Kenya ranked 4th globally in list of countries worst hit by fraud

Kenya is ranked the 4th globally among countries worst hit by fraud behind Nigeria, Egypt and Namibia, a survey has revealed. According to The third Global Fraud survey by Ernest & Young (EY), most fraud incidents are perpetrated by middle-level managers.

The report indicates that over a quarter (27 per cent) of Kenyan managers in the private sector admit that their organisations have experienced a significant fraud. “This puts Kenya in the top 10 countries globally, where organisations have experienced a significant fraud,” read in part of the survey report.