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Bank loses $14 million due to computer mistake

Ethiopia's Commercial Bank of Ethiopia (CBE) has recovered $10 million of the $14 million lost in a technical glitch, with customers voluntarily returning the funds, but those who don't return the money will face criminal charges.
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A bank in Ethiopia had a big problem. They lost $14 million because of a computer mistake. This mistake let people take more money than they had. But, the bank got back $10 million because many people gave the money back. The bank said if people don't return the money, they could get in trouble.

Many students took money because of this mistake. They learned about it from messages and calls. The bank is now telling the police about people who took money and didn't give it back. The bank has been around for a long time and has many people using it. They are working to fix the mistake and make sure everyone's money is safe.

Original news source: Customers return $10m taken during bank glitch (BBC)

🎧 Listen:

πŸ“– Vocabulary:

1. Ethiopia
2. computer
3. mistake
4. police
5. students
6. messages
7. return
8. trouble
9. safe
10. fix

Group or Classroom Activities

Warm-up Activities:

– Charades
Instructions: Divide the class into small groups. Give each group a slip of paper with a word related to the article (e.g. bank, money, mistake, police, etc.). One person from each group will act out the word without speaking, while the rest of the group tries to guess what word it is.
– News Summary
Instructions: Have the students work in pairs. Each pair will read the article and then summarize it in their own words. They can take turns sharing their summaries with the class.
– Opinion Poll
Instructions: Give each student a slip of paper with a question related to the article (e.g. Do you think the bank should have lost all that money? Should the people who took the money be punished?). Have them walk around the classroom and ask their classmates the question, recording their responses. Afterward, have a class discussion and share the different opinions.
– Vocabulary Pictionary
Instructions: Divide the class into small groups. Give each group a set of vocabulary words from the article. One person from each group will pick a word and draw a picture representing it, while the rest of the group tries to guess what word it is. This activity helps reinforce vocabulary and comprehension.
– Think-Pair-Share
Instructions: Have the students think about the article individually for a few minutes. Then, pair them up and have them discuss their thoughts and reactions to the article. Finally, bring the class back together and have a few pairs share their discussions with the rest of the class. This activity encourages critical thinking and speaking skills.

πŸ€” Comprehension Questions:

1. What was the problem the bank in Ethiopia had?

2. How much money did the bank lose because of the computer mistake?

3. How much money did the bank get back?

4. What did the bank say would happen if people didn't return the money?

5. How did the students find out about the mistake?

6. What is the bank doing now?

7. Why is the bank working to fix the mistake?

🎧✍️ Listen and Fill in the Gaps:

A bank in Ethiopia had a big problem. They $14 million because of a computer mistake. This mistake let take more money than they had. But, the bank got back $10 million because many people gave the money back. The bank said if people don't return the money, they could get in . students took money because of this mistake. They learned about it from messages and calls. The bank is now telling the about people who money and didn't give it back. The bank has been around for a long time and has many people using it. They are working to fix the and make sure everyone's is safe.

πŸ’¬ Discussion Questions:

1. What is a bank?
2. How would you feel if you lost a lot of money because of a mistake?
3. Do you think it's important to give back money if you took it by mistake? Why or why not?
4. Have you ever made a mistake with money? What happened?
5. Do you think the bank should punish people who didn't give back the money? Why or why not?
6. How do you think the bank can fix the mistake?
7. Have you ever received a message or a call that gave you important information? What was it about?
8. Do you think it's easy to keep everyone's money safe? Why or why not?
9. What would you do if you found a lot of money that wasn't yours?
10. Do you think the bank should give a reward to the people who returned the money? Why or why not?
11. How do you think the bank can prevent this kind of mistake from happening again?
12. Do you like using banks? Why or why not?

Individual Activities

πŸ“–πŸ’­ Vocabulary Meanings:

Click a dot next to a word, then click the dot next to its meaning to draw a line connecting them.

Words

1. Ethiopia
2. computer
3. mistake
4. police
5. students
6. messages
7. return
8. trouble
9. safe
10. fix

Meanings

(A) Kids who go to school to learn new things
(B) A place far away where people live
(C) When you might have to go to time-out because you didn't follow the rules
(D) A smart machine that helps us do work and play games
(E) When you are not in danger and everything is okay
(F) People who help keep us safe and make sure rules are followed
(G) Notes we get on our phones or computers
(H) To make something that was broken or wrong all better again
(I) To give something back to where it came from
(J) When something goes wrong or is not right

πŸ”‘ Multiple Choice Questions:

1. What happened to the bank in Ethiopia?
(a) They gained $14 million because of a computer mistake.
(b) They lost $10 million because of a computer mistake.
(c) They lost $14 million because of a computer mistake.
(d) They gained $10 million because of a computer mistake.
2. How much money did the bank get back?
(a) $14 million
(b) $4 million
(c) $0 million
(d) $10 million
3. What did the bank say would happen to people who didn't return the money?
(a) They would get a reward.
(b) They would get more money.
(c) They could get in trouble.
(d) Nothing would happen.
4. Who took money because of the computer mistake?
(a) Many teachers
(b) Many students
(c) Many doctors
(d) Many police officers
5. How did people learn about the computer mistake?
(a) From TV and radio
(b) From books and newspapers
(c) From their friends and family
(d) From messages and calls
6. What is the bank doing now?
(a) Telling the police about people who took money and didn't give it back
(b) Giving more money to people who took money
(c) Closing down because of the computer mistake
(d) Fixing the mistake and making sure everyone's money is safe
7. How long has the bank been around?
(a) For a short time
(b) For a long time
(c) For a few days
(d) For a few hours
8. How many people use the bank?
(a) Many people
(b) No people
(c) A few people
(d) One person

πŸ•΅οΈ True or False Questions:

The bank warned that people who return the money could get into trouble.
The bank is now reporting people who took money and didn't give it back to the police.
The bank is not working to fix the mistake and ensure everyone's money is safe.
The bank was able to recover $10 million because many people returned the money.
The mistake prevented people from taking more money than they had.
A bank in Ethiopia made a mistake and lost $14 million.
The bank has been around for a long time and has many people using it.
Many students avoided taking money after learning about the mistake from messages and calls.

πŸ“ Write a Summary:

Write a summary of this news article in two sentences.
Check your writing now with the best free AI for English writing!

Writing Questions:

1. What happened to the bank in Ethiopia?
2. How much money did the bank lose because of the computer mistake?
3. Did people give the money back to the bank?
4. What will happen to people who don't return the money?
5. What is the bank doing to fix the mistake?

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