Everyday millions of people lose their money in unknown ways from their bank accounts.
Banks are places where most of the people keep their documents and money safely but its unfortunate that they have become the major places of theft.
In the world, Uganda is among the countries that have not recognized and utilized banks due to some of their advantage.
According to the statistics from world bank at least 16-17 million people from Uganda are having bank accounts with 87% citizens without accounts.
Of the 17 million people with accounts in banks, 5% of them have money on their accounts and they use these accounts for money transaction.
The increased theft in banks has become the major reason why people are running a way from them.
Due to the technology used in most of the banks,81% of the money in the bank is lost by external penetration, 15% of money by bank employees fraud and 3.35% staff collision with fraud stars.
According to the reports from the police of cyber crime, the theft cases by use of technology have increased from 82 cases in 2022 to 104 cases in 2022-2023 in the last report.
According to the reports from the police of cyber crime the theft cases by use of technology have increased from 82 cases in 2022 to 104 cases in 2022-2023 in the last report.
It is said that most of the people deposit money on their accounts and on the time of withdraw, they find nothing on their accounts or some of them receive messages that tell them to have withdrawn a certain a mount from their accounts.
one cannot woke up in the morning and stole the money from the bank accounts with out the management awareness.
TV 10 has learned that at least most of the workers in banks are from the community which means they have different intentions. For someone to get money from someones account to another ones account, the management of the bank has to be aware of what is going to happen since their are the three steps that are initiating, verifying and approving.
There are very many departments in banks which should be their to see all transaction and how they are being handled and that is the Audit Department and the risk department.
A case in point is the the scandal of crane bank before its closure where its boss transferred all the money to his accounts in India and here the blame should be put on the Central bank and the Financial intelligence bank these are their to monitor the transaction of the money going abroad.
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According to TV 10 reliable sources ,every citizen has the opportunity to raise their voice through asking in case one has lost money from his or her account .
Their are three ways of money transfers and these are; money transferred from your account to someones else account which is internal transfer and the transfer of money from your account to your other account in other bank or on your phone mobile money.
A common individual doesn’t know the systems used in banks since all the systems used are all created by the bank and if you trust them with your money and find your money missing, it means you have the opportunity to be paid back your lost money.
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