27 March 2024
Addis Ababa, Ethiopia – A recent system update at the Commercial Bank of Ethiopia (CBE) resulted in a security gap that was exploited by some account holders.
The bank offered a window of opportunity for those who took advantage of the situation to return the funds voluntarily. While a significant number, 14,441 individuals, took responsibility and returned the money, 565 individuals did not.
In an effort to recover the remaining funds and ensure accountability, the CBE has released a list of these individuals.
The list, which includes names, account numbers, and branch locations, is not yet publicly available. However, the bank has issued a firm warning: those who fail to return the money by Saturday, March 21, 2016, at 11:00 AM, will face significant consequences.
This final opportunity serves as a chance to rectify the situation without legal repercussions. However, for those who choose not to comply, the CBE has vowed to take action.
Details of the suspected illegal activity, including full names, photos, and relevant information, will be shared with legal bodies and institutions.
Furthermore, the bank will pursue criminal, civil, and administrative legal measures in cooperation with these entities.
This incident highlights the importance of ethical conduct and the repercussions of illegal financial activities.
The CBE’s firm stance on recovering the? funds demonstrates their commitment to financial security and accountability.
