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Flutterwave mired in controversy following report of accounts freeze over money laundering in Kenya

Reading Time: 3 minutes A court in Kenya has frozen more than $40 million in accounts belonging to Africa-focused payments giant Flutterwave under the country’s anti-money laundering laws, court documents showed. Founded in 2016 in Nigeria, the San Francisco-headquartered firm, specialises in individual and consumer transfers, one of several fintech firms facilitating and capitalising on Africa’s booming payments market. Read More…

Corruption Crime Featured Metro

I didn’t receive petition on money laundering against Ikuforiji – witness

Reading Time: 3 minutes An Economic and Financial Crimes Commission (EFCC) witness  on Wednesday said that he did not receive any petition on money laundering against a former Speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji. Mr Adebayo Adeniyi, an EFCC investigator, testified as the first prosecution witness at the resumed trial of Ikuforiji before a Federal Read More…

Corruption Crime Featured Metro

EFCC opens evidence in trial of former Lagos Speaker Ikuforiji

Reading Time: 4 minutes The Economic and Financial Crimes Commission (EFCC) on Wednesday called its first witness in the money laundering trial of former Speaker Adeyemi Ikuforiji of the Lagos State House of Assembly. Ikuforiji is charged with N338.8 million money laundering. He is facing trial alongside his former Personal Assistant, Oyebode Atoyebi, on 54-count bordering on the offences. Read More…