How Jumia Kenya employee stole Sh21 million
- Published By Jane Njeri For The Statesman Digital
- 1 year ago
E-commerce firm Jumia Kenya has disclosed that its employee stole about $150,000 (Sh21.2 million) by manipulating vendor payment records, pointing to the risk of fraud facing the platform.
The firm, which has been posting losses in the Kenyan market, says in the latest disclosures to US regulators that it discovered the fraud in September last year.
“In September 2022, we discovered that an employee in Kenya manipulated certain vendor payment entries and misappropriated payments in 2021 and 2022,” Berlin-based Jumia Technologies AG said in the filing.
Jumia’s e-commerce platform allows vendors to list goods while sellers are able to order and pay before or on delivery.
The firm says it is a challenge to anticipate, detect and address fraudulent activities given the high number of participants on its platform and the fragmentation of the business.
Share on
Tags
SHARE YOUR COMMENT
MORE STORIES FOR YOU
Trending Stories
DJ Mo’s former illicit lo...
- Published By Jane
- January 15, 2024
Mapenzi! Zari and Tanasha...
- Published By Jane
- October 24, 2023
Zuchu Speaks on Diamond P...
- Published By Jane
- October 12, 2023
Hio Ni Upumbavu Wasituche...
- Published By Jane
- November 8, 2023
RECOMMENDED FOR YOU
CBK Report: What Kenyan B...
- Published By Jane
- September 12, 2024
Apple launches iPhone 16...
- Published By Jane
- September 12, 2024
I love teasing my boyfrie...
- Published By Jane
- September 12, 2024
The nailing wonder truth
- Published By Jane
- September 12, 2024
Latest Stories
Court declares NG-CDF unc...
- Published By Jedida
- September 20, 2024
Gilbert Masengeli apologi...
- Published By Jane
- September 20, 2024
Akothee Exclusive: Findin...
- Published By Jane
- September 20, 2024
Classic 105 Presenter Mik...
- Published By Jane
- September 20, 2024