How Three Suspects Stole Sh970K From Equity Bank By Exploiting Their Eazzy App

Just ten days after Kenya Insights published Your Money Is Not Safe With Equity Bank a concerned citizen aired on popular social media Twitter how a 67 year old Grandma, Faith Wanjiku had lost over Ksh970,000 she had entrusted with Equity bank. The Directorate of Criminal Investigations (DCI) on Tuesday evening announced the arrest of three suspected perpetrators.

Mrs Wanjiku had opened an account with Equity Bank in May 2019 and deposited Ksh2 million, she had sold her only asset, a piece of land with a plan to to buy another piece of land and build “a simple home, to spend the rest of her life.” Because as she says, ” as you get older the beauty of life is found in simplicity.” She found the land and paid Shs.1m, the problems arose when she went to pay the second instalment and found the money missing. Although Mrs Wanjiku had not registered for the banks Eazzy services, her money had been transferred through the app leaving her homeless with huge land debts.

Her nightmare began when she decided to pay her second instalment she noticed that she had lost Shs. 970k through the following withdrawals from her account. Please note the withdrawals were done via Eazzy banking App. pic.twitter.com/oDufvybfXF

— Dennis Itumbi, HSC (@OleItumbi) September 26, 2019

In a series of Tweets the DCI announced Antony Babu Kaira, Kelvin Maina & Joseph Kariuki were in lawful custody. The three who were arrested in Thika by an intelligence led team had siphoned KSh 970,00 from Mrs Wanjikus account by exploiting Equity banks Eazzy App, the Amount was transacted in four series; Antony Kaira- 300,030/= Kelvin Maina- 300,030/= Vivian Jelagat- 300,030/= and Ksh. 70K to various Equitel Numbers

The Amount was transacted in four series using the Eazzy App in the sequence;
Antony Kaira- 300,030/=
Kelvin Maina- 300,030/=
Vivian Jelagat- 300,030/= and Ksh. 70K to various Equitel Nos.
Suspects to be arraigned tomorrow as search for more probable perpetrators continues.

— DCI KENYA (@DCI_Kenya) October 1, 2019

The Suspects are set to be arraigned tomorrow as search for more probable perpetrators continues.

This is not the first time a customer has raised concern over their money getting withdrawn using the eazzy services even though they have not registered for the said service. The app is without doubt entirely flawed and being used to siphon money from unknowing innocent Equity bank clients.

However much Equity want to redeem and clear their name their cyber security is questionable and fraud claims are not coming to a stop anytime soon.