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Absa Bank Uganda: Police start probe into Shs 36 million online Banking fraud

By Davis Mugabi

The Central Police Station in Kampala (CPS, Kampala) has started a probe into circumstances under which a client’s money was withdrawn from his account in one day. A total of Shs 36 million was lost in the fraudulent transactions. 

Absa Bank, in a statement, recently declined to reveal details of the fraud. However, the bank indirectly points to mobile banking as the cause of the fraud.

However, the client lost money in bits until it reached Shs 36 million. 

“The case is investigating a case of alleged electronic fraud involving a matter logged under your reference 23778598 of Absa Bank regarding disputed transactions…,” reads part of the sumon to Absa Bank Uganda. 

The bank officials are expected to report for statement recording on April 23, 2024.

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