Connect with us

Hi, what are you looking for?

Capital Business
Capital Business


Barclays Bank of Kenya deploys dogs to sniff out suspicious safe deposit boxes

The bank has reiterated that the fake dollars were not part of the bank of deposits assuring customers that all currency dispensed over the counters and ATMs is genuine/FILE

NAIROBI, Kenya, Mar 21 – Barclays Bank of Kenya bank is using sniffer dogs to ascertain and assure the public that there is no threat posed by the items contained in the safe deposit boxes following fake $20 million notes that were found in a deposit box at its Queensway branch on Tuesday.

Sniffer dogs can be trained to detect substances such as explosives, drugs, currency, blood, and contraband electronics such as illicit mobile phones.

In a statement, Chief Executive Jeremy Awori said the bank will also not take any new safe deposit boxes as it works with customers to review existing boxes.

“We recognise that the incident involving our safe deposit boxes has raised concerns for customers and the public and I would like to personally assure you that this matter is being taken extremely seriously at the highest levels of the organisation,” said Awori.

The bank has reiterated that the fake dollars were not part of the bank of deposits assuring customers that all currency dispensed over the counters and ATMs is genuine

“We continue to cooperate and assist the investigating authorities including proactively reporting and handing over a second safe deposit box owned by the customer under investigation,” added Awori.

While assuring customers that the bank has complied with local and global regulatory requirements, Awori said the bank is taking the extra precautionary measures in response to the emergence of new financial crime risks associated with the use of the service.

He confirmed that two of the bank’s employees, who had been arrested alongside the owner of the safety box and three other aspects, have been released and are assisting the police with investigations.

The bank had in an earlier statement clarified that the contents of safe deposits are only known to the customer.

Advertisement. Scroll to continue reading.
Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...