Bank employee faces US$150 000 fraud charges 

Source: Bank employee faces US$150 000 fraud charges – herald

Zvikomborero Parafini-Court Reporter

A NATIONAL Building Society employee has appeared in court facing allegations of fraud after he allegedly used a colleague’s banking credentials to process unauthorised transactions amounting to US$150 000.

Washington Madyise (35) appeared before Harare magistrate, Ms Ruth Moyo, who granted him US$100 bail and remanded the matter to August 18.

The State alleges that NBS introduced a new core banking system in May 2026, which required employees to use individual usernames and passwords to access the platform.

Prosecutors allege that while assisting a colleague to navigate the new system, Madyise unlawfully obtained her login credentials and later used them to authorise fraudulent transfers without her knowledge.

It is alleged that on May 9, Madyise initiated a transfer of US$1 298.13 from the bank’s suspense account into an account belonging to one of his associates.

Further investigations allegedly established that several other unauthorised transactions were processed using the complainant’s credentials, with funds allegedly transferred into Madyise’s personal account and accounts belonging to his associates.

The State alleges that the total prejudice amounts to US$150 000 and that no money has been recovered.

According to the prosecution, the case is supported by bank transaction records, digital forensic evidence, financial trails allegedly linking the funds to the accused and his associates, as well as communication records relating to the movement of the money.

Mr Tatenda Chiriseri appeared for the State.

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