ADDIS ABABA, Ethiopia - Dec. 7, 2023: A branch of the Commercial Bank of Ethiopia in Addis Ababa. Ethiopia's largest bank is struggling to recoup millions of dollars after a glitch over the weekend allowed customers to withdraw unlimited funds, according to local media reports. More than $40 million was reportedly withdrawn from the state-owned Commercial Bank of Ethiopia or transferred to other banks, as customers discovered they could withdraw more than their total balance. Several universities have urged students to return cash that isn't theirs, and Sano reportedly told Monday's press conference that anybody who returns the money will not be criminally prosecuted. Ethiopia's central bank, which oversees its financial sector, said in a statement that the interruption was a result of system security checks and "not an incident that endangers the bank, its customers and the entire financial system," according to a Google translation.

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Persons: Abie Sano, Sano, Monday's Organizations: Commercial Bank of, Commercial Bank of Ethiopia, CNBC Locations: ADDIS ABABA, Ethiopia, Commercial Bank of Ethiopia, Addis Ababa, Ethiopia's