- Supermarket owner Alex Wafula was shocked and angry when he learned that he had lost a total of KSh 20 million to employee fraud in Chwele
- The fraud scheme involved five employees, among them the cashier, the person in the back office and the one who was running the system
- Kenyans reacted with a lot of questions and disappointment over the lack of gratitude by the three employees, and some even shared their experiences in such instances
Chwele, Bungoma: A supermarket owner in Kabuchai in Chwele has narrated how he lost KSh 20million after three employees manipulated the sales payment system to steal KSh 50,000 daily.
According to Alex Wafula, a contractor tasked with managing the payment system, colluded with employees to siphon over KSh 20 million in 20 months.
It emerged that the financial fraud was unearthed after an in-depth audit and investigation into the business’s financial records.
Read also
Tenri School’s Braiden hailed for wiping Allan’s tears after loss to Sally in emotional video
“They look at the receipts with the summed-up money. If the cashier took KSh 50,000, they would look for copies, totalling KSh 50,000, and remove them from the system. They would then divide it among the three of them,” said Wafula.
“We were told there are five people in the team: the cashier gets 20%, 80 for the back office, and he will divide with the owner of the software,” he added.
According to Wafula, it wasn’t easy to arrest the three employees as they had taken the lines with relatives’ ID numbers, and God and the DCI helped me. They will be taken to court on June 24.
How did Kenyans react to the story?
Aaron Aaron:
“Mwalimu Wamwana very humble soul I know,pole sana,United supermarket best in Chwele my home.”
Duncoz Nyangaresi:
“Reminds me of something. Sharp boys everywhere. Uliza Nakumatt and Tuskys…nothing like software…kama aspire software inafinywa.Dynamic NAV ilikuwa inafinywa..alf.”
Farmer Of Thoughts:
“It is possible, especially when operational financial controls are weak or not implemented. Lack of a maker-checker mostly leads to this. The software guy highly likely had super rights thus making circumvention of internal controls easy. That long collusion period simply indicate poor system of checks such as little or no supervision, makers having same system rights as checkers or employees not going on leave. If you take such a claim to insurance under fidelity guarantee policy, you may not get away with compensation.”
Read also
Tenri school elections: Sally Mwende triumphs, defeats viral ‘aloo aloo’ team
Wanjiru Nyambura Kingori:
“And the comments are even evident that kenyans have have participated to the issue of no jobs, by finishing the businesses of their employers.”
Millie Washy Rah:
“I was in Uchumi supermarket as a cashier….people had fleets of matatus…the system was a fraud…I however resigned in peace.”
Source: NGBREAKINGNEWS
