Committee raises concerns over cyber fraud in foreign debt payment

12-Jul-2026

.

The Committee on Public Finance (COPF) has highlighted serious institutional shortcomings following the cyber fraud involving a US$2.5 million foreign debt repayment.

Presenting its report to Parliament, the committee said the incident exposed weaknesses in coordination between the Treasury and the Central Bank. It stressed the need to strengthen oversight, improve financial management systems and introduce safeguards to prevent similar cybercrimes in future.