Bernard Momanyi reports from Nairobi:
A man who claims to be a Russian was arrested in Nairobi on Thursday after he was found withdrawing money from an automated teller machine (ATM) while in possession of 107 fake bank cards.
The man was arrested at the CFC Stanbic branch on Kimathi Street at about noon, police and bank officials said.
[…]
Sources at the Banking Fraud department said an average of Sh100 million is stolen every month in fraud-related cases across the country. [that may or may not be $1,325,398.46/month, depending on whether I did the conversion correctly — Dissent]
Last month, a total of Sh130 million was stolen in multiple fraud cases reported in banks and other financial institutions countrywide. The Banking Fraud Investigations Department said it received 43 cases which involved 53 suspects who were allegedly involved in the reported fraud.
[…]
Much of the money was stolen through stolen blank cheques, Electronic Funds Transfer, loans counterfeits; computer fraud, theft by servant and forgery.
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