Money Disappears From Capital Bank Account
Monday, September 27, 2010
David Mholo is up in arms after P100,000 disappeared from his account at the bank. He told The Monitor that the signature used to fleece his money had been badly forged. He said he went to the bank last Thursday after he failed to cash money from the Auto Teller Machines. The machines told him his request could not be processed.
"When I got to the bank, they printed my bank statement detailing all the transactions that have been taking place recently in my account. I was shocked when I saw that the statement reflected I took P100,000 on September 3, 2010 at the Capital Bank's main branch in Gaborone. I had never done that and when I asked them to show me the slips showing the signature used to cash the money, they brought this one, which resembled mine, yet it was a little different. I told them the signature was not mine," he explained.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...