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BIG CASH GOES MISSING: Equity Bank Investigates Disappearance Of $11 Million In DRC

January 6, 2023

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EQUITY Bank BCDC has announced it is investigating the disappearance of more than $11 million in its cash account.

According to a statement, the bank discovered that the significant amount was missing from its Kinshasa branch after reconciling the books.

It is not clear how the funds have disappeared as the bank has subjected the suspicion transaction to an investigation.

Corruption has become endemic in the Democratic Republic of Congo under President Felix Tshisekedi’s presidency and there are fears that the scourge will continue if left unabated.

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