The Chief Executive Officer and co-founder of Flutterwave, a payment company in Nigeria, Olugbenga Agboola, visited Kenya this week while trying to unfreeze his billions of Shillings and remove a Central Bank of Kenya (CBK) ban on the company.
Within a year, the company has witnessed its Kenyan branch functioning, previously second greatest market after the Nigerian, delayed with the High Court freeze Sh6.6 billion on money laundering dreads and the CBK issuing banks to sever ties with the company.
The co-founder touched down in Nairobi to converge with Flutterwave’s local group and gain a listenership with Kenyan’s Central Bank, which asked his company to make a new license operation in December.
In July, CBK had commanded local banks to halt dealings with Flutterwave, differing that it was not authorized as the firm’s account got frozen under the nation’s laws against money laundering.
His visit corresponds with a judgement by the High Court that on Thursday rejected an application from more than two thousand Nigerians who tried to acquire a portion of the frozen money.
In a formal written request, the Nigerians stated that they were defrauded of billions of Shillings through a sports gambling platform that utilised Flutterwave to execute their payments.
