In a shocking and brazen daylight heist, six masked men armed with pistols and assault rifles robbed the Ecobank branch at the Parkade Centre in Bulawayo, Zimbabwe, making off with an estimated US$4 million.
The Robbery: A Chilling Display of Efficiency
The incident unfolded during a routine cash collection outside the Ecobank branch located at the corner of 9th Avenue and Fife Street. A Safeguard security van, having just collected several metal cash boxes from the bank, was the target of the well-organised gang. According to eyewitness accounts, the robbers arrived in a Ford Ranger pickup truck, swiftly overpowering the Safeguard security guards.![]() |
Ecobank Closes After Brazen Daylight Robbery: US$4 Million Stolen in Bulawayo |
The assailants fired a shot into the air, causing the guards to drop to the ground, and then dragged the cash trunks into their vehicle before speeding off down George Silundika Street.
Details of the Heist
The robbers, described as heavily built men wearing face masks, with one individual not wearing a disguise and initially blending in with the public, executed the heist with chilling efficiency. They disarmed the security guards, seizing three AK47 firearms in the process.The entire operation was captured on video footage that has been circulating widely on social media, showing the robbers loading the cash boxes into their getaway vehicle.
Aftermath and Investigation
The Zimbabwe Republic Police (ZRP) has confirmed the robbery and initiated a thorough investigation. Commissioner Paul Nyathi stated that the manner in which the incident occurred suggests an element of an inside job or leakage of information. The police are reviewing CCTV footage from recently installed cameras in Bulawayo's city centre, hoping to gather crucial evidence.Ecobank's Response
In the wake of the robbery, Ecobank has announced the temporary closure of its Parkade Branch. The bank reassured customers that digital banking channels remain operational and encouraged the use of online and mobile banking services. For any in-branch services, customers have been directed to the Bradfield Branch located at Zonkizizwe Shopping Centre."We regret to inform you that our Parkade Branch will be temporarily closed on Friday, October 4, 2024, following the armed robbery incident that occurred on October 3, 2024. The safety and security of our customers and staff remain our utmost priority," the bank stated.
Public Reaction and Security Concerns
The audacity of the robbery has left residents and businesses in Bulawayo stunned and concerned about the security lapses that allowed such a brazen heist to occur. The incident has sparked widespread debate about the efficacy of current security measures for cash-in-transit services. No injuries were reported during the robbery, but the incident has put the city on high alert.Ecobank Closes After Brazen Daylight Robbery: US$4 Million Stolen in Bulawayo
The robbery at Ecobank's Bulawayo branch is a stark reminder of the need for enhanced security protocols and vigilance in financial transactions. As investigations continue, the public is urged to remain vigilant and report any suspicious activities. The incident also highlights the importance of leveraging technology, such as CCTV cameras and digital banking, to mitigate such risks.![]() |
Ecobank Closes After Brazen Daylight Robbery: US$4 Million Stolen in Bulawayo |
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