Fraudulent Transfer Scandal: BOA Reimburses ABCO Bourse and Admits Failures

Bank of Africa reimbursed ABCO Bourse more than 2.5 billion CFA francs after detecting fraudulent transfers from bank customers’ accounts. The transfers were reportedly sent to International Dia Business Services, headed by Ismaëla Dia, and Bridge Bank also reported suspicious transactions. Dakar’s Research Section, which took up the case on September 30, is tracing the funds; several check couriers have been placed in pretrial detention. BOA acknowledged internal failures and launched an audit as investigators continue to establish responsibility.