We all understand how financial transactions especially those involving large amounts of money can become risky if one is not very careful. Missing a single number on one's account number can lead to loss of money.
This is a situation that a US based Fund tasked with compensating victims of the 1998 US embassy bombing in Nairobi is facing.
The 1998 United States Embassy Bombing Fund erroneously sent a whopping seven million and four hundred thousand( 7.4M) to one Mary Ngunyi Muiruri. The true beneficiary who was supposed to receive $65, 683.50 USD was Mary Njoki Muiruri.
The error in capturing the middle name of the beneficiary was done MM lawyers law firm that had been used by Njoki to sue for compensation.
The money was sent late last year but the management of the fund got a court order to freeze Mary Ngunyi's account last month. Earlier efforts to refund the money were unsuccessful as Mary Ngunyi refused to give consent to the bank to wire back the money. The bank could not refund the money due to legal requirements.
Surprisingly, Ngunyi's account has only six hundred and thirty three thousand shillings of now ($5,553 USD).The bank says that Nguyi withdrew the money by writing nine different cheques.
Ngunyi has refused to refund the money. The Fund has sued her. The Fund has also sued the bank for failing to reverse the money. The bank has countered the accusation saying it was not privy to the compensation proceedings and could not tell the true beneficiary.
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