We now have alleged vanishing funds from Equity Bank and Zenith Bank customers’ accounts! Although this may not be exactly as it is being trended online, there are claims that this could be the new trend in some banks in Africa. So, could it be the new wave – a wave of vanishing funds from commercial banks’ customers’ accounts? Otherwise, why would a customer’s funds suddenly vanish from their accounts with their banks claiming ignorant of it?
The gist:
There have been stories of people losing their money at both Equity Bank in Kenya and at Zenith Bank in Nigeria.
At Zenith Bank, people’s dollars in their Domiciliary accounts are vanishing without trace.
Complaints of $11,000 vanishing and another to the tune of N4 million.
Another report just came in that a customer lost $6000 just like that.
READ ALSO: Bank Fraud: Tips To Avoid ATM, POS, Fuel Pump Skimming
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At Equity Bank in Kenya for instance, tweeps have said that several types of fraud have been recorded by customers.
They said many customers have lost various sums of money.
Championing the trend on Twitter is a tweep, Kimuzi with handle, @Kimuzi_ who claimed that his aged mum lost funds from her Equity Bank account.
Guys, if you have been swindled by Equity Bank,kindly dm me with concrete evidence. There are lawyers and advocates ready to handle mass lawsuit against them. RT
— Kimuzi (@Kimuzi_) February 3, 2023
This stories of people losing their money at equity bank are damn scary and heartbreaking. Too many to ignore.
I don’t bank with them but if I did I would be on my way out ASAP. #BoycottEquityBank— Humphrey M • (@Humphrey_MM) February 3, 2023
Here are other people’s complaints of alleged fraud on their Equity Bank Accounts:
Hi equity there seems to be a fraud in my account,my account seems to have been withdrawn 31000 is missing and my equity app isnt working says error in connection
— Mwaniki Nyamu✳™ (@coolkmwaniki) May 29, 2019
This is similar to a brief that I am currently handling where my client lost almost 500K(her entire savings) in a similar manner. It is horrible.
— Ken K (@gitumakk) September 26, 2019
Equitel is the mother of all fraud.. They scammed almost 700k from my mum as well. Retirement proceeds and all she got was an OB no too@keequitybank
— Richard Murimi (@murimimuriuki) July 22, 2020
Just when I was about to open an account then waah https://t.co/JLSv1Gz0uB
— 𝑺𝐀𝑫✞̶᭄͟͞🥀 KOT 🇰🇪🇰🇪 (@omwamba_jr) February 3, 2023
💔💔💔 pic.twitter.com/BPaKAjddEt
— Kimuzi (@Kimuzi_) February 3, 2023
A woman I personally know came to narrate a story about her account with @KeEquityBank. She was banking there, and stopped for a while when her account had some few thousands. When she went back she found it nil and inquired why.
She was told “pesa ilichukuliwa na serikali”!!
— Di$moh (@Dismoh) February 3, 2023
A client complains about your services. What do you do? Kenyan brands? Anyone? (Equity Bank raises their hand). Yes Equity! (Equity clears throat, adjusts itself and roars): SUE THEM! https://t.co/7CvXB7Scf7
— Juma G 🇰🇪 (@jumaf3) February 3, 2023
Equity Bank as a corporate entity is about to make a fatal mistake here. And, somebody somewhere ain’t know a thing about ‘streisand effect’
Streisand effect- is a fatal mistake-trying to hide, remove,or censor information can lead to the unintended consequence. https://t.co/MQoMCM4iFR
— Marsden Katana (@marsden_katana) February 3, 2023
Equity bank 🏦 nowdays unsafe, kabiza;guys Run,how can someone withdraw cash from the same account using different phone numbers in a single day?🥱🥱 https://t.co/bOUdHAUZBw
— Mutai Laban🕊️ (@mutai_laban) February 3, 2023
If I ever get my acc cleaned I am camping outside the bank with placcards hadi wanirudishie pesa zangu. https://t.co/KOu266wOKW
— Ang (@aangiengugi) February 3, 2023
@njorogep @CBKKenya @DCI_Kenya illegal activities happening at Equity bank – account fraud, online bank fraud sim swap etc. Even taking advantage of the elderly!
@njorogep @CBKKenya @DCI_Kenya illegal activities happening at Equity bank – account fraud, online bank fraud sim swap etc. Even taking advantage of the elderly!
So many complaints online. Below is an example
Pls intervene!!! https://t.co/cnhuopjRkD
— Jacquiline Waithira (@Jwkinuthia) February 3, 2023
Similarly, Zenith Bank Customers in Nigeria have equally complained of losing funds from their axcounts.
Some have gone on Twitter to express their dissatisfaction.
So @ZenithBank has stolen $6000 dollars from my DOM account.
Lmao! Zenith bank, you guys are about to see crazy!
— Toni Tones (@iamTONITONES) February 3, 2023
$11,000 stolen from someone’s Zenith Bank [dom] account.
Make it an important task today to close your account with Zenith Bank.
— Máfejópami (@VillageParrot) February 1, 2023
UPDATE:
Some minutes ago, Actress Toni Tones revealed that the sum of $6,000 has just been stolen from her ZENITH BANK [dom] account.
If you forgot to do it yesterday, remember to do it today: CLOSE YOUR ZENITH ACCOUNTS. https://t.co/0Ud0xaxzrk
— Máfejópami (@VillageParrot) February 3, 2023
Zenith Bank, Epe branch pic.twitter.com/ZBq5yemq2P
— Prince Iykman (@gardenofedenzz) February 3, 2023
if you have money in Zenith bank and they steal the money…you have coconut head and at this point…what you see is what you get.
— Bambo the Lord Nocturnal (@boks84tm) February 3, 2023
Leave Zenith bank alone. Something is just not right. No other bank has this many people complaining about fraudulent activities on their bank accounts. 11k dollars today, the other day was a girl’s entire savings of 4 million. There is something they’re not doing right. https://t.co/9pQl3BUJVq
— Amy (@Miz_Amy_) February 1, 2023
What’s this series of tweets of people losing money in their domiciliary zenith bank accounts?? Ah Ah!!
Dollars fgs?!
How are people still banking with them?I got 2 POS debits from UBA & it’s been bye bye ever since, I only put money into the account to pay for things via card
— Bobby 🧟♂️ (@bobbyfressh) February 3, 2023
Zenith bank just debited me without me seeing my money Jesus what did I do to deserve this country
— Kay0de (@_johnamoo) February 1, 2023
Meanwhile, the recent vanishing of people’s funds may not entirely be unconnected with the use of POS.
So fraudsters are posing as POS agents to steal information on people’s ATM cards and sweep their bank accounts.
Consequently, Bank Fraud has become very common as too many people keep falling victims to different types of bank frauds.
Also, skimming, which is a form of fraud having to do with bank accounts, is one of the commonest scams right now.
Protecting yourself from bank frauds like ATM, P.O.S skimming or fuel Pump skimming should be among your top priorities right now.
Read our full report of tips to avoid bank frauds here.
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