Barclays Bank takes an extra precaution following their recent expose to financial risks

Image result for fake billions barclays bank safety box

Following the seizure of what the police called fake cash in a client’s safe deposit box at the bank’s Queensway branch,Barclays Bank wants nothing to do with safe deposit boxes, for now.

The British owned bank announced on March 21 that it will no longer be offering its safe deposit box service following a week that has seen the discovery of counterfeit items at one of its items in a branch in Nairobi

In an update from the bank, Barclays said that as an extra precaution, it will not take any new safe deposit boxes.

Image result for fake billions barclays bank suspects denied bail

The bank also said it is “working with clients” to review the existing safe deposit boxes.

“Whilst we have operated the safe deposit boxes in line with local and global regulatory requirements, we recognise the emergence of new financial crime risks associated with the use of this service,” Barclays Bank Kenya chief executive Jeremy Awori said.

Image result for fake billions barclays bank suspects denied bail

The four suspects in the crime; Eric Adede, Ahmed Shah, Elizabeth Muthoni and Irene Wairimu Kimani have been denied bail and will be detained at Kileleshwa Police station.

Resident Magistrate Zainab Abdul ordered that the suspects should be detained for 5 more days pending investigations.

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