How a Syndicate Stole Sh500 Million from Safaricom’s Fuliza Service
Safaricom’s Fuliza overdraft service, which allows M-PESA users to complete transactions even with insufficient funds, has become a lifeline for many Kenyans. However, detectives have uncovered a sophisticated fraud scheme where scammers exploited the platform, stealing nearly Sh500 million in a well-coordinated operation. The Fuliza Fraud Scheme A high-level syndicate of eight young men based in Nakuru and Trans-Nzoia counties orchestrated the scam. The suspects—Isaack … Read more