame replied.

COSASE Vice chairperson Anita Among who was chairing the session vowed to verify the leaked Bank account statement using their sub-committee. 

“We shall verify this and if we find it that it is yours then we shall let him know through our subcommittee,” Anita said.

Earlier, Kisaame had been put on oath after the committee suspected that he was giving false information in regards to the Purchase of Assets and Liabilities Agreement of defunct Crane Bank from Bank of Uganda.

It should be noted that Bank of Africa last year released a statement apologizing to Kisaame over his leaked huge bank account.

In a statement, the Bank of Africa apologised to Mr. Kisaame for the breach and said staff involved in leaking his account would be reprimanded and handed over to police for criminal investigations.

“Management carried out an extensive investigation and established that one of the staff was compromised to access Mr. Juma Kisaame’s accounts. Confidential details relating to the accounts were leaked to the outsiders and apparently used to create distorted allegations about Mr Juma Kisaame’s account details,” the statement reads.

“The Bank wishes to apologise to Mr. Juma Kisaame for the inconveniences and any damages caused by this regrettable incidence.”

Kisaame and Dfcu have been in the spotlight following the bank’s takeover of Crane Bank in January 2017.

The Auditor General has in a new report since criticised the takeover and the manner in which other five commercial banks were sold by Bank of Uganda.

Dfcu ‘bought’ Crane Bank from Bank of Uganda (BoU) in a process that Auditor General says wasn’t transparent given that Dfcu was the valuer turned purchaser of the same bank.

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