Standard Bank Employee Accused of Siphoning K25 Million from Customer Accounts

Police in Mzimba District have arrested Drake Mughogho, 29, for allegedly committing the offence of theft by servant.

Mzimba Police publicist, Maria Banda, says the incident occurred on November 4, 2025, around 08:00 hours at the Standard Bank Mzimba Branch. Police reports indicate that on October 31, 2025, a client from St. John Bosco requested his bank statement. Upon review, a bank officer noticed irregular withdrawal transactions that raised suspicion.

According to Banda, preliminary investigations revealed that Mughogho had allegedly been fraudulently transferring money from customers’ accounts into five mobile numbers registered in his name.

“Further inquiries established that the suspect had siphoned approximately K25 million from various customer accounts over time,” said Banda.

Following a formal report to Mzimba Police Station, officers launched a detailed investigation that led to the suspect’s arrest.

Police have since recovered some evidence linking the suspect to the offence. He will appear before the court soon to answer charges of theft by a servant.

Source: MBC Digital