FBC Bank tellers up for $500k fraud

HARARE - A trainee customer service officer with FBC Bank reportedly connived with a bank teller and swindled the Mines ministry of more than $500 000.

Nicola Gweshe, 28, who is based at FBC Mutare, and Dionne Kwezani, 27, a bank teller at the bank’s Harare branch, appeared before Harare magistrate Vakayi Chikwekwe facing fraud charges.

They were both remanded to February 24 on $200 bail each.

Part of the bail conditions ordered Gweshe and Kwezani to reside at their given addresses and report twice every week at CID Serious Fraud Squad.

Prosecutor Sharon Mashavira alleged that Gweshe, whose duties included verifying information on opening bank accounts, connived with Kwezani and other accomplices who are still at large, and hatched a plan to defraud their employer.

During the period extending from August 15 last year and January 16 this year, they reportedly defrauded FBC through fraudulent transfers of funds from the ministry of Mines’ FBC bank account.

Pursuant to their plan, Gweshe facilitated the opening of a bank account in the name of ZMDC (Pvt) Ltd and imitated the parastatal ZMDC Management Services Ltd using fraudulent documents.

Kwezani also facilitated opening another bank account in the name of Bryte Course Investments using forged documents.

On January 14 this year, one of the accomplices raised five fraudulent daily internal payment instructions purporting as though the Mines ministry had authorised transfer of $366 385,40 into the fraudulently-opened bank accounts for companies styled Bryte Course,Chikuti Gold Mine and ZMDC (Pvt) Ltd.

A total of $104 200 was deposited into the ZMDC bank account before Gweshe emailed her managers and bank tellers requesting the release of all the funds.

Kwezani then facilitated the withdrawal of a total of $526 770 and nothing was recovered.

Comments (6)

Zvakuwanai FBC munoita manyawi ekutinyima loan muchipa maCivil servants asina ma accounts nemi muchindinyima ini ndine 10 yrs ndichisevenzesa bank iri salary yangu ichipinda every month.Makatobirwa shoma kana ndichiona.Munoda kufadza mweni stereki.How can you do such a stupid thing giving silly excuses for denying me a loan? I do not regret what i have said

Chivadye - 31 January 2014

The other day was Kingdom and today FBC. I think there is a big problem with account opening procedures in these banks. However I also wonder how the Mines Ministry failed to detect this. Does it mean that they don't perform monthly reconciliations of their bank accounts? Yah gvt yakadhakwa this was supposed to have been detected.

Exiled - 31 January 2014

With proper online banking, bank reconciliations can now be done daily, on an ongoing basis from - fro morning to end of day. Month will just be month-end accounting cut-off and update of any entries, charges etc which come through on cut-off date. Any unusual items can be detected promptly; not 100% foolproof though, but it works!

Truth - 31 January 2014

FBC has really gone to the Dog. There are some serious problems with their Mutare Branch. Last time they lost over a million dollars to Esther and her team, now half a million. What's next?? You deny us loans, overdrafts and there are never enough tellers in your halls especially Nelson Mandela Branch. And I need to wait for an email from my branch if I want to withdraw money from a different one, what sort of nonsense is that? Your mastercard facility is the only division that is still running thanks to that Madzikanda woman, though she has a bad attitude. Once that goes, I'm out. Daily News Bhora mberi.

Vashe - 1 February 2014

FBC is a very good bank ,its just an unfortunate situation kuti vakabirwa navashandi,its not the first company kubirwa saka tisaita sekunonzi mashura.Nguva yaishaya mamwe mabank mari vanhu vachipiwa ma$20.00 paChristmas and new year holidays FBC haina kana kumbonyima vanhu mari,yaipa to the last cent,maloan FBC inopa.Kungoti chete haungafadzi munhu wese but inini as a client i would like to say keep it up to the loyal FBC staff,musadzoserwe sure nembavha,keep the smiles and the good service.

Chirasha - 3 February 2014

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