Uganda leads in bank fraud cases in East Africa

[Koborer]

In Summary

• Uganda loses between $1 million and $10 million annually to fraud while Kenya and Tanzania lose more than $10 million, each annually.
• Uganda, however, tops the list of fraud cases perpetuated through cheques, with 50 per cent of cheque related fraud reported to be happening in Uganda compared to Kenya’s 44 per cent and Tanzania’s 14 per cent. The country also leads in mortgage and accounting and financial statements fraud.

Uganda leads in bank fraud cases in East Africa - Business - www.theeastafrican.co.ke

 

[Kishimbe wa Kishimbe]

And When we start using EA common currency Ungandans are really going to milk us!

 

[Makanyaga]

In Summary

• Uganda loses between $1 million and $10 million annually to fraud while Kenya and Tanzania lose more than $10 million, each annually.
• Uganda, however, tops the list of fraud cases perpetuated through cheques, with 50 per cent of cheque related fraud reported to be happening in Uganda compared to Kenya's 44 per cent and Tanzania's 14 per cent. The country also leads in mortgage and accounting and financial statements fraud.

Uganda leads in bank fraud cases in East Africa - Business - www.theeastafrican.co.ke

The implied picture one would deduce from this whole scenario is that either bankers in Uganda are not as keen as their counterparts in the rest of the EA countries or people in Uganda are comparatively more intelligent (especially those involved in fraudulent cases) than is in the other EA countries

 

[jebs2002]

Wasije wakawasingizia mashoga ndio fraudsters?!

Binadamu bana, tunapenda kuonea waliowachache na wasio nguvu...

 

[Koborer]

The implied picture one would deduce from this whole scenario is that either bankers in Uganda are not as keen as their counterparts in the rest of the EA countries or people in Uganda are comparatively more intelligent (especially those involved in fraudulent cases) than is in the other EA countries

He he he, well may be.