Everyday millions of people lose their money in an unknown ways from their bank accounts.
Most people use banks to keep their documents and money safely but its unfortunate that they have become the major places of theft.
In the world, Uganda is among the countries that have not recognized and utilized banks due to some of their disadvantages.
According to the statistics from world bank at least 16-17 million people from Uganda are having bank accounts with 87% citizens without accounts.
Of the 17 million people with accounts in banks, 5% of them have money on their accounts and they use these accounts for money transaction.
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The increased theft in banks has become the major reason why people are running a way from them.
Due to the technology used in most of the banks, 81% of the money in the bank is lost by external penetration, 15% of the money by the bank employees fraud and 3.35% staff connivance with fraud stars.
According to the reports from the police of cyber crime, the theft cases by use of technology have increased from 82 cases in 2022 to 104 cases in 2022-2023 in the last report.
Since most of the business men are relying on bank loans for the growth of their businesses they are facing a lot of challenges of which most of them have tried to share them with the public, but they don’t know where to report exactly and some of their voices are not considered or their cases are not given attention.
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Most of the clients are complaining that after opening an account in a certain bank, you are given the account number which is a secret number and therefor its very difficult for them to understand how money is removed from their accounts.
It is said that most of the people deposit money on their accounts and on the time of withdraw, they find nothing on their accounts or some of them receive messages that tell them to have withdrawn a certain a mount of money from their accounts, yet to their knowledge, they haven’t made any transaction.
Most of the banks have attendance of charging high interest from the clients and get their security property sold even before the loan period is done.
According to Kiiza Ruth Nalongo who got a loan of 1billion followed by that of 500million,350million and lastly 300 million from equity Bank,she got a loan in 2019 and presented all the documents that prove her to have cleared all the loan to TV 10 GANO MAZIMA , its unfortunate that the bank is still telling her to pay back its money.
Regardless of paying back the a mount, the bank went a head and took all her property she had presented their as security with out her consent yet the loan repayment period is even still on.
Mrs. Kiiza’s loan period is10 year and it is supposed to be done in 2029 since she took a loan in 2019 but the bank sold her property in a period of three years.
The Questions remain;
Who own these banks?
Where should one run for Justice regarding such sensitive financial matters?
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