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$4 Million Ecobank Heist: Security Guard Arrested in Major Breakthrough

July 4, 2025
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$4 Million Ecobank Heist: Security Guard Arrested in Major Breakthrough

The Bulawayo police have made a significant arrest in connection with the $4 million Ecobank cash heist that occurred on October 3 last year. According to Inspector Nomalanga Msebele, the spokesperson for Bulawayo police, the suspect will appear in court on Friday.

The investigation into the heist has been ongoing for months, with the police working tirelessly to identify the perpetrators. The robbery was a brazen, daylight attack that lasted just 149 seconds. Armed robbers in a Ford Ranger truck overpowered the Safeguard guards and made off with trunks filled with cash. The heist is considered one of the largest in the country’s history.

Sources close to the investigation reveal that the arrested individual is a security guard from Safeguard, the company responsible for transporting cash from the Ecobank branch at the NRZ Building. The guard’s alleged involvement raises questions about the level of security and protocols in place. This is not the first time Safeguard has been involved in a security breach. In 2018, a similar incident occurred in Harare, where security guards were
This heist bears similarities to other high-profile robberies in the region. In 2019, a gang of robbers stole $1.5 million from a Standard Chartered bank in Lusaka, Zambia. The gang used a similar modus operandi, overpowering security guards and making off with large sums of cash.

While details of the arrest are still emerging, it’s clear that the police have made significant progress in their investigation. The suspect’s court appearance on Friday will likely shed more light on the case. As the investigation continues, questions about Safeguard’s security protocols and potential insider involvement will likely be scrutinized.

The arrest brings hope that the stolen funds will be recovered and those responsible will face the consequences of their actions. The Ecobank heist has sent shockwaves through the community, and the police’s determination to solve the case is a testament to their commitment to justice. The outcome of this case will likely have far-reaching implications for the security industry in Zimbabwe.

end//…

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