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How 15,000 Ethiopian Bank’s Customers Returned Cash Illegally Withdrawn During Glitch

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The Commercial Bank of Ethiopia has revealed that about its 15,000 customers have willingly returned the money they withdrew illegally during a technical glitch it experienced.

With the development, Ethiopia’s largest bank has recouped about 80 per cent of the cash it lost during a technical glitch that gave the customers advantage to withdraw more money in their accounts.

Last week, the bank encountered a breakdown in the network caused by a “routine system update and inspection”

The incident has made people, who are the majority of the university students that have accounts with the Ethiopian bank, withdraw more money than what they kept.

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President of the Commercial Bank of Ethiopia, Abe Sano, told reporters Tuesday that around $14 million was withdrawn or digitally transferred during the error.

He said the value of the transactions ranged from 9 cents to $5,350, while the amount lost initially was reported as $40 million.

Sano, however, said the Ethiopian bank published the names of the culprits, on Tuesday, compelling them to return the money voluntarily.

He, however, said 567 individuals have not yet returned money that is not theirs.

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Sano said their names and account details were posted online, in an apparent attempt to shame them into giving it back.

“The total amount remaining is not significant for the bank, but if this money is not fully recouped, it sends the wrong message,” Sano said.

The bank added that the glitch was not a cyber attack as initially reported on social media.

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There will be no same sex marriage again -Trump vows to end ‘transgender madness ‘

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President-elect Donald Trump on Sunday pledged to “stop the transgender lunacy” on day one of his presidency, as Republicans — set to control both chambers of Congress and the White House — continue their push against LGBTQ rights.

“I will sign executive orders to end child sexual mutilation, get transgender out of the military and out of our elementary schools and middle schools and high schools,” the president-elect said at an event for young conservatives in Phoenix, Arizona.

He also vowed to “keep men out of women’s sports,” adding that “it will be the official policy of the United States government that there are only two genders, male and female.”

Speaking to the AmericaFest conference in a border state he easily carried in the November election, Trump further promised immediate measures against “migrant crime,” vowed to designate drug cartels as foreign terrorist organizations, and doubled down on his talk of restoring US control of the Panama Canal.

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Transgender issues have roiled US politics in recent years, as Democratic- and Republican-controlled states have moved in opposite directions on policy such as medical treatment and what books on the topic are allowed in public or school libraries.

Last week, when the US Congress approved its annual defense budget, it included a provision to block funding of some gender-affirming care for the transgender children of service members.

In his speech Sunday, which amounted to something of a victory lap, Trump made expansive promises for his second term — and drew a dark picture of the four years preceding it, under President Joe Biden and Vice President Kamala Harris, the latter of whom he defeated in the 2024 election.

“On January 20, the United States will turn the page forever on four long, horrible years of failure, incompetence, national decline, and we will inaugurate a new era of peace, prosperity and national greatness,” Trump said, referring to his swearing-in.

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– ‘Golden age’ –

“I will end the war in Ukraine. I will stop the chaos in the Middle East, and I will prevent, I promise, World War III.”

He added: “The golden age of America is upon us.”

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Fresh Israeli Airstrikes In Gaza Kill 25 Palestinians Including Children

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Fresh Israeli airstrikes in the Gaza Strip have killed at least 25 Palestinians, according to medics.

The casualties on Friday included at least eight people in an apartment in the Nuseirat refugee camp and 10 others in the town of Jabalia, among them seven children.

Efforts to broker a ceasefire between Israel and Hamas have yet to succeed.

Sources involved in the negotiations told Reuters on Thursday that Qatar and Egypt had resolved some points of contention but key issues remain unresolved.

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Israel launched its assault on Gaza following Hamas-led attacks on Israeli communities on October 7, 2023.

The attacks resulted in the deaths of 1200 people and the abduction of over 250 hostages, according to Israeli reports.

Israel states that approximately 100 hostages are still being held, though it is unclear how many remain alive.

Gaza authorities report that Israel’s ongoing campaign has killed more than 45,000 Palestinians and displaced the majority of the 2.3 million residents.

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Much of the territory has reportedly been devastated by the conflict.

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Biden signs bipartisan funding bill to keep government open

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President Biden signed the stopgap funding bill that will keep the government open until March, punting the thornier issues surrounding the nation’s finances to the incoming administration of President-elect Donald Trump.

A bloated 1,500-page funding measure was exploded by Trump and his top ally Elon Musk earlier this week as they demanded a pared-down version.

The parties were able to cobble a stopgap bill together Friday evening, which passed the Senate early Saturday morning.

The package funds the government at current levels until March 14, 2025, and includes $100 billion in hurricane relief funds and $10 billion in aid to farmers.

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With the stopgap funding only running until March, an almost certain clash is looming between Trump and GOP spending hardliners when Congress reconvenes in January.

“The bipartisan funding bill I just signed keeps the government open and delivers the urgently needed disaster relief that I requested for recovering communities as well as the funds needed to rebuild the Francis Scott Key Bridge,” Biden said in a statement after inking the deal.

The post Biden signs bipartisan funding bill to keep government open appeared first on New York Post.

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