STANBIC USD1.8 MILLION THEFT: Bank speaks out; confirms theft but denies there was an intrusion of its IT systems

Stanbic Bank Uganda, has spoken out about the brazen theft of USD1.8 million from one of its customers, Nile Energy Limited. In a brief statement released today, the bank acknowledged the incident, but at the same time denied there was an intrusion of its systems as had been reported in the media.   “Stanbic Bank Uganda acknowledges the arrest of ten people, with the help of the Uganda Police, suspected of fraudulently withdrawing money off a bank customer’s account using forged documentation. The suspects have since been produced before the anti-corruption court and charged with “causing financial loss and money…