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Another Customer Links Stanbic Bank To Fraud

Stanbic Bank Kenya Chief Executive, Charles Mudiwa has tolerated fraud at the money-laundering bank.

Another customer has linked Stanbic Bank to fraud, a few days after this blog revealed that four mid-level staffers were suspended after being involved in signature fraud.

The customer revealed that the husband who is a priority customer with Stanbic Bank Kenya and has been banking for almost 8 years was defrauded by the Stanbic Upper Hill branch, a saga the management tried to hide.

” My husband is a priority customer with Stanbic Bank Kenya. Banking for almost 8 years. And there is a serious Banking Fraud wish to bring to your notice.

The fraud happened on 17th Dec’2019 at Upper Hill Branch which is his parent branch.

17th Dec morning, we went to withdraw 5000 USD, the teller 3 counted in the counting machine. After a few seconds ( suppose putting the bills in an envelope, which is invisible action in Upper Hill branch) handed over an Envelope, that we trusted has 5000 USD and left. Evening we opened the envelope, it had 1 USD bills instead of 100 USD Bills! ( so the total was 1 USD x50, instead of 100 USD x50), Posted the customer on social media.

According to the customer, the bank’s management has been playing games with him to the extent of editing CCTV footage to hide the fraud from him.

” He had highlighted this to Standard Kenya team, including the Relationship manager. He met them thrice, viewed CCTV footage, and absolutely shocked that Camera coverage is not even 50%, blurred. and edits done as well.

According to them, the security system is outsourced and they don’t control cameras!” lamented the customer

Stanbic bank has been riddled with insider fraud involving staff members, something that management is tolerating because junior staffers are used by seniors to execute then dumped.

On Sunday after we exposed the Signature fraud at Stanbic. The scandal involved forging signatures of dead people and withdrawing money before being approved by the management. The staffers suspended are from the Stanbic bank Kenyatta Avenue.

Four Mid-Level Staffers suspended Over Stanbic Signature Fraud

The management held an emergency meeting and instead of raising an issue about the fraud, kept lamenting on who had leaked information to the editor of this site as if that is what that mattered.

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