How Safe Is Our Money In The Banks?

It seems banks are not the revered places that we once thought. Just a week after writing about a friend who suffered an infiltrated account under an indigenous bank, today the daily nation money magazine is reporting the case Mr. Walubengo who had chillingly similar woes but this time with a local subsidiary of a heavily capitalized international bank which they say was among last year’s aggressive lenders.

Mr. Walumbengo and his wife Alice first lost Kshs.32,000/-in 1996 when they were transferring their money from the Nyeri to Nairobi branch. The money seems to have disappeared in transit with the Nyeri branch insisting that they had transferred it while the Nairobi branch of the same bank denied receipt of the same. They traveled extensively to Nairobi trying to trace their cash but gave up in frustration as the bank kept passing the buck between the branches. They decided to let go of the money.

February this year the couple noticed some curious ATM withdrawals from their statements. Another Kshs.32,000/- had disappeared from their accounts between December, 2007 and January, 2008. Some of the withdrawals were made at midnight in locations where they didn’t even know the bank has ATMs. Incidentally the withdrawals were made in branches where the ATMs have no security apparatus like CCTV. The bank insisted that the withdrawals were made using Mrs. Walubengo’s card and heaped blame on her for letting someone else access it. But according to her nobody else except her husband knew her PIN number. They were simply asked to retrace their steps while the bank too carried out their investigations.

But the bank was not done with the couple yet. Even after reporting the case, another Kshs.4,000/- disappeared and they decided to freeze the account. Two weeks later they were hit with another weird withdrawal of Kshs.31,000/- in cash advances even when for over 10 years they had never used a credit card to withdraw cash. They closed the account in frustration. But after the credit card saga, an account that the couple keeps with the same bank for heavy medical expenses was infiltrated and they lost a further Kshs.43,000/-. The bank is still investigating that too.

An employee of the bank admitted that there are numerous card fraud cases and many are still being investigated.

This story is adopted from the Daily Nation Money Magazine.

See also: Is your money safe in the bank?

Kenyans Attacked In SA !! KIBAKI IS TO BLAME

Kibaki must be held accountable for the attacks meted out on Kenyans in SA. He is 100% to blame.

We all know that these attacks on foreigners are mainly aimed at the millions of unskilled Zimbabwean workers surviving at the bottom ranks of South African society. These are the people who are stealing jobs that would otherwise go to South Africans of the same poverty status and skill level. Kenyan businessmen and professionals are just being caught up in the crossfire. There would be no problem if Zimbabwean workers stopped flooding South African low skill job sites.

I have been told that practically millions of Zimbabweans were eagerly anticipating the opportunity to return to their country had Mugabe accepted the election loss. Jamaas had packed their housewares while bus and train tickets to Zimbabwe were sold out. A few confident chaps had even resigned from their low paying jobs in the gold mines. It was all systems go, until Mugabe graduated from Kibaki's university.

Here is where Kibaki comes in. You see, Mugabe chose to steal the elections, Kibaki-style, under the strict guidance and advise from Kibaki himself. The postal workers have reported that Kibaki's congratulatory letter to Mugabe was on the way to Zimbabwe, five days prior to their election date.

The point is, without the election thieving example of Kibaki, Mugabe would have been very afraid to attempt such a travesty against the Zimbabwean people. Kibaki's determination not to be forcefully retired by the votes of Kenyan citizens encouraged and gave much confidence to Mugabe. To this day, Mugabe beams with immeasurable pride when he views the Doctoral Degree in Election Engineering awarded to him by Professor and Dean of Fraudulent Election Studies; Hon Kibaki.

Right now, Mugabe should be holed up in his palace carefully studying the latest catalog of Zimbabwean jails...with instructions to choose one. In turn, the millions of Zimbabwean workers in SA would be on their way back to their country thereby easing the competition for low skill jobs in SA. With the availability of 'their' jobs, South Africans would not see the need to hound foreigners out of their country. There would be no feelings of hate towards foreigners. It follows therefore that without the violence, Kenyans would be safe and doing brisk business as usual. Lakini, because of Kibaki, Kenyans in SA are in grave danger.

There you go folks. Those are the real ramifications of Kibaki's activities. The trickle down effect of his thievery is sure to affect Kenyans all over. The way I see it, Kibaki should stop advising other African presidents to do like he did. He should at the very least be mindful of Kenyans living in foreign lands. Fellas, every time incumbent presidents copycat Kibaki, Kenyans in those countries are bound to suffer.

Kibaki must shut down the University of Election Thievery…..esp. the statehouse road campus.

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Ladies Beware of Perverts!