dfcu Bank confirms fraud at Ntinda branch, suspect arrested

dfcu Bank has confirmed that some of its customers were impacted by recent fraudulent activity in its Ntinda Branch in Kampala.

In a statement issued on Friday, the bank said one of its employees at the branch has been arrested by the Police to aid investigations into the fraudulent transfer of funds.

"Following reports by some online publications in respect to fraud, dfcu would like to clarify that investigations are ongoing into circumstances under which one of its employees, at the Ntinda branch, was involved in the fraudulent transfer of funds," according to a stament published on their Facebook and twitter handle said.

"The employee in question was apprehended on Wednesday 13th May 2020 and is currently aiding the police in the ongoing investigations. This unfortunate incident is being treated as an isolated case."

A well placed source said the employee was allegedly withdrawing money from customers' accounts and depositing it on a personal account.

"As a result, the Ntinda branch was closed on Wednesday as the bank audited the extent of the theft," the source said.

The bank, however, did not name the employee but said affected customers have had their money refunded.