Central Bank says It is Facing Technical Glitches Amid Mass Overpayment of Salaries

0
355
Central Bank Governor, Buwah Saidy

By: Foday Manneh

The Central Bank of The Gambia says its facing “glitches” in its systems following reports of the banks posting mass overpayments of millions of Dalasis in salaries for November 2022 to civil service employees.

The bank says these system faults resulted in the overstatement of transactions.

“Trials runs were implemented, and the payment system went live on November 28, 2022. However, the system experienced glitches during the data migration process to commercial banks, resulting in the overstatement of transactions,” a statement from the country’s reserve bank announced.

The bank also said they had dispatched error reversal messages and correct salary instructions to all commercial banks, diligently working with the CBG to resolve the issue.

The CBG further announced that the banking for Tuesday, November 29, 2022, has been extended to 7:00 pm from regular closing hours.

Meanwhile, the bank has not yet announced the cause of Tuesday’s system glitch, which resulted in massive depositing of salaries to individual public service worker accounts, leaving many wondering about the real impact of the CBG’s recent hacking by unknown International hackers who gleaned extensive data from a bank server.

LEAVE A REPLY

Please enter your comment!
Please enter your name here