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Equity Bank Uganda negligently loses UGX4 bn in unreconciled online transactions
Equity Bank Uganda Headquarters on Church House, Kampala Road
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Even before the dust settles over an unprecedented digital fraud in which Equity Bank Uganda, in March this year, lost UGX65 billion to a combination of internal and external fraudsters, the CEO East Africa Magazine has reliably learnt that the bank has lost yet another UGX4 billion (USD1.1 million) due to negligent failure to reconcile online purchases made using Visa-enabled Equity Bank cards.