Ethiopians return $10mn disbursed in bank glitch ...News

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Over 9,000 clients have given back the entire amount they were able to withdraw during a system malfunction on March 16 The Commercial Bank of Ethiopia (CBE) has retrieved 622.9 million birr (over $10 million), accounting for 78% of the money it lost in a recent glitch that allowed customers to withdraw more funds than they had in their accounts, the institution’s president has announced. Abe Sano told reporters on Tuesday that 238,293 “illegal” ATM transactions and digital transfers were made through 25,761 accounts when the East African nation’s largest bank experienced a system malfunction on March 16. The bank

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