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Court Froze More Than $55M Of Embattled Flutterwave Over Money-Laundering Allegations!
A Kenyan Court froze more than $50 million in bank accounts of the African fintech unicorn Flutterwave under the country’s anti-money laundering laws. Kenya’s Assets Recovery Agency (ARA) sought and was granted a High Court order to freeze several accounts with three banks belonging to Kenyan-registered Flutterwave Payment Technology Ltd. The Flutterwave CEO, Olugbenga Agboola (LinkedIn) has been confronted with allegations of financial impropriety, conflict of interest, and sexual harassment.