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A Jumia Kenya employee stole 21.2 million from the company by manipulating vendor payment records. Weh
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E-commerce firm Jumia Kenya has disclosed that its employee stole about $150,000 (Sh21.2 million) by manipulating vendor payment records, pointing to the risk of fraud facing the platform.
The firm, which has been posting losses in the Kenyan market, says in the latest disclosures to US regulators that it discovered the fraud in September last year.
“In September 2022, we discovered that an employee in Kenya manipulated certain vendor payment entries and misappropriated payments in 2021 and 2022,” Berlin-based Jumia Technologies AG said in the filing.
Jumia’s e-commerce platform allows vendors to list goods while sellers are able to order and pay before or on delivery.
The firm says it is a challenge to anticipate, detect and address fraudulent activities given the high number of participants on its platform and the fragmentation of the business.
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