CABS FLOODGATES OPEN AS 3 GETS $279 000 MIRACLE MONEY
Three people are in trouble for squandering different amounts of money amounting to nearly $279 000 which was erroneously deposited into their accounts by the Central African Building Society (CABS) technical faults with their system.
CABS fired 13 Information Technology (IT) employees after the error was detected. One of the three CABS clients who got the miracle money is Kelvin Kutadza (24), a student nurse at Gweru Provincial Hospital who squandered $54 000 that was erroneously deposited into his account following the bank mistake.
Kutadza appeared before Midlands provincial magistrate Mrs Phathekile Msipa on Friday facing 54 counts of theft.
He pleaded guilty and was remanded in custody to today for sentencing following his conviction.
“The accused is found guilty of 54 counts of theft and is remanded in custody to Monday for sentence,” said Mrs Msipa.
In his defence, Kutadza said as a devoted Christian and a believer in miracles, he thought the money was miracle money when he saw the surprisingly huge figure in his savings account balance.
“When I checked my account and saw the money, I thought it was miracle money. I’m a Christian and thought that my prayers had been answered and I regret using the money.
“I’m a final year student nurse at Gweru Provincial Hospital and I am supposed to graduate on May 5. May the court pardon me,” said Kutadza.
Sometime between July and October last year, CABS was upgrading its IT system resulting in functional challenges in updating balances of accounts.