• Latest
  • All
  • How To
45 Flutterwave bank accounts and 10 paybill numbers frozen

45 Flutterwave Accounts Frozen by Kenyan Court

June 14, 2023
Infinix GT 30 Pro

Infinix Unveils the GT 30 Pro with 120 FPS Certification for PUBG

May 22, 2025
Microsoft Recall

Signal Blocks Microsoft Recall Feature to Protect Private Chats

May 22, 2025
Infinix XPad GT

The Infinix XPad GT Gaming Tablet Makes Its Debut at $400

May 22, 2025
Passport Application

How to Apply for a Kenyan Passport Online in 2025: A Complete Guide

May 22, 2025
DHgate Tablet Cases deals
google-chrome

Google Chrome Will Start Automatically Replacing Your Weak Passwords

May 22, 2025
telegram

Telegram Posts $540m Profit Despite Founder’s Legal Hurdles

May 22, 2025
ID Checks May Soon Be Required for Social Media in Kenya

ID Checks May Soon Be Required for Social Media in Kenya

May 21, 2025
Safaricom launches revamped business loans

Safaricom Unveils Business Credit via M-PESA and Pochi Wallets

May 21, 2025
huwaei-matebook-x-fold

Huawei Debuts Foldable Laptop Running on HarmonyOS 5

May 21, 2025
google-meet

Google Meet Brings Real-Time Language Translation with Gemini

May 21, 2025
NSSF Hacking Claims Disputed: Fund Says No Member Data Compromised

NSSF Denies Allegations of Massive 2.5TB Data Breach

May 21, 2025
Google I/O 2025

Google I/O 2025 Highlights: Gemini, XR Glasses & Project Astra

May 21, 2025
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
  • News
  • Entertainment
  • Reviews
  • Features
  • Editorial
No Result
View All Result
Techweez | Tech News, Reviews, Deals, Tips and How To
No Result
View All Result

45 Flutterwave Accounts Frozen by Kenyan Court

Sakwa Kombo by Sakwa Kombo
June 14, 2023
in News
Reading Time: 2 mins read
251
0
45 Flutterwave bank accounts and 10 paybill numbers frozen

Flutterwave has been hit by a court order freezing 45 bank accounts it owns. Furthermore 10 Mobile money wallets are also frozen. The Nigerian Fintech and Africa’s most valuable unicorn, was sued by Nigerian nationals in a Kenyan court.

In a ruling last week, High Court judge Alfred Mabeya made the order following successful plea by a group of Nigerian Nationals. In total, 2,468 Nigerian nationals allege the pan African start-up was the vehicle used to defraud them of $12.04 million (Sh1.6 billion).

Additionally, six other financial institutions were named as interested parties. Interestingly, all the institutions are financial giants in their regions of operations.

Five of the named interested parties are banks. They are Access Bank, Equity Bank, Ecobank, United Bank of Africa. In addition to the banks, Safaricom PLC was named as a party of interest. This is because Flutterwave operates 10 PayBill Numbers on the telco’s Mpesa Platform.

This news comes shortyly after Flutterwave was intergrated as a Payment app on the Uber app in Kenya.

The judge ordered the accounts remain frozen for 14 days.

Flutterwave Controversies Continue

The fintech is no stranger to court processes and unfavourable rulings.

Only last year, the company faced money laundering and fraud accusations. The accusations were labelled by Kenya’s Assets Recovery Agency (ARA). As a result, Flutterwave accounts with $52.5 million were frozen.

However, ARA withdrew its case. Hence, Flutterwave was granted access to its accounts on this occasion.

We wait to see what happens after the latest court order.

Tags: Fintech
SendShare147Tweet92
Sakwa Kombo

Sakwa Kombo

My Bio is in my written articles.

Related Posts

African Fintech's Next Chapter: Bank-Disruptor Partnerships Take Center Stage

Big Moves in African Fintech as Banks, Telcos, and Disruptors Create Partnerships

February 2, 2025
Nigerian Fintech Mogul Ordered to Pay $250M for Inflating Financials

Tingo Group Nigerian Founder Hit with $250M Fine For Fraud

September 3, 2024
AFIK and Moringa School Partner to Launch Self Paced Fintech Online Course

AFIK and Moringa School Partner to Offer Flexible Online Fintech Course

August 26, 2024
CBK-fintech

CBK Set To Issue Payment Licenses To Fintech Firms

June 12, 2024
Mukuru employees perish in accident

Fintech Firm Mukuru in Mourning as Employees Perish in Road Accident

May 22, 2024
FINTAK appoints Dr Juliet Ongwae to board

Dr. Juliet Ongwae Appointed Director Fintech Association of Kenya

May 21, 2024

Latest

Infinix GT 30 Pro

Infinix Unveils the GT 30 Pro with 120 FPS Certification for PUBG

May 22, 2025
Microsoft Recall

Signal Blocks Microsoft Recall Feature to Protect Private Chats

May 22, 2025
Infinix XPad GT

The Infinix XPad GT Gaming Tablet Makes Its Debut at $400

May 22, 2025
Passport Application

How to Apply for a Kenyan Passport Online in 2025: A Complete Guide

May 22, 2025
google-chrome

Google Chrome Will Start Automatically Replacing Your Weak Passwords

May 22, 2025
telegram

Telegram Posts $540m Profit Despite Founder’s Legal Hurdles

May 22, 2025

Best devices

budget smartwatches 2025

Best Budget Smartwatches To Buy in Kenya 2025

February 13, 2025

Best Infinix Smartphones To Buy in Kenya 2024

February 13, 2025

Best Laptops for Battery Life in 2024

August 21, 2024

Best “Battery Warrior” Smartphones To Buy in 2024

August 22, 2024

Infinix Unveils the GT 30 Pro with 120 FPS Certification for PUBG

May 22, 2025

Signal Blocks Microsoft Recall Feature to Protect Private Chats

May 22, 2025

Techweez is a fast growing influential source of technology news, reviews and analysis by leading tech geeks in the industry.

Follow Us

Editorials

Samsung QLED TVs Now Officially Certified for Real Quantum Dot Technology

Trump’s Tariffs Will Be the End of Affordable Tech

5 Ways to Prep Your Tech for Resale

The Weaponization of PDFs: How Cybercriminals Are Exploiting a Trusted Format

Introducing A Brainbox Quiz: Techweez’s Monthly Trivia Night!

5 Most Reliable Virtual Dollar Card Providers in Nigeria

More News

ID Checks May Soon Be Required for Social Media in Kenya

Safaricom Unveils Business Credit via M-PESA and Pochi Wallets

Huawei Debuts Foldable Laptop Running on HarmonyOS 5

Google Meet Brings Real-Time Language Translation with Gemini

NSSF Denies Allegations of Massive 2.5TB Data Breach

Google I/O 2025 Highlights: Gemini, XR Glasses & Project Astra

  • Terms Of Use
  • Techweez Brand
  • Privacy & Policy
  • Contact Us

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!

Hey there! Just a heads-up: we're big fans of cookies - both the digital and edible kind! 🍪 We use our cookies and some from third parties to ensure your browsing experience on our site is smooth sailing and secure.

 

But wait, there's more! We also use cookies to gather stats and insights on how you navigate our site. It's like getting a behind-the-scenes peek at your digital adventures!

 

Don't worry, you're in control. You can adjust your cookie settings anytime to suit your preferences. Feeling curious? Dive into our Privacy Policy for all the juicy details. Happy browsing! 🚀

Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
Techweez | Tech News, Reviews, Deals, Tips and How To
Crunchy Cookies 🍪 Ahead!
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
Listen, this legal stuff is about as exciting as watching paint dry. But it basically says we only use your stuff for what you asked us to do, and nobody else gets to peek!
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
It's those sneaky cookie crumbs websites leave behind to count visitors, like counting ants at a picnic! Totally harmless, just for fun facts. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
Hey there! Just letting you know we use some fancy gizmos to remember your preferences. This way, we can show you ads that are, well, not completely bananas.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
Make cookies
{title} {title} {title}
No Result
View All Result
  • News
  • Reviews
  • Features
  • Editorial
  • Automotive
  • Entertainment

© 2024 Techweez - Palahala Media Group may earn a commission when you buy through links on our sites.
A Palahala Media Group Brand. All rights reserved.
.