19
Mar
Ethiopia’s biggest commercial bank is scrambling to recoup large sums of money withdrawn by customers after a “systems glitch”. The customers discovered early on Saturday that they could take out more cash than they had in their accounts at the Commercial Bank of Ethiopia (CBE). More than $40m (£31m) was withdrawn or transferred to other banks, local media reported. It took several hours for the institution to freeze transactions. Much of the money was withdrawn from state-owned CBE by students, bank president Abe Sano told journalists on Monday. News of the glitch spread across universities largely via messaging apps and…