Stanbic Bank Chases Staff Who Stole N75m Customers’ Funds.

Stanbic Bank, Ghana has assured that it is working with the relevant authorities to apprehend a worker who reportedly made away with about N75 million naira worth of customers’ funds.

The bank in a release by Bennet Frimpong, Acting Head Marketing and Communications said the bank is also working to fully secure the interest of its customers who were affected.

He said “At Stanbic/StanbicIBTC Banks the protection of our customer is paramount and always remains our primary objective”.

The bank had also put out a ‘wanted by the police’ notification on the suspect who was identified as Miss Martha Amakye with her picture.
The notice stated that the bank has received a number of reports of fraudulent activities involving Miss Amakye, who is a Personal Solutions Consultant at the Tema Community 1 Branch of the bank.

Amakye who is attached as an outsourced staff from Noswall Management Service reportedly absconded after the Financial Crime Control Unit of the bank found out she was involved in some fraudulent transactions.

It was gathered that Amakye, collected various sums of money from customers of the bank between 2015 and 2016 on the pretext of investing it in fixed deposits.

After that, she reportedly promised the customers interest rate of between 18 and 20 per cent per month without the consent of the management of the bank. The victims and many other customers were lured with the promise of high interest rate on their investment.

According to the reports, investigations conducted by the Commercial Crime Unit of the Criminal Investigations Department of the Ghana Police Service and the Financial Crime Control Unit of the bank, had revealed that most of the victims paid their funds meant for the investment to Amakye in the banking hall, while others gave the money to her outside the bank.

After collecting the money, Amakye is said to have issued the victims with copies of deposit slips suspected to be fake.

At a point, she allegedly paid what she claimed to be interest accrued from the fixed deposit investment to some of the initial investors but retained the principal amounts, with the explanation that the amount would be reinvested.

This was said to have attracted more customers from other branches of the bank who trooped to the Tema Community One branch of the bank on hearing about the juicy package.