Blundered CBE Plunders Privacy Naming, Blaming and Shaming for a Glitch's Recovery
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (CBE), under the management of its President, Abie Sano, found itself embroiled in controversy after taking an unconventional approach to dealing with a recent financial mishap. The glitch, which allowed transactions to be credited without corresponding debits, purportedly resulted in a staggering loss of an astronomical amount of Birr within a brief window.
While the Bank's President has acknowledged transactions nearing a billion Birr during this period, estimates from sources close to the debacle suggest t...