Tuesday, April 16, 2024
HomeEthiopian VideoCommercial Bank of Ethiopia President explains what happens

Commercial Bank of Ethiopia President explains what happens

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Toronto – Abe Sano, president of Commercial Bank of Ethiopia, had a press conference regarding the incident that led to the loss of billions of birr in a matter of hours. He said it was not due to a cyber attack on the system. He related it to a “missing code” in the process of “improving the online banking system.”

From social media updates and conversations, the incident has triggered skepticism and criticism of the government. For many, it was not a systemic glitch but a possible deliberate act motivated by ethnic politics.

Watch from the news video below to see what the president had to say :

Video : embedded from Fana YouTube channel
Cover photo : screenshot from the video

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