06:21 pm - Friday 25 July 2014

Stanbic Bank Given 2 Week-Ultimatum to Pay Swindled Clients

By Editor - Fri Nov 23, 6:30 pm

Matero Member of Parliament Miles Sampa has given Stanbic Bank a two-week ultimatum in which to pay customers owed money by the late Margaret Mukupa who worked as the Bank’s Matero Branch Manager.

Mr Sampa said failure by the Bank to pay the affected customers within the stipulated period will not guarantee the Bank’s continued safe operations in the area.

More than 80 Stanbic Bank Matero Branch customers are claiming in excess of Three Billion Kwacha as money owed to them by the Bank through the late Mrs. Mukupa.

Mrs. Mukupa allegedly committed suicide on March 8th, 2012 and it was only then that the more than 80 customers came to know each other and the various amounts they had loaned out to her using the Bank.

At the time of her death Mrs. Mukupa,49, was also appearing in court after the Drug Enforcement Commission-DEC arrested her on nine counts of theft by public servant, fraudulent false accounting and money laundering involving 2.8 Billion Kwacha.

Meanwhile, when contacted for a comment Stanbic Bank Head Marketing and Communications, Kamiza Chikula said the matter has been referred to the Bank of Zambia as a regulator.

And Bank of Zambia Head of Public Relations Kanguya Mayondi said the Bank cannot comment now until all the necessary investigations have been instituted by the relevant department.Kindly note that all comments will be reviewed for appropriate content. Please show respect to those who will read your comments.

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