News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

My Biz

Submit content

My Account

Advertise with us

Retail News East Africa

Subscribe & Follow

Advertise your job vacancies
    Search jobs

    Fraud: Citibank experts to probe Ethiopian national bank's security code system

    Experts from Citibank, the New York-based banking giant that recently was swindled of 27 million dollars from the Ethiopian National Bank's US account, have scheduled to visit the National Bank of Ethiopia (NBE) within the next few weeks to verify NBE's SWIFT security code system through which the two banking entities have been communicating.

    NBE had made a claim to Citibank for the amount defrauded.

    A source close to the issue at NBE told Fortune that the international banking giant is sending its experts to verify the strength of the security system the national central bank.

    Read the full article here.

    Let's do Biz