FBME – Notices on 12 May 2017

Notice to Depositors dated 12 May 2017 is given that:

  1. Deposit Insurance Board (DIB) has commenced the process of stocktaking and verification of assets and liabilities of the said FBME Bank (Under Liquidation) (FBME).
  2. Depositors of FBME will be notified by DIB of the Pay-out Plan of their protected deposits in accordance with the law upon completion of the verification of the deposit liabilities.

NB: no timeline has been given for notice to depositors of the Pay-out Plan.

Also, DIB has given a Notice to the General Public dated 12 May 2017 including that all creditors other than depositors of FBME should submit their claims with supporting documents not later than Monday, 12 June 2017.

Latest News

SIM card registration (Tanzania 2020)
It is mandatory for users and owners of SIM cards in Tanzania to register by 30 June 2020 biometrically with their respective mobile network operators or...

Plant Health and Pesticides Bill – Tanzania 2020
A Plant Health Bill has been passed in Parliament in May 2020. It is in the process to be formally enacted. It is intended...

Bail in Tanzania – Section 148(5) Criminal Procedure Act
We understand that the High Court of Tanzania ruled on 18 May 2020 that Section 148(5) Criminal Procedure Act (which denies bail to accused...